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SalaryAD Product Management - EM07CE
The Small Commercial Product Manager has profit and growth responsibility for an assigned geographic region. They are ultimately responsible for creating and executing the local market strategy for their region, determining the key priorities for their geography.
We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.
The Small Commercial Product Manager has profit and growth responsibility for an assigned geographic region. They are ultimately responsible for creating and executing the local market strategy for their region, determining the key priorities for their geography.
The product manager is accountable for alignment across sales, underwriting, actuarial, and other key stakeholders in the organization around the local market strategy. The product manager is intimately involved in setting prices, designing product features, adjusting underwriting guidelines, along with direct input into underwriting practices, commission strategies, sales strategies, and other related areas of the business.
This role reports to a Product Director within the State Product Management team, with regular exposure to additional senior leaders in the organization.
This role will have a Hybrid work arrangement.
Responsibilities:
- Accountable for achieving / exceeding profit and growth targets in assigned markets
- Develop strategic vision and tactical plan that will profitably expand market share within assigned geography
- Work closely with sales, underwriting, actuarial, and other key business partners to develop and execute local market strategies, ensuring alignment and clarity of vision across the organization.
- Remain grounded in geography-specific data so that shifts in competitiveness and profitability are well anticipated
- Go beyond immediate state responsibilities to drive best practices and innovation across organization
Qualifications:
- A Bachelor’s Degree in a quantitative field of study such as Economics, Finance, Business Analytics, Statistics, or Mathematics is highly recommended.
- Masters in a quantitative field and/or MBA preferred, but not mandatory.
- Ideal candidate will possess insurance Product Management experience, or professional P&C insurance industry experience evaluating product, pricing, research and/or underwriting of at least five years.
- Effective communication skills paired with an ability to influence key business stakeholders.
- Strong technical skills. Ability to work with larger data sets and develop analytical insights.
- Solutions-oriented individual, with ability to think strategically and implement change.
- Ability to plan for the long-term while balancing the short-term needs of the organization.
- Exceptional analytical and critical thinking skills, with thorough attention to detail.
- Excellent organizational, documentation, and problem solving skills.
- Drive-for-results mentality, with ability to multi-task and make decisions in a business context.
- Ability to develop immediate credibility in unfamiliar environments; including agency partners, affinity prospects, regulators, senior leaders, and cross functional project teams.
- Ability to drive alignment between key business partners towards the common goal of profitable growth at a local market level.
- Negotiation skills to resolve differences while maintaining positive working relationships.
Compensation
The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford’s total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:
$99,760 - $149,640 Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
