Product Manager - Personal Lines Auto Underwriting

  • Jersey City, NJ, USA
  • Employees can work remotely
  • Full-time
  • Verisk Business: ISO

Company Description

ISO, a Verisk business, has been a leading source of information about property/casualty insurance risk since 1971. For a broad spectrum of commercial and personal lines of insurance, ISO provides statistical, actuarial, underwriting, and claims information and analytics; compliance and fraud identification tools; policy language; information about specific locations; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. To learn more about ISO please visit us at:  www.verisk.com/iso. We are proud to be a part of the Verisk family of companies! 

At the heart of what we do is help clients manage risk. Verisk (Nasdaq: VRSK) provides data and insights to our customers in insurance, energy and the financial services markets so they can make faster and more informed decisions.   

Our global team uses AI, machine learning, automation, and other emerging technologies to collect and analyze billions of records. We provide advanced decision-support to prevent credit, lending, and cyber risks. In addition, we monitor and advise companies on complex global matters such as climate change, catastrophes, and geopolitical issues.  

But why we do our work is what sets us apart. It stems from a commitment to making the world better, safer and stronger.  

It’s the reason Verisk is part of the UN Global Compact sustainability initiative. It’s why we made a commitment to balancing 100 percent of our carbon emissions. It’s the aim of our “returnship” program for experienced professionals rejoining the workforce after time away. And, it’s what drives our annual Innovation Day, where we identify our next first-to-market innovations to solve our customers’ problems.   

At its core, Verisk uses data to minimize risk and maximize value. But far bigger, is why we do what we do. 

At Verisk you can build an exciting career with meaningful work; create positive and lasting impact on business; and find the support, coaching, and training you need to advance your career. We have received the Great Place to Work® Certification for the fourth consecutive year. We’ve been recognized by Forbes as a World’s Best Employer and a Best Employer for Women, testaments to our culture of engagement and the value we place on an inclusive and diverse workforce. 

Job Description

  • Product Management - Manages assigned P&C Auto underwriting product(s).  This includes developing strategy, pricing, contract structures, packaging and bundling, and enhancement opportunities. The PM will be responsible for developing client materials, user guides, and training documents. The PM will also be responsible for developing relevant and detailed reports to understand and manage sales, revenue growth, and customer level results. 

  • Product Development - Responsible for developing and maintaining a steady pipeline of new products and existing product enhancements related to assigned product groups. 

  • Sales Support - Supports the Sales organization with product materials, training, meeting support (SME), proposals, insights, customer conference management, competitive information, etc.  The PM will also be involved with helping with new client testing and onboarding.  This will vary from customer to customer working closely with the Operations team.

  • Sales Support - Supports the Sales organization with product materials, training, meeting support (SME), proposals, insights, customer conference management, competitive information, etc.  The PM will also be involved with helping with new client testing and onboarding.  This will vary from customer to customer working closely with the Operations team.

Assigned product (including advanced vehicle technologies (ADAS, Autonomous Vehicles), Vehicle and Driver data underwriting solutions, fraud and rate integrity solutions, etc.) task list: 

  • Increasing year over year revenue

  • P&L management – support finance budget and forecasting processes (data costs), conduct cost benefit analyses on strategic initiatives

  • Oversee financial performance of products - complete duties such as pipeline management and revenue forecasting 

  • Work with sales team to provide customer meeting support

  • Produce proposals, RFPs, customer presentations and pricing models

  • Devise product enhancements in line with revenue growth strategy

  • Identify and manage strategic growth initiatives (e.g. third-party system integration)

  • Partner with Marketing on messaging, collateral development, campaigns

  • Partner with Operations on customer proof of concept tests, messaging, and presentation of results

  • Partner with Account Management on growth opportunities with existing customers

  • Provide new customer implementation support

  • Provide product training for new hires and Sales employee

  • Work with Operations and Development on enhancements to customer-facing solutions

  • Partner with Government Relations to stay on top of regulatory activities and communicate relevant information to the Sales organization and customers

  • Listen and respond to Voice of the Customer

 

Qualifications

  • 6-8 years P&C Auto insurance experience with demonstrated track record in underwriting or product management within an insurance company, industry support vendor, or related. 
  • Bachelor’s degree in Marketing, Business Administration, Actuarial and Data Sciences, Risk Management, or related discipline.  Advanced degree or insurance designations (e.g. CPCU) desired. 
  • Strong familiarity with P&C Auto insurance markets, to include underwriting practices, risk data, rating processes and variables, rate integrity/rate fraud programs, emerging technologies including ADAS and Autonomous Vehicles, and Verisk and competitor products. 
  • Strong analytic aptitude required.  Must be able to assess and address complex business problems as well as understand detailed customer workflows in order to identify business opportunities for Verisk solutions across the organization.  
  • Highly motivated with the ability to work in a fast paced, dynamic, revenue generating environment.
  • Strong oral and written communication skills and professional demeanor.  Must be able to communicate on a business and technical level with all levels of management, including Senior Executives.
  • Sales & solution minded
  • Experience with gathering and assessing competitive intelligence. 
  • Ability to travel periodically (e.g. 25% of the time) to Verisk offices, customers, business partners, and industry events.

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Additional Information

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability.

http://www.verisk.com/careers.html

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