Senior Product Manager, Financial Lines at Liberty Mutual Insurance

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

23 Dec, 25

Salary

0.0

Posted On

24 Sep, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Product Development, Underwriting, Coverage Training, Guideline Creation, Filing Strategy, Objection Handling, Producer Engagement, Analytical Ability, Communication Skills, Leadership Skills, Strategic Thinking, Problem-Solving Skills, Negotiating Skills, Coaching Skills, Mentoring Skills, Decision-Making Skills

Industry

Insurance

Description

Description The Senior Product Manager Financial Lines will be responsible for Product Development, Maintenance, Drafting (subject to Claim and Legal Review), Coverage Training, Guideline Creation, Filing Strategy/Objection Handling, and Producer Engagement for multiple Financial Lines Products with a focus on Management and Professional Liability lines for Financial Institutions. The Senior Product Manager will: Manage all phases of the Product Development lifecycle for assigned products on behalf of the profit center from product design to drafting, internal review, filing, training, guidance, and system deployment; Build efficient workflows, underwriting, and coverage guidance, for assigned products to position the book for the optimal portfolio mix of business; Ensure connectivity with the claim and actuarial teams to effectuate the model profit center for real time feedback loops and agility; Responsibilities: Maintain our competitive edge by reviewing competitor filings, responding to new coverage offerings, and equipping our underwriters with saleable talking points around the benefits of coverage from Liberty Mutual Financial Lines; Support large deal/account transactions in coverage negotiations, providing tailored solutions to unique coverage requests, and clearly articulating our intent; Enable producer panels through efficiently and effectively providing market leading coverage provisions that strengthen our brand, market presence, and market share; Participate in and represent the profit center in global risk management initiatives including emerging risk committees and coordinating global offerings; Drive retirement of older products that no longer need to be supported; Create coverage content for both internal and external consumption demonstrating thought leadership at Liberty Mutual; and Manage producer requests to use proprietary products in their distribution channels, providing thoughtful coverage leadership where mutually beneficial to Liberty and our distributors. Qualifications Degree in Business or equivalent typically required A minimum of 10 years progressive underwriting experience expected, including a minimum of 4 years of proven underwriting management experience, preferred CPCU or professional insurance designation preferred Proven analytical ability to evaluate high impact underwriting risks within scope of responsibility Demonstrated expert-level ability to communicate complex analyses and information Demonstrated effective communication and interpersonal skills in dealing with internal and external partners required Must possess the following skills, abilities and attributes: strong leadership skills, development of people, strategic thinking, sustained effective portfolio management and profitable growth, communications skills, decision-making skills, results-oriented, industrious, innovative, problem-solving skills, coaching and mentoring skills, and negotiating skills About Us Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role. As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally. At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow. We are dedicated to fostering an inclusive environment where employees from all backgrounds can build long and meaningful careers. By actively seeking employee feedback and amplifying the voices of our seven Employee Resource Groups (ERGs), which are open to all, we create an environment where every individual can make a meaningful impact so we continue to meet the evolving needs of our customers. We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law. Fair Chance Notices California Los Angeles Incorporated Los Angeles Unincorporated Philadelphia San Francisco

Responsibilities

The Senior Product Manager will manage all phases of the Product Development lifecycle for assigned products, focusing on Management and Professional Liability lines for Financial Institutions. Responsibilities include maintaining competitive edge through competitor analysis, supporting large transactions, and creating coverage content for internal and external use.