Product Management Director

Our client is seeking a Product Management Director to handle the strategy and delivery of new products for the organization. The Product Management Director to establish and lead the product management discipline to ensure product development aligns with business strategy and meets customer needs as well as with the company’s mission, vision, and values. This product management leader has a strong understanding of market trends, customer needs and competition. This role will collaborate with other key areas of the organization in product requirements and enhancements as well as develop the governance framework to consistently measure, evaluate and report on product performance. 

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Company



Industry :
Insurance (Life, Health, & Annuity)
Location :
Midwest (Relocation Provided)
Company size :
1,000-5,000 Employees
Website :
https://www.browndavisco.com

Founded over 130+ years ago, the company is an $11+ billion (assets) insurance and financial services company providing life, health, and annuity solutions to over 700,000 members. The company currently markets its products through a career agency channel, primarily in the southeast United States and plans to expand through independent and alternative distribution channels. The company is driven by it’s passion to give back, serve others, care for the communities and country it operates in, and provide an inclusive and collaborative culture to accel its employees’ careers.

Financial Strength Rating by AM Best: A+ (Superior)

Position



Responsibilities
  • Makes overall decisions regarding the planning and success of product implementation, launch and rollout. 
  • Performs research and evaluates market trends and understands the competitive landscape and needs in the markets.
  • Works closely with Sales, Actuary and Underwriting teams to develop product roadmap and help drive strategy for new products. 
  • Works closely with Sales, Underwriting and Actuary teams to develop business cases for new products or enhancements/changes to existing products. 
  • Works closely with Sales, Actuary, Underwriting, Accounting and Compliance areas to define the high-level requirements for new products and enhancements.
  • Coordinates involvement of Core Operations, Business Technology, Sales, Actuary and Compliance in the requirements gathering and preparing to launch the product.
  • Works with business system analysts and architects so they can develop detailed requirements for the agile teams. 
  • Works closely with Compliance on filings and approvals for new product launches, including the application, contract, actuarial memos, and other items. 
  • Supports product rollout across distribution channels  
  • Understands project management and agile frameworks used during product implementation. 
  • Understands how to develop and manage third-party partnerships that may be needed to support a new product or feature.

 

Qualifications
  • 5+ years of demonstrated experience working in insurance product development or mangement roles with a thorough understanding of life and health insurance customers, markets, and competitors.
  • Ability to lead projects that introduce significant change to the organization, taking from ideation to implementation and execution. 
  • Experience with developing and managing business cases, cost-benefit analysis, stakeholder communications, and strategic/product roadmaps.
  • Bachelor’s Degree Required.
  • Product development and management experience and related product management designations.
  • Knowledge and experience of life insurance markets, products, pricing, and regulatory requirements are highly desired.
  • Experience with multi-product lines (life insurance, annuities, etc.)
  • Understands project management and agile frameworks used during product implementation. 
  • Understands how to develop and manage third-party partnerships that may be needed to support a new product or feature.

 

Contacts

Shawn Davis

Managing Partner & Executive Recruiter

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Michael Brown

Managing Partner & Co-Founder

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Interested? Get In Touch.

Shawn Davis

Managing Partner & Executive Recruiter

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Michael Brown

Managing Partner & Co-Founder

View Profile Get In Touch