Berkley
Regional Product Manager
Berkley, Convent Station, New Jersey, us, 07961
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.
ResponsibilitiesWe have an opportunity for a
Regional Product Manager
to join our Berkley One team! As a key member of our 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.
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
Creatively solve problems and enhance current processes
Other projects as assigned
Qualifications
Bachelor's Degree or equivalent experience
5+ years of P&C experience with minimum of 2+ years of product management experience
Experience with Personal Lines/High Net Worth carrier preferred
Strong familiarity with insurance contract design, including ISO and others
Meticulous work quality and accuracy of all forms, filings, documentation and other work
Strong analytical skills with an ability to identify trends, communicate results and take action
Working knowledge of insurance regulation and related business constraints
Incredible empathy and understanding of the needs of our customers, both insureds and their agents alike; a strong, pro-active advocate for Berkley One customers and passionate about customer brand and coverage experience
Exceptional oral and written communication skills; a communication style that is flexible to the situation; able to communicate clearly and with a purpose
A strong sense of accountability and resourcefulness
Natural curiosity, a love learning how things work and always looking for innovative improvements
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
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.
ResponsibilitiesWe have an opportunity for a
Regional Product Manager
to join our Berkley One team! As a key member of our 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.
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
Creatively solve problems and enhance current processes
Other projects as assigned
Qualifications
Bachelor's Degree or equivalent experience
5+ years of P&C experience with minimum of 2+ years of product management experience
Experience with Personal Lines/High Net Worth carrier preferred
Strong familiarity with insurance contract design, including ISO and others
Meticulous work quality and accuracy of all forms, filings, documentation and other work
Strong analytical skills with an ability to identify trends, communicate results and take action
Working knowledge of insurance regulation and related business constraints
Incredible empathy and understanding of the needs of our customers, both insureds and their agents alike; a strong, pro-active advocate for Berkley One customers and passionate about customer brand and coverage experience
Exceptional oral and written communication skills; a communication style that is flexible to the situation; able to communicate clearly and with a purpose
A strong sense of accountability and resourcefulness
Natural curiosity, a love learning how things work and always looking for innovative improvements
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