Palomar Holdings, Inc.

Compensation

Full Description

Title: Product Manager, Professional Lines Location: Remote (United States) Department: Product Management Job Description: We are Hiring! Product Manager, Professional Lines Location: Remote The Details: The Product Manager is responsible for overseeing the bottom-line profit and loss primarily for the Professional liability lines in conjunction with other key stakeholders. The Product Manager develops action plans that support strategic direction for these products. You will actively participate in the analysis, development, maintenance, and implementation of products and programs, including pricing, procedures, research, and policy forms to support Product Management leadership with the continued development of profitable growth. You will work closely with key stakeholders to support growth and profitability through the entire product lifecycle. What will you do: Analyze, evaluate, and develop recommendations and conclusions to influence profitability for multiple professional liability products in multiple states Execute and help design monitoring plans for new products and changes to existing products Ensure overall goals for production and underwriting profitability are met by analyzing key performance metrics such as premium growth, average rate levels, loss experience, and retention Initiate product strategies based on analysis of data with input from internal stakeholders, i.e. Actuarial, Claims, Marketing, Underwriting, etc. Understanding of the property and casualty insurance industry landscape, market trends, and customer and business need to synthesize insights into key product improvements and deliverables Work closely with Business Analysts to ensure proper execution of business requirements for assigned product lines, including new product launches, rate changes, and product enhancements Coach, develop, and mentor Product Analysts. May have direct people management responsibility. Demonstrate accuracy, thoroughness, and attention to detail at all times; look for ways to improve and promote quality; apply feedback to improve performance; monitor own work to ensure quality. Display original thinking and creativity while meeting challenges with resourcefulness; generate suggestions for improving work; utilize innovative approaches and ideas Exhibit excellent communication skills and build strong relationships. Presents ideas and information in a manner that gets others' attention. Pursue training and development opportunities; strive to continuously build knowledge and skills; share expertise with others. Volunteer readily and undertake self-development activities; seek increased responsibilities and take ownership of tasks at hand; take independent actions and calculated risks; take advantage of opportunities but asks for and offers help when needed. What we are looking for: Bachelor’s Degree in Actuarial Science, Business Management, Economics, Finance, Mathematics, or another analytics related field Minimum 5-7 years of relevant professional experience including previous working experience as a Product Manager or Jr/Asst Product Manager in Property and Casualty Insurance. Experience working with Commercial professional liability products required. Prior experience managing direct support staff preferred. Exhibits management and leadership skills. Solid understanding of regulatory filings and actuarial pricing/ratemaking techniques Strong understanding of insurance rates, rules and forms Strong problem solving, communication, and analytical skills Outstanding written/verbal communication, presentation. Highly organized, detail oriented, self-motivated, and be a self-starter in a fast-paced environment with demanding internal and external deadlines Excellent time management skills, with strong ability to juggle multiple priorities Proven ability to deliver quality results in a rigorous and dynamic business environment. Proficient in MS Excel. Power BI experience preferred. SQL or other programming experience with databases preferred. We love people who want to: Build strong relationships through transparency, trust, and respect for each other. Work in an agile environment, with a resilient mindset to find creative solutions to challenges. Collaborate and celebrate diverse perspectives, promoting inclusivity and equality. Do the right thing with strong conviction and integrity. Be bold and innovative to help make an impact. Demonstrable track record of working autonomously and driving progress Be intellectually curious, think creatively, and pragmatic What will you get in return? Full Suite of Medical Benefits Long Term Financial Incentives – STOCK! 401k with 3.5% Automatic Fully Vested Employer Contributions Competitive PTO + Holiday Program Lifestyle Spending Allowance Professional Development Assistance Career Exploration Opportunities Regular company-wide social events (even virtually!) Pay Range: $112,000 - $163,000 The above pay range is for all US-based roles based on function and level, benchmarked against companies of similar size and scope. To be compliant with local legislation as well as provide greater transparency to candidates, we disclose salary ranges on all job postings regardless of the desired job location. We also offer a competitive annual discretionary bonus program and the opportunity for annual long-term incentive stock grants. In addition, we offer a highly competitive benefits package. Final offer amounts are determined by multiple factors, including candidate experience and qualifications, and may vary from the amounts listed above