AVP - Product Management

UFG is seeking an AVP of Product Management to join the team who will be responsible for the strategic leadership and direction of UFG’s product management function. This role is responsible for overseeing the development, enhancement, and lifecycle management of insurance products ensuring alignment with the company’s objectives and regulatory requirements.  The position collaborates with senior leadership to drive profitable growth and deliver innovative solutions that meet market needs

Responsibilities:

Strategy

• Lead the development and execution of product strategies that support business growth, profitability, and competitive positioning.
• Oversee the product lifecycle, including ideation, design, regulatory filings, launch and ongoing management.
• Conduct research on commercial products and markets to help make policy and practice decisions.
• Collaborate cross-functionally with Underwriting, Finance, Legal, Compliance, IT, Field Enablement, Underwriting Support and other business areas to ensure product initiatives are aligned and effectively executed.
• Create consistency by state/product to support speed to market.
• Validate and confirm effective technology implementation of rate changes and other enhancements.
• Determine project priorities and workflow standards for the product management teams.
• Monitor and manage performance measures to ensure effectiveness and accuracy of the department's implementation and delivery of new products and product enhancements.
• Function as an expert on internal and external factors that influence product line results.
• Build and maintain strong relationships with internal and external stakeholders, including regulatory bodies.

Management and Leadership

• Manage and development a team of product analysts and filing analysts, providing guidance, coaching and performance feedback.
• Oversee the hiring, training and professional development of team members to ensure a high degree of competency, professionalism, and execution.
• Ensure effective collaboration with business analysts – either as direct reports or as key partners in the building of requirements and UAT – to deliver high-quality product solutions.
• Monitor team workloads and adjust assignments to meet deadlines and service standards.
• Serve as a subject matter expert on product management processes, regulatory requirements, and market trends.
• Act as a go to resource for product related issues and decisions.

Qualifications:

Education:

•  Bachelor’s degree in insurance, actuarial science, mathematics, risk management, economics, finance, accounting, business administration or other related fields.
•  MBA or similar post-graduate degree preferred.
•  Insurance licenses or designations such as AU, CPCU and/or ARM preferred.

Experience:

• 8+ years of property and casualty underwriting, product management experience. Experience with commercial lines is strongly preferred.  
•  4+ years of product management and management experience.

Knowledge, skills & abilities:

•  Demonstrated leadership skills with the ability to motivate, develop, and manage a high performing team.
• Advanced knowledge of ISO and NCCI commercial insurance products, markets, and regulatory environment.
• Excellent analytical skills with the ability to interpret data, identify trends, and make informed recommendations.
• Strong communication skills, both written and verbal, with the ability to convey complex information clearly and concisely.
• High emotional intelligence and the ability to lead by example.
• Proven ability to collaborate effectively across functions and with external partners.
• In-depth knowledge of analytical tools, expert level knowledge of core business functions, underwriting policies and best practices, performance measurement techniques, and systems required.
• Strong problem-solving and decision-making skills.
• Excellent project management skills necessary.
• Proficiency in product management methodologies and process improvement.
• Familiarity with related commercial insurance functions such as underwriting, premium audit, and marketing is preferred.

Working Conditions:

• General office conditions not subject to adverse environmental conditions. This role requires constant computer and phone usage for up to 8 hours per day.
• Occasional travel is required to home office and industry conferences.

Disclaimer:

The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this job. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and skills required. Additional task and requirements may be assigned, as necessitated by business need. UFG retains the right to modify the description of this job at any time.

Pay Transparency Statement

UFG Insurance is committed fair and equitable compensation practices. The estimated base salary range for this officer-level position is [$154,000.00 - $204,000.00 annually]. Actual compensation will be determined based on a variety of factors, including the scope and responsibilities of the role, individual qualifications and experience, internal equity, and market data.

In addition to base salary, UFG Insurance offers a comprehensive total rewards package that includes:

· Annual incentive compensation

· Medical, dental, vision & life insurance

· Accident, critical illness & short-term disability insurance

· Retirement plans with employer contributions

· Generous time-off program

· Programs designed to support the employee well-being and financial security.

Officer-level employees may also be eligible for additional compensation components, including performance-based incentives, long-term incentive plans, and participation in executive benefit programs.

This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.