Business Product Manager

Ryan Specialty Group

Chicago, IL

Full Time

Mid Level

120k-150k

30 days ago

Job Description

About the Role

The Business Product Manager will assist in developing strategies and implementation plans to improve and standardize all aspects of the program. A person in this role will ensure that operational and underwriting processes stay within agreed upon budgets and timelines. This person will oversee production and performance of underwriters within a specific discipline, cultivate carrier relationships, and develop underwriting guidelines, coverage forms, and applications specific to their segment. The role is integral to driving product growth, profitability, and industry trend awareness within the organization.

Key Responsibilities

Develop underwriting criteria for specialized segments of business.
Drive countrywide product growth and profitability for assigned lines of business.
Proactively identify, evaluate, and recommend new product opportunities for assigned lines of business.
Lead implementation of new products and enhancements to existing products.
Develop both short and long-term project roadmaps for each product.
Stay current on industry developments and trends as well as the regulatory environments.
Create specialized forms.
Engage in carrier relationships.
Perform underwriting audits.
Monitor claims and program loss ratios.
Manage underwriters.
Perform special projects as needed.
Other relevant duties as assigned.

Requirements

Bachelor's Degree in Business or Risk Management.
At least 5 years of Specialty Underwriting or Product Management Experience in a brokerage firm.
Experience in Product Management and Development.
Knowledge of New Product Launches and End-User Insight Collection.
Skills in Product Rating and Creating Product Roadmaps.
Proficiency in Data Analytics.
Management and Leadership capabilities.
Behavioral skills including operational, interpersonal, collaboration, and problem-solving abilities.

Nice to Have

Experience with regulatory environments and industry trends.
Experience in managing carrier relationships.

Qualifications

Bachelor's Degree in Business or Risk Management.
At least 5 years of relevant experience in underwriting or product management.

Benefits & Perks

Comprehensive and best-in-class benefits package.
Paid time off for holidays, vacation, sick, and personal days.
Paid parental leave.
Mental health services.
Salary range of $120,000.00 - $150,000.00 annually.
Eligibility for bonuses and additional benefits.

Working at Ryan Specialty Group

Ryan Specialty is committed to building and sustaining a diverse, inclusive, and equitable workplace where all employees are valued for their performance and contributions. The organization values varied perspectives and strives to create an environment that supports physical, financial, and emotional well-being for its employees and their families.

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