Description
A major global Insurer is looking for a Product Manager. The Product Manager will join an expanding Commercial Underwriting Insurance business area and will need to have extensive commercial insurance experience and exposure. The successful candidate will be responsible for delivering the design, specification, development, deployment and management of market leading commercial insurance products.
Essential Responsibilities
*Build and maintain products and specifications across multiple distribution channels.
*Produce and maintain policy wordings and rating/underwriting/training guides
*Review rating through portfolio monitoring and market feedback
*To monitor competitor and legislative/regulatory developments and recommend/deploy appropriate actions
*Ensure pricing and underwriting integrity
*Facilitate sharing of knowledge and good practices across the team and beyond
*Development of maintenance of off-line rate calculator solutions - liaise with users to resolve issues
Essential Knowledge & Experience:
*Minimum 5 years UK Commercial underwriting experience
*Thorough knowledge of policy wordings and endorsement design and construction
*Legislative & Regulatory awareness eg ELTO, FSA, DPA
*Financial and Actuarial awareness eg component pricing
*A thorough understanding of commercial insurance E-commerce systems and software houses
*Minimum underwriting authority guide requirements:
*Property = £10,000,000 sum insured, Public/Products Liability = £10,000,000 limit of indemnity
Aston Carter Ltd is acting as an Employment Business in relation to this vacancy.