Product Director - EM06KE
AD Product Management - EM07CE
We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals - and to help others accomplish theirs, too. Join our team as we help shape the future.
This role will lead and support the development, management and communication of Middle Large Commercial Workers Compensation underwriting policies and procedures, guidelines, broad appetite, product, pricing, and processes for the Workers' Compensation line of business. Shape and deliver the execution of the Workers' Compensation product agenda and represent the Middle Large Commercial Market Segment in support of profitable growth initiatives.
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This role can have a Hybrid or Remote work arrangement. Candidates who live near one of our office locations will have the expectation of working in an office 3 days a week (Tuesday through Thursday). Candidates who do not live near an office will have a remote work arrangement, with the expectation of coming into an office as business needs arise.
Position can be filled at a Director or Assistant Director level depending on level of experience and qualifications.
Responsibilities:
Financial Performance
- Accountable for actions that support the execution of the targeted financial performance consistent with MLC business plans
- Lead portfolio management. Track and analyze portfolio/segment/risk/state results and provide recommendations to business units based upon portfolio results.
- Identify emerging trends and recommend improvements needed. Develop, lead and execute on a strategic roadmap to correct identified trends.
- Understand and execute on product changes (form, rate, and rule). Work in conjunction with actuarial on rate and pricing. Bring forward creative and innovative solutions to support business strategies
- Develop Underwriting Guidelines that support multiple business units
- Utilize analytical lens to advance pricing segmentation and risk tiering
- Ensure product compliance with legislative or regulatory changes to ensure LOB remains in full compliance with Filings, including Monitoring, make recommendations, and corrective actions --- include resolving open Compliance Action Plans (CAPs)
Competitive Intelligence
- Develop insight into competitors' strengths, weaknesses and strategies to leverage for profitable businesses and increased market penetration.
- Develop and maintain external distribution relationships for input and promote business initiatives, including but not limited to key agents and brokers, broker and industry subject matter experts, key insureds, service providers and analytics firms.
Relationship Management
- Works closely with senior leaders and business unit leads to develop and implement underwriting goals and strategies.
- Develop and maintain relationships with leaders across business and throughout HIG to support multi-disciplinary problem solving and execution
- Support underwriters, managers, and field leaders on key business initiatives.
Qualifications:
- 5 years minimum experience in Commercial P&C insurance industry required, loss sensitive workers' compensation experience preferred.
- Demonstrated competency in strategic thinking and leadership. Perceived as a leader, internally and externally, with subject matter expertise on assigned lines of business and industry classes.
- Operates as a self-starter and takes ownership of projects end-to-end with limited management engagement, driving accountability and ownership of results. Uses the RAPID process when warranted.
- Supports the building, training and motivation of a high performance team. Formally mentors and coaches other teammates as well as talent in the broader organization
- Exhibits strong analytical skills and aptitude for numerical and/or financial evaluation of business performance
- Ability to build strong relationships across an organization. Excellent communication skills and exhibits strong executive presence and professionalism when working with other leaders.
- Proven track record of setting goals and delivering results.
Compensation
The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:
$99,760 - $195,000
The posted salary range reflects our ability to hire at different position titles and levels depending on background and experience.
Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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