Senior Director I, Umbrella Product Management

Posted 9 Days Ago
Be an Early Applicant
4 Locations
Remote or Hybrid
156K-281K Annually
Senior level
Artificial Intelligence • Fintech • Insurance • Marketing Tech • Software • Analytics
Join us, and pursue your tomorrow, today.
The Role
Leads the Umbrella insurance line of business, owning profit and loss, product vision, strategy, growth, and profitability. Develops market, channel, underwriting, pricing, sales, service, and claims strategies; monitors competitors and industry changes; and collaborates across functions to improve product performance, compliance, and new business quality. Requires strong quantitative, leadership, communication, and organizational influence skills, with 10+ years of progressively responsible experience.
Summary Generated by Built In
Description
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.
Responsibilities:
• 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
Qualifications
  • 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

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.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
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://www.libertymutualgroup.com/about-lm/careers/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

$156,000.00 - 281,000.00

Skills Required

  • Highly developed quantitative analysis and problem-solving skills
  • Excellent leadership and communication skills
  • Proven ability to influence other leaders across an organization
  • 10+ years of progressively responsible work experience in an analytically driven environment
  • Previous experience in consulting or call center/customer service analytics in insurance or financial services
  • MBA or advanced degree in a quantitative field

What the Team is Saying

Natalie
Antonio
Tyler
Sandra
Kemi
Herman
Chase
Ethan
Sandra
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The Company
HQ: Boston, MA
40,000 Employees
Year Founded: 1912

What We Do

Liberty Mutual Insurance exists to help people embrace today and confidently pursue tomorrow. A Fortune 100 company and global leader in property and casualty insurance, we’ve spent over a century creating innovative products, services and technologies to meet the world’s ever-changing needs and make a difference for our customers and communities.

Why Work With Us

We offer the agility, work flexibility, project ownership and access to emerging tech you’d expect from a start-up — combined with the stability, resources and benefits that come from working at a leading Fortune 100 company. All in a welcoming, inclusive environment that values the unique insights, perspectives and backgrounds of each person.

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About our Teams

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Employees engage in a combination of remote and on-site work.

Typical time on-site: Flexible
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HQBoston, MA
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