Search for Product Manager roles in the Cincinnati area, focusing on the insurance industry and specifically residential property and casualty products. I have 5+ years of experience in this field and am looking for hybrid work options. I also require a company that offers 401(k) benefits.

Okay, I've searched for Product Manager roles in the Cincinnati area within the insurance industry, specifically for residential property and casualty products. You have 5+ years of experience and prefer hybrid work options. I've found 112 positions that match your criteria, and many offer 401(k) benefits. You can review them now.

Product Manager

Cincinnati Metropolitan Area

Insurance

5 years + Experience

Hybrid

401(k)

Can you help me to analyze the job description and company culture?

Sure. Here's the analysis:

Job Analysis:

The Insurance Product Manager for Residential Products at American Modern is fundamentally tasked with overseeing the profitability and success of the company’s residential insurance offerings. This includes managing the end-to-end product lifecycle—from design and development to pricing and implementation—while ensuring alignment with the company's strategic goals. Given the specialty nature of the insurance products American Modern offers, the individual in this role must work collaboratively with various teams including Actuary, Marketing, and Sales to facilitate buy-in and effective product launch. Key responsibilities also involve analyzing state regulations and market dynamics, making data-driven decisions to maintain competitive positions, and ensuring compliance across all product lines. The autonomous decision-making nature of the role necessitates strong analytical and leadership qualities, particularly as the individual will need to navigate complex scenarios such as rate approvals and regulatory adjustments. Success in this position is likely defined by the ability to innovate and adapt products that resonate with target markets while delivering financial targets and operational efficiencies within the first 6-12 months.

Company Analysis:

American Modern occupies a unique position in the specialty insurance market, recognized for its capacity to offer unconventional coverage options that many competitors overlook. Its affiliation with Munich Re elevates its reputation and provides significant financial stability, which in turn enhances job security and opportunities for personal and professional growth within the company. The culture appears to be one that values collaboration, innovation, and customer-centric solutions, reflecting a modern, flexible work environment conducive to career development. The role of Product Manager sits at the intersection of various functional teams, suggesting that while the individual may operate with considerable autonomy, they will also require strong interpersonal skills to coordinate effectively across departments. The company's commitment to diversity and inclusion also speaks to its progressive values, aligning with candidates who prioritize workplace culture. This role plays a critical part in scaling operations and launching new products, directly contributing to American Modern’s broader strategy of maintaining leadership in the specialty insurance sector.

Mock up some interview questions based on the job description.

Absolutely. Here are some mock interview questions that could come up:

Behavioral: Tell me about a time when you had to navigate a complex regulatory environment while managing an insurance product. How did you address those challenges?
Behavioral: Describe a situation where you had to collaborate with cross-functional teams to launch a product. What was your approach and what was the outcome?
Behavioral: Can you provide an example of a decision you made based on data analysis that positively impacted your product line's performance?
Technical: How would you approach setting pricing for a new residential insurance product in a competitive market?
Technical: Explain how you would utilize Excel to analyze market trends relevant to residential insurance products.
Technical: What experience do you have with segmentation analysis in the context of Property and Casualty insurance?
Situational: Imagine you discover that a significant regulatory change will impact your product's pricing structure. How would you manage this situation?
Situational: If a key agent raised concerns about a product feature, how would you address their feedback while ensuring the product meets business objectives?
Company Fit: Why are you specifically interested in working at American Modern, and how do you see yourself contributing to our mission?
Company Fit: How do our values around diversity and community service resonate with your personal values and professional aspirations?
Questions for Interviewer: Can you describe the team dynamics within the Product Management department?
Questions for Interviewer: How does American Modern prioritize innovation in product development?
Questions for Interviewer: What opportunities for professional development does American Modern offer to support employee growth?

Job Details

Overview Company

Insurance Product Manager

American Modern Insurance Group

14 days ago

Highlight

HybridFull-timeEntry

Summary

American Modern Insurance Group is seeking an Insurance Product Manager - Residential Products to join their team in Amelia, Ohio. The role involves managing the profit and loss of assigned lines of business, overseeing product alignment with company goals, and coordinating product delivery.

About the Role

As an Insurance Product Manager, you will manage all aspects of the product, ensuring activities align with company goals. Responsibilities include providing timely product delivery, planning state review schedules, communicating with various stakeholders, and supporting market conduct research.

About You

Required:

Strong analytical abilities including understanding of advanced mathematics and statistical concepts.
Strong command of Excel and MS Office Suite applications.
General understanding of Pricing Segmentation, State Regulations, Reinsurance, Policy Contract Language, Product Management and Underwriting.
Proven ability to lead, innovate and make decisions.
Background in insurance product management, specifically in residential P&C insurance.
Bachelor’s Degree in Business, Finance, Math, Statistics or similar field.

Preferred:

MBA or similar advanced degree.
CPCU and/or FCAS.

Benefits

Two options for health insurance plan (PPO or High Deductible).
Prescription drug coverage.
Vision and dental insurance plans.
Short and Long Term Disability coverage.
Supplemental Life and AD&D plans.
Voluntary Benefit plans (Accident, Critical Illness and Hospital Indemnity).
Robust 401k plan with up to a 5% employer match.
Retirement savings plan that is 100% company funded.
Paid time off starting with 24 days each year.
Eligibility to receive a yearly bonus.
Variety of health and wellness programs.
Hybrid work environment.
On-site cafeteria and coffee shop.
On-site workout facility and walking trails.
On-site wellness center with nurse practitioner.
Financial assistance for adoptions and infertility treatment.
Paid time off for eligible family care needs.
Tuition assistance and educational achievement bonuses.
Free parking.
Corporate matching gifts program.
Paid time off to volunteer in your community.

American Modern Insurance Group

American Modern provides insurance solutions for customers who need coverage not readily found in the general market. American Modern is widely recognized as a leader in this “specialty market.” Through strong relationships with our agent partners, we protect classic cars, motorcycles, boats and yachts, and, in the residential sector, rental property (short-term and 12-month), vacant property, owner-occupied homes, vacation homes, and manufactured homes.

American Modern employs nearly 1,200 and has been recognized several times as a “Top Workplace” by the Cincinnati Enquirer. The company’s financial stability is validated by long-standing, high ratings from Ward Group and A. M. Best Company. Headquartered in suburban Cincinnati, Ohio, the company began its insurance operations in 1965.

Munich Re acquired American Modern in 2008 to be a key element of the world reinsurance leader’s North American insurance operations. Munich Re has approximately 43,000 employees in over 50 locations throughout the world, and operates in all lines of insurance. It is among the top 150 companies on the Forbes Global 500 list.

Polices are written by one of the licensed insurers of American Modern Insurance Group, Inc., including American Modern Home Insurance Company, d/b/a in California as American Modern Insurance Company (Lic. No. 2222-8).

Amelia, OH