Western National Insurance

Insurance Product Manager

Posted on Mar 13 Edina, MN

Western National is in search of a Product Manager to join our organization. This role will be responsible for leading product development and maintenance for assigned property & casualty insurance product lines. The Product Manager will work collaboratively with Data and Analytics, Actuarial Services, Underwriting and company leadership to identify and drive product initiatives.

The ideal candidate will have a strong background in Property and Casualty Insurance with a focus in either Personal Lines or Commercial Lines and demonstrated success in performance of the following:

Job Duties/Responsibilities

  • Monitor performance of assigned product lines to ensure company objectives are met; identify opportunities and threats to product performance and evaluate and recommend product coverage and pricing additions or modifications to address concerns.
  • Research industry and other trends to identify, evaluate and recommend new and modified product offerings; participate in implementation of approved initiatives.
  • Understand industry trends in the development and use of predictive models. Partner with actuaries and analysts to ensure models are effective and having anticipated impact after implementation.
  • Partner with pricing actuaries in rate review process; provide market, underwriting and analytics to influence pricing proposals.
  • Collaborate with underwriting and pricing to vet product, pricing and system recommendations; gain consensus and participate in implementation.
  • Build and maintain product models in policy administration system.
  • Oversee filing and implementation of products to ensure compliance with statutory and regulatory requirements.
  • Participate in the selection and implementation of appropriate tools and systems to support product
    development and management.
  • Work cross-functionally to develop and execute product management methodologies, governance, guidelines and standards.

Job Requirements and Qualifications

  • 3+ years of property & casualty product management.
  • Detailed understanding of coverage and structure of property / casualty insurance products in personal and /or commercial lines.
  • Demonstrated ability to influence others at all levels on key decisions and direction.
  • Proven ability to foster a collaborative and productive environment across the organization.
  • Intermediate experience in MS Excel and Tableau software.
  • Experience maintaining products in policy administration systems.
  • Working knowledge of regulatory requirements.
  • 4-year degree in relevant field preferred.
  • Insurance certifications (CPCU) are preferred.

Western National Insurance is a growing, A+ rated (A.M. Best) group of property-and-casualty insurance companies serving individuals, families, and businesses in 20 states across the Midwestern and Western U.S. plus Alaska. Currently ranked as the 57th largest private company by revenue in Minnesota (Minneapolis-St. Paul Business Journal), Western National has consistently earned accolades as an employer of choice, including as a Star Tribune Top Workplace (2011 – 2016), and previously as a recipient of the Minnesota Business Ethics Award, as a Minnesota Business Magazine Top 100 Workplace, as a Principal Financial "10 Best" Company, and as a finalist for the Alfred P.
Sloan "When Work Works" Award.

Western National is known as "The Relationship Company®", and caring for employees is a key part of that relationship commitment. Western National offers competitive pay, advancement opportunities, a generous benefits package, a robust wellbeing program, and a healthy work/life balance (including three weeks of paid time off, nine paid holidays, and eight hours of paid volunteer time as a starting point for new employees). These attributes are just some of the reasons why nearly half of our employees choose to stay on the Western National team for 10 years or more.
Our benefits package includes:

  • 401(k) company match
  • Medical insurance – We offer affordable (thanks to a strong employer subsidy), above-average coverage and the choice of either a traditional Preferred Provider Organization (PPO) option OR a High-Deductible Health Plan (HDHP) option
  • Western Wellbeing program – Including on-site massage, yoga classes, healthy snack days, sit/stand workstations, nutrition seminars, and more
  • 100% company-paid tuition reimbursement for approved, job-relevant coursework
  • Discounts on automobile and homeowner's insurance
  • Other standard employee benefits – Including dental insurance, vision benefits, life insurance, disability insurance, and more

We could continue to list the things that we think make Western National a great place to work, but why not hear it instead from actual current and former employees? Here are some quotes that Western National employees have posted to the Glassdoor public review site:

  • "Excellent company which prioritizes customer service and community service."
  • "Just a great place to come to work, and stay for a career. I love the personal touch from [the] executive suite on down. [The] CEO is on a first-name basis with everyone."
  • "Above-average benefits, especially on the health insurance front."
  • "I have felt welcomed here and I feel like the Senior Management cares."

(For more reviews from current and former Western National employees, you can visit the company's Glassdoor page here: http://bit.ly/2qXtl4A.)

***Western National is an equal opportunity employer. All qualified applicants will receive consideration for employment.***