Director, Product - Hartford, United States - The Hartford

The Hartford

Verified Company

Hartford, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Product Director - EM06KE

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.

Specific responsibilities include:

Review, draft and maintain the suite of policy forms and corresponding endorsement libraries within the area of expertise and assigned product responsibilities.
Provide recommendations to keep products current and appropriate for industry needs (competitiveness, profitability and compliance).
Work closely with senior leaders, including the Cyber Underwriting Officer, and stakeholders throughout the organization to develop and implement underwriting strategies across multiple distribution channels to achieve performance goals, and develop recommendations for improvement, as needed.
Work closely with the Cyber Underwriting Officer and organization stakeholders to manage relationships with third party vendors and integrate third party services in product strategy. Advance pricing and portfolio segmentation for portfolio analysis and shaping. Support underwriting on key business initiatives and maintain relationships throughout the organization to support multidisciplinary problem solving and execution and input across all levels of the business.
Continuously research the competitive landscape, economic, industry, product, actuarial trends, risk assessment and financial metrics to determine recommendations for new product/coverage opportunities and strategies.
Provide thought leadership in area of expertise, including drafting white papers and first alerts, and participating on industry panels.
Develop and maintain underwriting guidelines and underwriting authority. Provide internal and external training and collaborate with peers and UW community.
Develop insight into competitors' strengths, weaknesses and strategies and leverage to drive profitable business and increased market penetration.

Qualifications:

7+ years' experience within P & C Specialty Lines; focus and expertise in product & underwriting for Cyber strongly preferred
Superior understanding of Product Management & Product Development, inclusive of policy form development and interaction with actuaries and reinsurers.
Strong understanding of all aspects of underwriting execution
Ability to use data and analytics to understand and drive underwriting strategy
Understanding of financial concepts
Strong project management, negotiation, influencing, legal and analytical skills
Ability to absorb multidisciplinary input and translate into effective actions
Superior communication skills, both oral and written
Ability to collaborate to drive effective partnerships and deliver outcomes
Leadership and mentoring skills
Excellent verbal and written communication skills
Demonstrate a talent to motivate and inspire team employees and cross functional teams
Bachelor's degree strongly preferred

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:

$130,000 - $195,000

Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age