Position Summary
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. Implement, manage, and evaluate processes and procedures, in accordance with the standards and procedures set out by the organization. This person will oversee production and performance of underwriters within a specific discipline. This role will play a key role in cultivating carrier relationships. The role is responsible for ensuring underwriting guidelines are created and followed to provide the best opportunity for writing sustained long term profitable business along with development of coverage forms and applications specific to their segment.
What will your job entail?
Job 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.
• Engaging in carrier relationships
• Performing underwriting audits
• Monitoring of claims and program loss ratios
• Managing underwriters
• Perform special projects as needed.
• Other relevant duties as assigned.
Work Experience and Education:
• Bachelors Degree in Business or Risk Management.
• At least 5 years of Specialty Underwriting or Product Management Experience in brokerage firm.
Licenses & Certifications:
• N/A
Skills:
Technical/Functional Skills:
• Product Management
• Product Development
• New Product Launches
• End-User Insight Collection
• Product Rating
• New Product Roadmap
• Data Analytics
• Management/Leadership
Behavioral Skills:
• Operational
• Interpersonal
• Collaboration
• Problem Solver
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.
How We Support Our Teammates
Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.
The target salary range for this position is $80,000.00 - $100,000.00 annually.
The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.
We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at HR@Ryansg.com
The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
