Assistant Product Manager

CopperPoint has an exciting opportunity for an Assistant Product Manager. This role supports business operations by analyzing industry trends and product line data. The Assistant Product Manager is responsible for ensuring that rates and filings are accurate and submitted to regulatory agencies in a timely manner. Additionally, the role involves assisting in the maintenance and development of commercial insurance products, ensuring their seamless integration into policy administration systems, underwriting tools, and workflows for employees, agents, and insureds. This position also promotes underwriting integrity, regulatory compliance, efficient workflows, and a positive user experience.

Job Description:

• Monitor performance for assigned line of business to ensure alignment with corporate initiatives for profitability and growth.
• Monitor KPIs & updates scorecards by state and line and reports out as necessary
• Monitor loss activity of internal and industry data to perform trend analysis.
• Recommend rate action for loss costs, LCMs, coverage amendments to ensure profitability
• Collaborate with business partners in Actuary, Corporate & Field Underwriting to achieve desired rate change, growth and profitability
• Ensure regulatory compliance giving guidance to Product/Filings Analyst of recommendation actions, working with Actuary, Legal and Corporate UW
• Performs competitive analysis for vertical development and state expansion strategies and ensure competitiveness of current products
• Builds Product resources and documentation to facilitate training and adoption of new products.
• Partner with our Underwriting Systems team to design and build policy administration system to meet our business needs and improves productivity through underwriting, policy & coverage design, and customer experience.
• Accountable to regions for effective communication surrounding strategy and execution
• Query data to conduct ad hoc analysis of metrics and answer business questions.
• Researches and analyzes questions/issues raised by Dept of Insurance during filings. Collaborates with partners in Actuary, Billing, Legal and Corporate UW as needed and presents recommendations.
• Presents findings of analysis to management.
  
  
  

Qualifications/Competencies:

• BS/BA college degree. The knowledge and skill levels acquired through undergraduate level studies especially in the areas of business administration or a related field, and a minimum of 4 years of experience in the commercial insurance industry.
• Minimum 3 years of full-time work experience in insurance, with a strong commercial lines preference, can be utilized on a year for year basis as a substitute for a degree.
• Models self-leadership that encourages open, honest dialogue and leverages diverse strengths of self and others.
• Communicates in a clear, relevant and timely manner that promotes common understanding and engages stakeholders.
• Creates and manages synergistic relationships to achieve shared business objectives.
• Attracts and leverages top talent to create an innovative, high-performance environment.
• Analyzes complex business problems and assesses decision impacts to determine appropriate solutions
• Identifies and embraces opportunities to deliver competitive products and customer service.
• Strong knowledge of data & analytics.
• The ability to create and maintain scorecards with key KPIs.
• Knowledge of underwriting systems (policy and portal) and ability to effectively articulate requirements for IT
• Ability to create a comprehensive strategy and or cost-benefit analysis and present it to a broad executive stakeholder group for support
• Ability to interpret, apply and explain federal, state and local laws, codes, regulations and proceedings, and ensure compliance.
• Ability to translate technical information and create practical written instructions.
  
  
  
  

Salary Range:

• $80,000.00 - $120,000.00 annually
• Compensation may vary dependent on skills, experience, education, and geographical location.
• In addition to base salary, compensation may include an annual discretionary bonus.
  
  
  
  

Benefits:

• Employees and their families are eligible to participate in CopperPoint Insurance Companies benefit plans including medical, dental, vision, short-term disability, long-term disability, life insurance, a health savings account, a flexible spending account, and a 401k plan.
• We provide some benefits at no cost to the employee (Basic Life Insurance and AD&D at two times an employee's annual salary, Short- and Long-term Disability coverage, and Employee Assistance Plan).
• Employees will accrue 0.0846 hours of Paid Time Off (PTO) per paid hour, which may total 22 days a year. In addition, employees will also receive 10 paid holidays throughout the calendar year.
  
  
  
  

Founded in 1925, CopperPoint Insurance Companies is a leading provider of workers’ compensation and commercial insurance solutions. With an expanded Line of insurance products and a growing ten-state footprint in the western United States, CopperPoint embodies stability for policyholders in Alaska, Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Utah, and Washington. CopperPoint Mutual Insurance Holding Company is the corporate parent of Arizona-based CopperPoint Insurance Companies, California-based Pacific Compensation Insurance Company, Alaska National Insurance Company, and other CopperPoint Insurance Entities.

CopperPoint’s culture of compassion extends to the community through employee volunteerism, corporate matching, Board service, program sponsorships, and in-kind contributions. We empower employees by providing 12 hours of paid volunteer time annually and matching their personal contributions to the charities of their choice up to $500 per year. In 2020, CopperPoint employees reported 3,500 volunteer hours.

CopperPoint offers a competitive compensation package and comprehensive benefits package including major medical, dental, and vision, and a wide range of competitive benefits programs, generous matching contributions to your 401(k) plan, generous paid time off, tuition reimbursement, and other education benefits and business casual dress. CopperPoint is an equal employment opportunity employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status, or any other characteristic protected by state, federal or local law. CopperPoint maintains a drug-free workplace.