AVP Product Management

Role Overview

• Oversee all activities relative to product development.
• Collaborate with leadership and peers in the establishment of objectives and goals for the Product Development department.
• Develop and ensure the accomplishment of short and long-term goals and objectives for the assigned business unit.
• Oversee and participate in the planning, development and implementation of policies, procedures and initiatives to improve performance, resolve complex issues, maintain quality and monitor expenses.
• Develop and approve recommendations for enhancements.
• Work with Product Managers to execute all activities and enhancements.
• Maintain alignment with other product managers to ensure successful development of the entire product line for all regions/states.
• Ensure compliance and adherence to applicable regulations and corporate guidelines.
• Determine and implement the strategic positioning of Auto Club Group (ACG) products and services to meet member needs, build company revenues and meet corporate objectives within assigned states.
• Coordinate and direct the development, implementation and administration of programs and policies for specific property/casualty (P&C) insurance lines underwritten by ACIA and affiliates.
• Accountable for product premium volume growth and profit and loss results within assigned states.
• Identify, forecast, integrate and communicate market trends to develop pricing structures and rate revisions for assigned state(s).
• Develop and implement new/revised Property & Casualty products and programs.
• Keep executive manager current on actions and programs as appropriate.
• Participate in the development of marketing and sales programs for ACG personal lines products.
• Coordinate the development, analysis and presentation of information regarding competitors, product performance and general insurance and market issues.
• Act as a company representative in the interaction with independent insurance agents, vendors, insurers, trade associations, insurance bureaus, government agencies, etc.
• Monitor budgetary activities.
• Allocate and coordinate departmental resources, including personnel, and capital.
• Oversee the development and distribution of department communications and various manuals related to new or revised procedures.
• Establish positive working relationships with operations and corporate partners.
• Develop and maintain relationships with appropriate trade or technical business groups.
• Monitor and when necessary participate in the negotiation of contracts with vendors and service delivery partners.
• Maintain up-to-date knowledge of industry best practices relative to assigned business unit operations.
• Directly and/or indirectly, a staff of technical and professional personnel who may be distributed in one or more physical location.
• Manage the department process related to the selection, hiring, training, development, coaching, review and counseling of assigned staff.

Requirements

• Bachelor’s Degree in Business Administration, Liberal Arts or other field of study
• Extensive experience in all of the following areas:
• Management of product development and pricing activities
• Market planning including the development of annual objectives, strategies and programs for defined business segments
• Managing rate revisions including planning and implementing product/pricing changes
• Researching, developing or enhancing property/casualty insurance products
• Pricing new/current property/casualty insurance products
• Development of a comprehensive business case for new product initiatives or enhancements and present and champion to senior management
• Management of in-depth qualitative and quantitative analysis of the market and Property & Casualty insurance products
• Knowledge of:
• Current property/casualty insurance programs and products, underwriting rules and requirements, forms and processing procedures
• Regulations, policies and procedures of various regulatory agencies
• Marketing and research concepts and techniques
• Reinsurance principles
• Financial principles
• Demonstrated skills in/with:
• Managing a technical/professional staff
• Coordinating department activities
• Organization, planning and budgeting
• Analyzing, problem solving and decision making
• Development and coordination of projects

Benefits

• 401k Match
• Medical
• Dental
• Vision
• PTO
• Paid Holidays
• Tuition Reimbursement