General Summary:
The PL Product Development Portfolio Lead is responsible for effectively leading the PL Product Development portfolio. This Lead will drive Product Development execution from ideation to design. The role partners with Product Development leadership, senior business leaders, Actuarial, State Management, Underwriting, Claims, Marketing, Finance and to transform the business by driving strategic priorities that support profitable growth across the portfolio.
Leadership
· Actively contributes to execution of Product Development initiatives through collaborative leadership, conflict resolution, resource prioritization and roadmap planning.
· Lead discussions with business owners and senior stakeholders to define priorities, clarify goals, and support strategic decision making.
· Promote collaboration, alignment and change management across stakeholder groups through transparent communication of roadmaps, status, issues and risks.
· Serve as a change leader and role model through influence, credibility and continuous improvement.
Portfolio Management
· Serve as a trusted partner to Product Development leadership by aligning priorities, scope and resources with strategic objectives.
· Develop and maintain product roadmaps, dashboards and portfolio views that reflect strategic priorities and implementation timelines.
· Act as the central point of contact for Product Development initiatives, ensuring stakeholders remain informed regarding status, dependencies, priorities, and upcoming changes.
· Lead creation, evaluation and recommendation of new products and enhancements for assigned lines of business.
Communication
· Present product strategies, recommendations, roadmaps and implementation status to leadership and stakeholder groups, including executive audiences.
· Build and maintain strong relationships across Actuarial, Underwriting, Claims, Contact Center, Finance, Marketing and Business Process teams.
· Facilitate discussions to resolve concerns, gain consensus and communicate product changes to policyholders and internal staff.
Process Improvement and Risk/Issue Management
· Identify, assess and manage risks across product initiatives and implementation efforts.
· Conduct competitor and market research to identify opportunities and address consumer pain points.
· Drive continuous improvement by recommending process enhancements, prioritization changes and innovative solutions that support strategic objectives.
Required Qualifications
· Bachelor's degree or equivalent experience required; degree in Mathematics, Statistics, Actuarial Science, Data Analytics, Economics, Finance or related quantitative business discipline preferred.
· Minimum five years of experience in actuarial, insurance product analytics, product management or a related role with increasing responsibility.
· One to two years of successful experience in a Product Development role within the property and casualty insurance industry.
· Strong analytical, critical thinking, project leadership and problem-solving skills.
· Advanced Excel and database skills; proficiency with Microsoft Office applications.
· Excellent written, verbal and presentation communication skills.
Preferred Qualifications
· Demonstrated success leading insurance product enhancements from concept through implementation.
· Experience presenting recommendations to senior leadership and executive-level stakeholders.
· Knowledge of Personal Lines products, regulatory environments and market trends.
Legal Disclaimer: NJM is proud to be an equal opportunity employer. We are committed to attracting, retaining and promoting a diverse and inclusive workforce that is fully representative of the diversity that exists in the communities in which we do business.
NJM reserves the right at any time to amend, add or delete any aspect of the job description for this position based on business needs.
Compensation: Salary is commensurate with experience and credentials.
Pay Range: $146,108-$169,734Eligible full-time employees receive a competitive Total Rewards package, including but not limited to a 401(k) with employer match up to 8% and additional service-based contributions, Health, Dental, and Vision insurance, Life and Disability coverage, generous PTO, Paid Sick Leave, and paid parental leave in addition to state-mandated leave. Employees may also be eligible for discretionary bonuses.
Legal Disclaimer: NJM is proud to be an equal opportunity employer. We are committed to attracting, retaining and promoting a diverse and inclusive workforce that is fully representative of the diversity that exists in the communities in which we do business.
Skills Required
- Bachelor's degree or equivalent experience
- Degree in mathematics, statistics, actuarial science, data analytics, economics, finance, or a related quantitative business discipline
- At least five years of experience in actuarial, insurance product analytics, product management, or a related role with increasing responsibility
- One to two years of successful Product Development experience within the property and casualty insurance industry
- Strong analytical, critical thinking, project leadership, and problem-solving skills
- Advanced Excel and database skills
- Proficiency with Microsoft Office applications
- Excellent written, verbal, and presentation communication skills
- Successful leadership of insurance product enhancements from concept through implementation
- Experience presenting recommendations to senior leadership and executive-level stakeholders
- Knowledge of Personal Lines products, regulatory environments, and market trends
NJM Insurance Group Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about NJM Insurance Group and has not been reviewed or approved by NJM Insurance Group.
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Retirement Support — Retirement benefits include a 401(k) match with additional company contributions, materially boosting total compensation. This component is presented as a core element of the total rewards offering.
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Healthcare Strength — Health coverage offers multiple medical plan options plus dental and vision, complemented by company-paid basic life insurance and disability protection. Wellness resources and assistance programs further support overall health needs.
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Leave & Time Off Breadth — Time off includes a first-year PTO allotment paired with paid/floating holidays and state-based paid sick leave. Paid parental leave references and adoption assistance indicate breadth for various family situations.
NJM Insurance Group Insights
What We Do
NJM is among the Mid-Atlantic's leading property and casualty insurers. Founded in 1913, NJM's mission is to provide value-based insurance solutions to its policyholders with the highest levels of service, integrity, and financial stewardship. The Company operates in a mutual fashion for the exclusive benefit of its policyholders. Headquartered in West Trenton, NJ, with offices in Hammonton and Parsippany, NJM employs nearly 2,500 workers. - 2019-2023 Forbes Best In-state Employer (Ranked #11 out of 89 NJ employers in 2023) - 2018, 2019, 2020, 2021, certified by J.D. Power for providing "An Outstanding Auto Claims Experience" for personal lines customers* - 2018, 2019, & 2020 Clearsurance Customers’ Choice Top Ranked Insurance Companies - 2021 American Heart Association Gold Level Workplace Health Achievement - 2020 American Heart Association Silver Level Workplace Health Achievement - 2019 Forbes Best Mid-size Employers in the country *J.D. Power Auto Claims Certification Program℠ recognition is based on successful completion of an audit, exceeding a customer experience benchmark through a survey of recent claims servicing interactions, and a Financial Strength rating. For more information, visit jdpower.com.
