Insurance Product Manager - E&S

About MGT Insurance

MGT is the first AI-driven, neo-insurer focused on evolving commercial P&C insurance for the brokers and small business owners. By combining the expertise of industry veterans with state-of-the-art technology, we are ushering in the next evolution of commercial insurance and working to move the industry forward through the use of modern technology, better processes, and a rock-star team. We seek visionary leaders who thrive in dynamic, entrepreneurial settings, and excel in autonomous roles.

Job Summary

The Insurance Product Manager - E&S role reports to the GM of Specialty, and will drive the development and implementation of innovative commercial P&C insurance products, ensuring they meet customer needs and align with regulatory requirements. This role requires strong analytical and strategic skills, and collaborate across a cross-functional team and bring new products to market while also enhancing existing offerings.

Key Responsibilities

• Product Development and Innovation
• Lead the execution of new insurance products from concept to launch, and manage existing products to ensure production and profitability targets are met.
• Conduct market research and competitive analysis to identify opportunities for product differentiation and innovation.
• Define and prioritize insurance product requirements, focusing on customer-centric solutions that align with MGT’s strategic objectives.
• Project Management
• Manage the end-to-end product development lifecycle, ensuring milestones are met on time.
• Coordinate with cross-functional teams, including underwriting, actuarial, legal, and IT, to ensure seamless product delivery.
• Regulatory and Compliance Oversight
• Ensure all products comply with relevant regulatory and legal requirements, working closely with the compliance team.
• Monitor changes in regulations and market conditions that may impact product offerings, making adjustments as needed.
• Stakeholder Collaboration and Communication
• Prepare and deliver presentations and reports to communicate product performance, updates, and initiatives.
• Market Analysis and Customer Insights
• Analyze customer feedback, competitive landscape, and market trends to improve existing products and identify new product opportunities.
• Develop customer personas and use cases to ensure products meet the evolving needs of target segments.

Qualifications

• Prior Experience:
• 5+ years of product development or related industry experience required. 
• 3+ years in an analytical role within the P&C insurance industry is desirable.
• Experience with ISO forms, rules and rating is preferred.
• Experience with managing a P&L and loss performance of a product and/or book of business is preferred. 

• Education:
• Bachelor's degree in Business, Math, Economics, Risk Management, Finance, Insurance or related field required.
• Related industry coursework and certifications are a plus.

Necessary Knowledge and Abilities:

• Entrepreneurial mindset and ownership mentality
• Exceptionally strong quantitative, analytical, and problem-solving skills with a propensity to take things apart and see how they work.
  Strong Underwriting and Risk Management acumen.
• Excellent verbal and written communication skills, along with interpersonal and influencing skills (at all levels internally, externally, and cross-functionally)
• Self-directed and self-motivated with a demonstrated strength in planning, organizing and project management.
  Proficient with MS Office tools, including Excel, Word, PowerPoint and Access.
• Familiarity with statistical report packages is a plus.  Examples may include: Tableau, SAS VA, and Power BI.