CL Product Management - Specialty Product Manager (Remote/Hybrid)

Summary

The Hanover Insurance Group is seeking a Specialty Product Manager to join its Commercial Lines Product Management team. The role leads the development, maintenance, implementation, and strategic management of Professional and Executive Lines products, with a focus on Management Liability coverages. The position also involves regulatory compliance, market research, competitive analysis, cross-functional collaboration, and mentoring Product Analysts.

Responsibilities

• Lead thedevelopment, design and maintenance of proprietary Management Liability coverage forms and associated rules for both admitted and non-admitted use. This includes drafting new forms and revising existing forms to meet unique underwriting needs and an evolving legal environment
• Monitor and analyze regulatory and judicial environments to remain compliant in writing states
• Conduct, monitor, and interpret market research and competitive analysis for the assigned product and line of business
• Work collaboratively with Specialty Underwriting to establish and support professional and executive lines strategies and goals
• Develop filing strategies and manage and respond to State Department of Insurance objections and inquiries as necessary
• Mentor and collaborate closely with Product Analysts

Skills

• 3-5 years of Specialty insurance experience with working knowledge and experience in product; or any combination of education and experience, which would provide an equivalent background
• Demonstrated and thorough understanding of specialty insurance products, policy wording, forms drafting, coverages, and regulatory environment
• Advanced leadership skills, innovation skills, initiating skills, organization, and time management skills
• Excellent oral and technical writing communication skills as well as attention to detail
• Advanced ability to comprehend and communicate intent of product strategies, underwriting strategies and inter-relationships with coverage
• Strong ability to influence strategic decisions that support corporate goals
• Superior interpersonal skills which align with Hanover's CARE values

Qualifications

Must Haves

• 3-5 years of Specialty insurance experience with working knowledge and experience in product; or any combination of education and experience, which would provide an equivalent background
• Demonstrated and thorough understanding of specialty insurance products, policy wording, forms drafting, coverages, and regulatory environment
• Advanced leadership skills, innovation skills, initiating skills, organization, and time management skills
• Excellent oral and technical writing communication skills as well as attention to detail
• Advanced ability to comprehend and communicate intent of product strategies, underwriting strategies and inter-relationships with coverage
• Strong ability to influence strategic decisions that support corporate goals
• Superior interpersonal skills which align with Hanover's CARE values

Benefits

• Medical, dental, vision, life, and disability insurance
• 401K with a company match
• Tuition reimbursement
• PTO
• Company paid holidays
• Flexible work arrangements
• Cultural Awareness Day in support of IDE
• On-site medical/wellness center (Worcester only)