Product Manager

Who We AreElectric Insurance Company is a dynamic property and casualty insurer headquartered in Beverly, MA, in the heart of greater Boston's beautiful North Shore.  We are a full service direct writer licensed in 50 states, with over $1 billion in assets and over $400 million in written premium, writing in both commercial and personal lines of insurance.  Our rich heritage dates back to 1927, initially established as a Commercial Lines insurance partner for General Electric, and since our inception, we have further developed our affiliation with GE and its subsidiary companies to include both a broader line of Commercial products and a variety of Personal Lines offerings for both GE employees and qualified referrals.  More recently, we have expanded our Personal Lines distribution to include qualified applicants from the general public, via established direct-to-consumer (Internet, Phone) and Independent Agency channels.  In fact, today, more than half of our policyholders have no formal ties to GE.Electric Insurance Company offers an outstanding and comprehensive benefits package that includes the following: Medical, Dental, and Vision care coverage 401K and pension plan Flexible spending accounts Tuition reimbursement Discounts on Auto and Home insuranceSummary Established insurance carrier is seeking a Product Manager to aggressively pursue growth opportunities in the personal lines insurance market.  This highly visible position will have primary responsibility for profitability, competitive advantage, and product management.  This role will require an extensive Personal Lines technical background to drive Electric towards the most profitable customers in particular states. Major Responsibilities Include: · Profit and Growth strategy for a current auto and home book in specified territory. · Creating state management structure to proactively analyze, recommend and implement pricing, underwriting and marketing changes necessary to meet overall company profitability and growth objectives.· Design and execute a profit and growth plan for specified territory; plan includes strategy and measures needed to meet the plan.· Lead analytical team for specified territory· Serve as a project leader for handling broad issues and projects of strategic importance · Successfully coordinate process/product improvement initiatives through rigorous metrics management and project management· Develop and maintain strong working relationships with the Systems, Actuarial, Sales, Claims and Regulatory Departments.· Manage regulatory environments and resolve regulatory issues. Qualified candidates will possess:· 7+ years insurance experience with good knowledge of Personal Lines state level tactics and strategy· Superior analytical skills· Ability to create, present and direct company strategic initiatives· Ability to analyze, develop and manage strategies to penetrate new markets · Familiarity and understanding of pricing indication process · Excellent communication skills especially in crisp analytical presentations recommending action· 1+ Years Product Management Experience with P&L responsibilities· Ability to effectively utilize data and systems tools available· Experience with, involuntary, ERP, and “take-all-comers” states a plus · BS/BA is required; MBA a plus· Direct and Agency writer experience a plus·  CPCU or other industry designations are a plus Job Title: Product Manager Company: Electric Insurance Company Location: BEVERLY, MA 01915 Status: Full Time, Employee Job Category: Business/Strategic Management Relevant Work Experience: 7+ to 10 Years Career Level: Manager (Manager/Supervisor of Staff) Education Level: Bachelor's Degree Company: Electric Insurance Company Email: Apply by Email Address: 75 Sam Fonzo DriveBeverly,MA 01915 Phone: 800-227-2757 Fax: 978-236-5065 Reference Code: Product Manager