Sr. Product Manager: Boat

Lead the Product Strategy for Recreational Products – Boat / Marine (P&C Insurance) Location: Hybrid schedule available in NY, NJ, Chicago, or Cincinnati office locations. American Modern Insurance Group, Inc., a Munich Re company, is a widely recognized specialty insurance leader delivering products and services for residential property and the recreational market, including boats, personal watercraft, classic cars, and more. We provide specialty product solutions that cover what the competition often can’t. We write admitted products in all 50 states and have a premium volume of $2.2 billion. Headquartered in Amelia, Ohio, with associates nationwide, we are part of Munich Re’s Global Specialty Insurance division. Our employees receive boundless opportunity to grow their careers and make a difference every day in a flexible environment. Purpose The Product Manager is responsible for managing the profit and loss of their assigned line of business and supporting the AVP of Product in achieving strategic and financial goals. This role oversees and coordinates all aspects of the product, ensuring alignment with company goals, values, and strategies. The Product Manager serves as the day‑to‑day driver of product initiatives—defining, prioritizing, and executing enhancements across pricing, underwriting, and product development. Through cross‑functional collaboration, they ensure initiatives are delivered on time, aligned with strategic intent, and grounded in operational and financial realities. Roles & Responsibilities Manage the end‑to‑end delivery of products to agents, markets, and consumers, ensuring quality, compliance, and alignment with strategic goals. Translate line of business strategies into actionable product requirements and enhancements. Plan and lead state‑level product reviews, including determining and approving rate needs to maintain profitability. Serve as the primary contact and key communicator with Sales (including RVPs and Territory Sales Managers), Actuarial, Underwriting, Marketing, and other stakeholders to gain alignment on product decisions. Interpret and implement national product direction within assigned states or lines of business. Collaborate with Underwriting to define and maintain underwriting guidelines and risk appetite by state. Coordinate cross‑functionally with Actuarial, IT, Compliance, and Operations to execute new product launches, filings, and ongoing updates. Maintain and prioritize the product backlog, manage feature timelines, and ensure delivery through partnership with Deployment and Configuration teams. Participate in business readiness planning and support go‑to‑market strategies for product rollouts. Ensure adherence to all regulatory and compliance standards, including documentation and audit preparedness. Conduct or support DOI complaints, Market Conduct research, premium waiver management, and state survey responses. Provide specific product and system knowledge throughout the quote, issuance, and endorsement process. Participate in market research and competitive analysis to inform innovation and continuous product improvement. Support development of internal and external product communications and training materials. Required Technical Skills 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 in order to foster and develop more advanced techniques as appropriate for the functional area. Skills / Knowledge / Experience Product Manager: Experience in Property & Casualty Insurance Product Development/Management; preferably in personal lines with a specialization in the American Modern product suite. Demonstrated leadership ability. Lead projects, demonstrate successful P&L management. Senior Product Manager: 4+ Years Experience in Property & Casualty Insurance Product Development/Management; preferably in personal lines with a specialization in the American Modern product suite. Demonstrated leadership ability. Lead projects, demonstrate successful P&L management. Excellent problem‑solving and decision‑making skills are required. Education, Certifications & Designations Required Bachelor's degree in Business, Finance, Math, Statistics, or a similar field. Preferred MBA or similar advanced degree, CPCU and/or FCAS, AINS. Benefits Two options for health insurance plans (PPO or High Deductible). Supplemental Life and AD&D plans for you and your dependents, including spouse/domestic partner and children. Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness, and Hospital Indemnity). Prescription drug coverage included in your health insurance plan. Short and Long Term Disability coverage. Vision and dental insurance plans. A robust 401(k) plan with up to a 5% employer match. Company‑funded retirement savings plan. Paid time off: 24 days per year, increasing with milestone service anniversaries. Eligibility for a yearly bonus as a Munich Re employee. Health and wellness programs at no cost. Hybrid work environment allowing choice in location and schedule. On‑site cafeteria and coffee shop. Complimentary workout facility and walking trails on campus grounds. On‑site wellness center with a nurse practitioner. Financial assistance for adoption 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. Compensation $116,000‑$270,000 , plus opportunity for company bonus based upon a percentage of eligible pay. The salary range is adjusted for market variations across locations. The base salary range reflects the market and is adjusted per geography. The offer will be adjusted per geography. Most candidates will start in the bottom half of the range. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Applicants requiring employer sponsorship of a visa will not be considered for this position. #J-18808-Ljbffr American Modern Insurance Group