📁
Product Development & Management
💼
Ohio Farmers Insurance Co
📅
200000AU Requisition #

Build your future, while protecting theirs.

You will be challenged. Rewarded. And valued for your unique experience, background and perspective.  Join a team where hard work pays off and original thinking is celebrated. As you build your future at Westfield, you will quickly learn that protecting our customer’s future is at the heart of what we do. We deliver on our promise to help restore lives and rebuild businesses when the unexpected happens. Building relationships has been part of our culture since 1848.

Be a part of a team that recognizes and appreciates those who take initiative, seek opportunity, and strive for innovation in a changing world. Westfield’s IT organization is focused on enabling the company’s strategic priorities in collaboration with our business partners.  We continue to transform and evolve with the business as we deliver new solutions to meet their needs.  We leverage a mix of building new solutions using trailblazing new technologies and integration with top industry software products.  Our innovative work is made possible by the stability of a company with a 170+ year history.

CL Product Development Manager Job Summary

Salary Range: $108,454 – $140,991

Location:  Westfield Center, OH or other remote work locations around the United States

 

The Commercial Lines (CL) Product Development Manager is the owner, leader and internal Westfield advocate for specific commercial line(s) of business and sectors. The CL Product Development Manager is responsible for optimizing insurance products and functions as the corporate underwriting expert for a specific line(s) of business.  Manages a specific line of business and provides strategic direction of the line through experience with, knowledge and understanding of loss trends, emerging issues and exposure analyses. The CL Product Development Manager advises underwriting on policy construction, and drives successful implementation of product changes through collaboration with Business Units, IT, and Commercial Actuary.

 

 

Essential Functions (primary functions and/or reasons the job exists in order of importance)

1. Owns, leads and serves as an internal advocate for specific commercial line(s) of business and sectors. Optimizes insurance products and functions as the corporate underwriting expert for a specific line(s) of business. 

2. Provides strategic direction for the line by leveraging knowledge and experience understanding loss trends, emerging issues and product analyses.  Leads research initiatives for new products and makes recommendations for long term strategy and vision for growth and profit.

3. Serves as the company’s subject matter expert for a specific line of commercial business and assigned sectors. 

4. Consults with underwriters on specific risks providing direction and expertise related to underwriting, exposures, and policy language.

5. Proactively monitors line of business operating performance for commercial lines. 

a. Collaborates with CUO Quality Assurance, Actuarial, and Business leaders to research plan variances, analyze loss trends, ensure adherence to sector / underwriting guidelines, and monitor other metrics (e.g. pricing trends, large losses).  

b. Proactively identifies and recommends solutions to improve the health of specific lines of business. 

6. Monitors competitive landscape to understand external forces and trends.  Direct and reviews market research provided by Product Development Analysts.  Recommends and directs product changes in alignment with strategic direction for the line of business.

7. Responsible for input and execution of product portfolio plan by managing and implementing objectives as outlined in plan.

8. Oversees and serves as project manager for new product implementation, working closely with Product Delivery Analyst, Actuarial, IT and Underwriting as part of the product development lifecycle. Delegates tasks to develop team members and motivates them to ensure timely completion of key deliverables.  Manages relationships with individuals outside of the department to ensure product alignment across the enterprise.

9. Develops underwriting standards and guidelines, drafts policy language, updates underwriting manuals and makes recommendations for authority related changes as part of the line management process.

10. Leads and/or serves as a subject matter expert in Line of Business Practice groups, to move forward initiatives for the LOB companywide.

11. Conducts technical and product training for both internal business units and external business partners and customers.

12. Develops proposals, project plans, leads key activities, and is the subject matter expert related to the detailed design and implementation of product development initiatives, including product enhancements, launches or discontinuations.

13. Participates in the ratemaking process and provides loss information, trends in underwriting decisions, and market information to support decisions for specific line of business.

14. Travels occasionally to attend conferences, educational seminars and training, and/or travel between office locations.

 

 

Desired Qualifications/Experience/Certification/Education (in order of importance)

1. 10+ years of experience in commercial lines underwriting, product management, risk management, and/or claims.

2. Experience contributing to strategy development and understanding the impact and implications of decisions on other areas of the organization through previous projects and work experiences.  

3. Experience managing projects of various sizes including developing business requirements, delegating tasks, coaching others, and ensuring projects are completed on-time and within budget.

4. Experience tactfully and persuasively handling conflict.

5. Demonstrates solid oral, written, and interpersonal skills, including facilitation and group presentation skills.

6. Experience managing one or more significant change efforts in a business environment.

7. Experience interrupting insurance financial metrics.

8. Strong knowledge and experience using Microsoft Excel, Word, PowerPoint and Outlook.

9. Industry designation (e.g., CPCU, CIC, CRM) desired.

10. Bachelor’s degree in Business or Risk Management or commensurate experience.

11. Valid driver’s license and a driving record that conforms to company standards.

 

 

Physical Requirements (specific to the role) 

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. 

• Ability to work effectively in an office environment for 40+ hours per week (including sitting, standing and working on a computer for extended periods of time).

• Ability to communicate effectively in a collaborative work environment utilizing various technologies such as:  telephone, computer, web, voice, teleconferencing, e-mail, etc.

• Ability to travel as required.

 

 

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

 

 

We are an equal opportunity employer/minority/female/disability/protected veteran.

 

#LI-AF1

Applications for positions posted on Westfield Careers must be filed on-line through the Westfield Careers portal.  If you are a disabled person who requires a reasonable accommodation to complete an online application, please contact HR Assist by email at hrassist@westfieldgrp.com.


We are an equal opportunity employer/minority/female/disability/protected veteran.

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