What are the responsibilities and job description for the Regional Product Manager position at Berkley?
Company Details
Berkley One exists to insure and protect the lifestyles of a modern generation of affluence. We seek clients that are sophisticated individuals and families who require world-class risk and claims management customized to their needs, a team of select expert independent agents and innovative digital tools to keep it simple and easy. We’ll blend our partners, products and capabilities with all that is Berkley, generating a modern solution for the customers we serve.
Our culture is one of innovation, creativity and teamwork. Our team is highly motivated, passionate about our business, and deeply experienced in developing and delivering product and service solutions in the personal insurance marketplace.
The company is an equal opportunity employer.
Responsibilities
We have an opportunity for an Auto Regional Product Manager to join our Berkley One team! As a key member of the Product Team, you will develop and introduce new or enhanced pricing and product strategies, manage product performance, and help us build our regional product management practice. You’ll work collaboratively with various stakeholders including underwriting, actuarial, state filings, compliance, and IT while interacting with external entities including vendors and state insurance departments.
Note: this is NOT an IT position
We have a welcoming culture valuing our employees – we trademarked the phrase Everything Counts, Everyone Matters® to describe the Berkley commitment to our people and how we do business. We believe that every person in the organization is important and every accomplishment makes a difference in our results. Come join us!
Key functions include but are not limited to:
- Manage states to meet profitability and growth targets
- Understand the assigned markets, develop specific state strategies related to price, coverage and underwriting that lead to profitable growth, and are compliant and competitive in the marketplace
- Work collaboratively with cross-functional teams, notably Actuarial, Analytics, Underwriting, Legal, IT and Agents, to strategically address needs as they relate to the product
- Measure the impact of product changes and key initiatives to ensure the implementation matches what was planned or expected
- Manage ongoing product performance, research market trends and competitor actions and make relevant recommendations to ensure continued success
- Assist with evaluating usage/effectiveness of third-party data and in researching and developing new product solutions
- Define detailed product requirements; work with Product Analysts to ensure policy administration systems are programmed according to established requirements
- Other projects as assigned
Qualifications
- Bachelor's Degree or equivalent experience
- 3-5 years of personal lines P&C experience with minimum of 2 years product management experience
- Experience with a High Net Worth carrier and auto coverages preferred
- Strong familiarity with insurance contract design, including ISO and others
- Empathy and understanding of the needs of customers, both insureds and their agents alike
- Serve as pro-active advocate for Berkley One customers and passionate about their brand and coverage experience
- Exceptional oral and written communication skills with a communication style that is flexible to the situation; able to communicate clearly and with purpose
- Thrives under pressure, exceptional organizational skills, integrity, and great follow-through on tasks
- Strong attention to detail and ability to juggle competing priorities
- Excellent time management skills with a proven ability to meet deadlines
- Natural curiosity, a love learning how things work and always looking for innovative improvements
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint)
Additional Company Details
We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.Sponsorship Details
Sponsorship not Offered for this Role