General & Excess Liability Product Manager

IFG Companies


Date: 1 week ago
City: Chicago, IL
Salary: $140,000 - $150,000 / year
Contract type: Full time
IFG Companies

Job Brief


IFG has a new opportunity in our Product Management Team!





ABOUT IFG COMPANIES




IFG Companies, founded in 1985, is one of America’s largest privately held, property and casualty “ A ”- rated insurance groups in the United States. As a private company, IFG is focused on profitable growth through superior underwriting of a range of products and service to its producers and insureds.









LOCATION




IFG Companies is hiring in Arizona, Connecticut, Florida, Georgia, Illinois, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas and Virginia . Applicants must reside in one of these states to be hired . Remote and flexible work arrangements are provided to all employees based on manager approval.









SALARY RANGE




The expected salary range is $140,000 to $150,000 and subject to change at any time at the discretion of the Company.






POSITION SUMMARY / OBJECTIVE


Develop and design proprietary Commercial General Liability (CGL) and Excess Liability forms. Monitor, analyze and implement ISO products, regulatory and legal changes. Ensure successful implementation and consistent adherence with corporate goals, objectives and strategies by collaborating with peers, department heads and senior management. Develop and maintain CGL manuals and guidelines to ensure quality and consistency of underwriting standards. Serve as CGL and Excess subject matter expert on coverage intent for Claims, Underwriting, Internal Audit, and Compliance. Contribute to marketing activities designed to achieve profit and sale objectives on a countrywide multi-class basis.




POSITION RESPONSIBILITIES



  • Assume the role of gatekeeper for suggestions, ideas, directives and think-tank sessions at the corporate level, geared towards improving CGL and Excess product lines. Collect, review, investigate and document input provided across functional areas for consolidation into a single source document for discussion by decision making personnel.

  • Research potential new line of business products and make recommendations for management consideration. Implement into the drafting process as approved. Enhance and maintain existing CGL and Excess product lines. Collaborate with line of business on the drafting of policy forms, rates and rules. Create data entry exhibits for IS&T to assist with the implementation of new and existing products. Ensure that instructions are accurate and complete so that the policy issuance system performs as expected. Identify, recommend and implement process changes that may be required to support new products.

  • Update at the request of the line of business existing CGL and Excess product lines, with respect to underwriting, policy issuance and manual standpoint.

  • Intimate knowledge of the underwriting manuals in all operating states; access to various resource materials; and the deductive reasoning skills necessary to be able to locate the answer or direct the inquiry to appropriate resource.

  • Conduct training sessions for underwriting and/or claims staff on new: products, emerging issues, and regulatory changes, as needed. Develop training materials for agents for use in underwriting conferences or town hall meetings. Serve as subject matter expert on CGL and Excess for Underwriting, Claims, Internal Audit and Compliance.

  • Research, and analyze industry trends and emerging issues to support the development products, services and/or new programs (i.e. identify target business and industry and economic factors, monitor legislative changes and judicial decisions, etc.). Monitor industry and key competitor developments, and report significant and related events. Recognize opportunities to exploit and penetrate new markets.

  • Review and enhance existing IFG CGL and Excess products and develop new product lines to ensure quality, marketability and completeness. Outline suggested changes and the time and resources needed to complete the tasks. Assist Marketing in creating a product line corporate identity, creating as much consistency and uniformity as possible without jeopardizing creativity and marketability.

  • Assist with the filing and maintenance of state rates, rule and form filings for assigned products if any in conjunction with PMD V.P. Train PMD staff on all aspects of the product development process. Including but not limited to competitor research, policy analysis and drafting, FMS and ISO. Delegate responsibility for monitoring industry activities, presentations at Forms Committee Meetings, coordinating with Claims, LOB, IS&T, Legal and Actuarial.

  • Perform other tasks, duties and responsibilities as may be assigned.




KNOWLEDGE, SKILLS AND ABILITIES


· Excellent research skills, and the ability to pull data into a collective location to analyze it, determine the best solution for the company, and capsulize it into a concise, coherent proposal that can be discussed and acted upon at a higher level.





· Word processing, database management, spreadsheet and other electronic file creation skill sets are also essential for this position. This includes advanced knowledge of Microsoft Office 2000 (Word, Excel and PowerPoint) and ISO formatting.





· Exceptional deductive-reasoning abilities and a natural inclination towards researching topics to gain a higher level of understanding and competency.





· The cognitive skills to grasp concepts and ideas quickly, and take incomplete information and convert it into a finished product ready for review and discussion.





· Above average grammar, syntax and creative thought process skills, with heavy emphasis on documentation and program layout.





· The ability to prioritize work and meet deadlines.





· Experience in handling large volumes of varied assignments accurately and swiftly, with minimal supervision.





· Above average oral communication and people skills.





· The ability to work in a team-structured environment, meeting common goals, objectives and deadlines.





· A natural inclination to understand complex projects and their component pieces, and to share knowledge with others, both in the office and in the field.





· The ability to collect input from various sources; analyze it, refine it, consolidate it and present it to senior level management staff personnel in a format that will permit quick review and action.






EDUCATION / EXPERIENCE / CERTIFICATIONS


· 8+ years' experience in CGL and/or Excess underwriting, preferably at the Senior Underwriter level or higher.





· Possess one or more of the following: CPCU, ARM, AU or equivalent designation(s), or actively pursuing one or more of these insurance designations.






PHYSICAL DEMANDS


Physical demands are considered to be that of an office environment, climate controlled, with minimal physical exertion. This position requires prolonged sitting, ability to utilize a computer and interactions with others in meetings or via phone.





Travel as required by management.








BENEFITS




We offer a competitive compensation and benefits package including medical, dental, vision, 401(k), flexible spending, short-term and long-term disability insurance, life insurance, long-term care, education assistance and paid time off, including paid parental leave and a birthday holiday.









IFG Companies is an equal opportunity employer committed to a diverse workforce. M/F/D/V





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