Product Development Manager

Job Description

Job Description

Product Development Manager

An insurance company in central Jersey is looking to fill a position for a Product Development Manager for their personal lines division.

Position Overview

The Product Development Manager is responsible for supporting the design, enhancement, and ongoing management of personal auto, homeowners, and umbrella products across the company's operating footprint. This newly created position is accountable for evaluating product performance, analyzing market trends, and identifying opportunities to improve product competitiveness and profitability.
The role is also responsible for conducting research, developing recommendations, and collaborating with actuarial, underwriting, claims, compliance, IT, and other business areas to implement product changes and strategic initiatives. In addition, the position ensures alignment with regulatory requirements and organizational objectives, contributing to product strategy and supporting the company's growth and performance goals.
Essential Duties and Responsibilities
Essential functions of this job are listed below in order of priority. Reasonable accommodations may be made to enable individuals to perform the essential duties. Regular and predictable onsite attendance is an essential function of the job.

• Lead the creation & recommendation of new & existing product enhancements for assigned lines of business.
• Develop short & long-term project roadmaps for each assigned product.
• Work with key stakeholders to ensure alignment of product goals & objectives.
• Present recommendations for approval to senior leadership, up to and potentially including the Executive Leadership Team.
• Proactively identify, evaluate, and recommend new product opportunities for assigned lines of business.
• Conduct comprehensive competitor research and analyze other market solutions.
• Apply analytical rigor models to determine the best solutions to successfully solve consumer pain points.
• Oversee the successful execution of assigned product enhancements.
• Work closely with operations and project management teams (PMO) ensuring a timely implementation.
• Collaborate and provide support & guidance across Personal Lines in communicating changes to policyholders and staff.

Schedule & Location

• Hours: Monday through Friday, day shift
• Location: This full-time position is based in our suburban West Trenton, New Jersey corporate office, which is easily commutable from central and southern New Jersey as well as Bucks and Philadelphia Counties in Pennsylvania.

Qualifications
Required Qualifications:

• Minimum 4-year college degree or equivalent.
• Minimum 3–5 years of experience in insurance product development, product management, actuarial, or analytics, with increasing responsibilities.
• Strong analytical abilities and a natural curiosity for solving complex business challenges.
• Advanced Excel and database skills; proficiency with MS Office suite.
• Commitment to continuous learning, including product best practices and emerging technologies.
• Excellent verbal, written, and presentation skills, with the ability to communicate effectively across all levels of the organization.

Preferred Qualifications:

• College degree in Business, Data Analytics, Economics, Insurance, or a related field.

Compensation & Benefits

• Salary Range: The salary is commensurate with experience and credentials but is likely to fall in the $175,000 - $215,000 range.
• Total Rewards: Eligible full-time employees receive a competitive package, including but not limited to:
  • A 401(k) with an employer match up to 8% and additional service-based contributions.
  • Health, Dental, and Vision insurance.
  • Life and Disability coverage.
  • Generous PTO, Paid Sick Leave, and paid parental leave (in addition to state-mandated leave).
  • Eligibility for discretionary bonuses.

Legal Disclaimer
The company is proud to be an equal opportunity employer. We are committed to attracting, retaining, and promoting a diverse and inclusive workforce that is fully representative of the diversity that exists in the communities in which we do business. The company reserves the right at any time to amend, add, or delete any aspect of the job description for this position based on business needs.