Our client, an innovative and influential insurance provider, is looking for a skilled and results-oriented Senior Portfolio Manager to join their dynamic team. In this pivotal role, you will be responsible for driving the success of products within assigned states, focusing on market strategies, product performance, and competitive positioning. The position requires you to analyze market trends, assess rate adequacy, and monitor claims performance, all while working closely with internal teams to ensure optimal results.
Position Location:
This opportunity is based in Melbourne, Florida, a city known for its high quality of life, affordable housing, and excellent transportation links. With easy access to major cities like Orlando, Tampa, and Miami, this location offers both personal and professional growth opportunities.
Role Overview:
As a Senior Portfolio Manager, you will oversee the performance of products within specific states, ensuring they meet market demands and achieve competitive advantage. This position involves extensive collaboration with cross-functional teams such as Claims, Technology, Sales, and Customer Experience to fine-tune and enhance the company's offerings. The role also involves closely monitoring industry trends and competitor strategies to ensure products are aligned with market needs.
Core Responsibilities:
To thrive in this role, you will be expected to manage multiple key responsibilities:
- Oversee product performance in assigned states and ensure alignment with market needs.
- Manage and prioritize several projects simultaneously, driving them toward successful completion.
- Lead cross-functional teams to ensure products meet both customer expectations and business objectives.
- Work with Sales and Marketing teams to: Refine market strategies and positioning. Help define product benefits and key selling points. Contribute to the creation of marketing materials and content. Identify and develop competitive product offerings.
- Partner with the Technology team to ensure accurate product documentation and staff training materials.
- Act as the primary communicator of product requirements and enhancements across departments.
- Conduct in-depth competitive analysis to aid in strategic decision-making and sales support.
- Work to align product strategies with overarching business goals and objectives.
- Identify potential opportunities for new products, working to define their requirements.
- Ensure products are priced competitively and maintain desired margins.
- Collect and synthesize feedback from Sales, Marketing, and Customer Experience to improve product offerings.
- Develop compelling business cases and ROI analyses for new features and present them to leadership for approval.
Preferred Qualifications and Experience:
- A Bachelor's Degree or equivalent experience within the insurance industry.
- A minimum of 3 years' experience in property and casualty insurance.
- At least 3 years of experience in business analysis or product management.
- Strong verbal and written communication skills.
- Excellent interpersonal skills and a keen eye for detail.
- Proficiency in Microsoft Office Suite.
- A proven track record of achieving ambitious goals and objectives.
- Strong organizational, problem-solving, and analytical capabilities.