Insurance · 38k people
Senior Director I, Umbrella Product Management
Posted 20 Oct
What’s this role about? The Senior Director is accountable for the profit and loss performance and long-term strategy of the Umbrella line of business. They will integrate sales, service, underwriting, pricing, and claims functions to drive growth and ensure market competitiveness.
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Company
About Liberty Mutual Insurance At Liberty Mutual, we believe progress happens when people feel secure. For more than 110 years we have helped people and businesses embrace today and confidently pursue tomorrow by providing protection for the unexpected and delivering it with care. A Fortune 100 company with more than 40,000 employees in 28 countries and economies, we are the ninth largest global property and casualty insurer and generate more than $50 billion in annual consolidated revenue. We operate through three strategic business units: US Retail Markets, providing auto, home, renters and other personal and small commercial lines property and casualty insurance to individuals and small businesses countrywide; Global Risk Solutions, delivering a full range of comprehensive commercial and specialty insurance, reinsurance and surety solutions to mid-size and large businesses worldwide; and Liberty Mutual Investments, deploying more than $100 billion of long-term capital globally across its integrated platform to drive economic growth, power innovation and secure Liberty Mutual’s promises. For more information, visit www.libertymutualinsurance.com.
Responsibilities
- Come join the Specialty Product leadership team! Our team is focused on achieving profitable growth for USRM by building innovative products that meet evolving customer and agent needs. We are the profit and loss owners for the Specialty portfolio and strive to innovate, influence, and collaborate with every part of the business and regulators to help USRM reach its profitability and growth goals. We're seeking a Senior Director I, Product Management to oversee the P&L and long-term success of our Umbrella line of business. The Umbrella line is on a journey to overhaul our product to position us for long-term profitable growth.
- Directly accountable for Umbrella profit and loss, including performance against plan.
- Creates vision and strategy for Umbrella LOB including but not limited to target market, channel strategy and product features needed to attract customers.
- Establishes objectives for Umbrella in terms of growth and profitability.
- Develops, reviews, and implements strategies through the integration of the sales, service, underwriting, pricing and claims functions.
- Collaborates within Product and other functional departments to maximize effectiveness of programs while maintaining compliance.
- Monitors the market place and identifies competitor and industry changes impacting effectiveness or compliance of current programs.
- Examines all relevant data and works with the appropriate teams to implement changes in pricing position, underwriting standards, sales growth, and claims handling.
- Works with the various distribution channels across states to develop new business volume and quality standards and objectives, and to monitor the quality of new business sales results
Qualification
- Highly developed quantitative analysis and problem-solving skills
- Excellent leadership and communication skills
- Proven ability to influence other leaders across an organization 10+ years progressively responsible work experience in an analytically driven environment
- Previous experience in consulting or call center / customer service analytics in insurance or financial services preferred but not required
- MBA or advanced degree in quantitative field preferred but not required
Benefits
- Flexible Time Off
- Professional Development Opportunities
- Employee Resource Groups
- Comprehensive Benefits
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