A reputable Life Insurance company is seeking a knowledgeable and experienced Product Manager to lead the development and management of Life/BOLI and COLI products. If you have a deep understanding of these insurance products and a passion for product management, we'd love to hear from you.
Position Summary: The Product Manager will be responsible for the strategic development, implementation, and management of Life, BOLI and COLI product lines. This role involves working closely with internal teams and external partners to ensure the success and growth of these products while maintaining compliance with regulatory standards.
Key Responsibilities:
- Develop and execute strategic plans for BOLI and COLI product lines.
- Oversee product lifecycle management, including design, development, launch, and ongoing administration.
- Conduct market research and competitive analysis to identify trends and opportunities for product enhancement.
- Collaborate with sales, marketing, and actuarial teams to create and promote competitive BOLI and COLI products.
- Ensure products comply with all regulatory requirements and industry standards.
- Analyze product performance and provide regular reports and insights to senior management.
- Manage relationships with insurance carriers, brokers, and other external partners.
- Provide training and support to internal teams on BOLI and COLI products.
- Stay current with industry trends, regulatory changes, and best practices.
Qualifications:
- Bachelor's degree in Finance, Business, Insurance, or a related field; MBA or relevant advanced degree preferred.
- Minimum of 10 years of experience in product management, with a focus on BOLI/COLI or life insurance products.
- In-depth knowledge of BOLI and COLI products, market dynamics, and regulatory requirements.
- Strong analytical, strategic thinking, and problem-solving skills.
- Excellent communication and interpersonal skills.
- Proven ability to manage multiple projects and priorities in a fast-paced environment.
- Proficiency in Microsoft Office Suite and relevant insurance software.
