Lead Product Developer

Position Overview

The Lead Product Developer will be responsible for insurance product development of new and existing portfolio of insurance products offered by HAI Group to its members.

Working closely with all stakeholders to provide the best insurance products to market and be the subject matter expert that can convey the product details internally and to our members.

Essential Functions

• Working with the Manager, Product Development, oversee the product library of approved HAI Group policy forms and ensure it is current, contemporary, compliant, and competitive for assigned business units.
• Review product set periodically for updates and enhancements.
• Working within the Product team, draft and maintain the suite of policy forms and corresponding endorsement libraries within the area of expertise and assigned product responsibilities.

Support and educate underwriting guidelines and underwriting authority. Provide internal and external product training and collaborate with peers and UW community.

Provide recommendations to keep products current and appropriate for industry needs (competitiveness, profitability, and compliance).

• Collaborate with product team to ensure the team has the tools and resources required to analyze, build, or modify insurance products.
• Continuously research the competitive landscape, economic, industry, product, actuarial trends, risk assessment and financial metrics to determine recommendations for new product / coverage opportunities and strategies.

Maintain up to date industry knowledge and leverage member relationships to provide distinctive solutions in the market

• Provide thought leadership in area of expertise, including drafting white papers and first alerts, and participating on industry panels.
• Work closely with senior leaders and stakeholders throughout the organization to develop and implement underwriting strategies to achieve performance goals, identify trends, and develop recommendations for improvement, as needed.
• Partner with actuaries to advance pricing and portfolio segmentation for portfolio analysis and shaping. Support underwriting on key business initiatives and maintain relationships throughout the organization to support multi-disciplinary problem solving and execution and input across all levels of the business.
• Develop insight into competitors’ strengths, weaknesses and strategies and leverage to drive profitable business and increased market penetration.

Knowledge, Skills, Abilities :

• Builds Trust
• Coaches and Mentors
• Develops Others
• Emotional Intelligence
• Leadership Presence
• Adaptable and flexible
• Persuasion and Influence
• Ability to use data and analytics to understand and drive underwriting strategy
• Ability to collaborate to drive effective partnerships and deliver outcomes
• Ability to absorb multi-disciplinary input and translate into effective actions
• Superior communication skills, both oral and written
• Excellent verbal and written communication skills

Job Requirements

Required :

• Bachelor’s degree strongly preferred
• 7+ years’ experience developing insurance products for P & C Specialty Lines; focus and expertise in product and underwriting
• Superior understanding of Product Management & Product Development, inclusive of policy form development, product filings and interaction with actuaries and reinsurers.
• Strong understanding of all aspects of underwriting execution
• Understanding of financial concepts
• Willingness to train / mentor others within Product Development
• Proficiency in computer programs

Preferred :

• Knowledge of the affordable housing market
• Advanced Degree
• Designations : CPCU, AIC, AIS, etc.

Work environment & Physical Demands

• Inside climate-controlled office building
• Ability to lift 25lbs
• Prolonged sitting and using a PC

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.

Duties, responsibilities, and activities may change at any time with or without notice.

Department Overview

The Product Development Team researches, designs and delivers innovative insurance products on behalf of HAI Group. The Product Development Team promotes positive customer experience by providing information to its business partners, providing those partners with the tools they need to deliver on our shared mission of serving those in the subsidized housing marketplace.

Company Overview

HAI Group® 1 , is the nation’s leading property-casualty insurance company founded by and dedicated to affordable housing organizations.

While we are recognized as a pioneer of affordable housing insurance programs, insurance is not our only strength. We protect, preserve, and promote the sustainability of affordable housing with an array of products and services that support the challenges housing organizations face.

Besides insurance, we offer risk management services, online training, and consulting services used by more than 1,500 housing organizations nationwide.

Headquartered in Cheshire, Connecticut, HAI Group® was recognized as a Top Workplace in 2020, 2021, 2022, 2023 and 2024.

Cultural Objective

HAI Group contributes to a culture that creates a safe and healthy working environment and a space of inclusiveness and belonging for all by : exceeding our customers’ expectations, working collaboratively across the organization, embracing diversity, and demonstrating mutual respect and empathy.

HAI Group Benefits and Perks

• Bonus program eligibility
• Annual merit program
• Outstanding 401(k) program and non-elective contribution
• Flexible work schedules
• Generous paid time off, paid volunteer days and paid holidays
• Medical, vision and dental Insurance
• Company paid life, AD&D, short-term disability, and long-term disability coverage
• HSA, FSA and dependent care options
• On-Site wellness : Full gym and locker rooms, wellness initiatives, outdoor basketball and tennis court, picnic pavilion area
• Tuition reimbursement and loan repayment
• Professional development
• Community outreach

HAI Group is an Equal Opportunity Employer.

No agency submissions please. Resumes submitted to any HAI Group employee without a current, signed and valid contract in place with the HAI Group Recruiting team for this position will become the property of HAI Group and no agency fees will be paid.

1 HAI Group® is a marketing name used to refer to insurers, a producer, and related service providers affiliated through a common mission, management, and governance.

Property-casualty insurance and related services are written or provided by Housing Authority Risk Retention Group, Inc.

Housing Authority Property Insurance, A Mutual Company; Housing Enterprise Insurance Company, Inc.; Housing Specialty Insurance Company, Inc.

Innovative Housing Insurance Company Inc.; Housing Investment Group, Inc.; and Housing Insurance Services, Inc. (DBA Housing Insurance Agency Services, Inc. in NY and MI).

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