Product Manager (Insurance)

Ryan Specialty Group (RSG) is an international specialty insurance organization that provides innovative solutions for brokers, agents and insurance carriers.

The RSG family includes a wholesale brokerage operation, RT Specialty (RT), and a collection of managing general underwriting companies within RSG Underwriting Managers (RSGUM).

RSG was founded by Mr.

Patrick G.

Ryan, the retired Chairman and CEO of Aon Corporation.

A highly regarded insurance veteran, Mr.

Ryan saw the need for a specialty organization devoted exclusively to creating sophisticated insurance and risk management solutions for a select group of hard-to-place risks.

With its mission of delivering measurable value, RSG is committed to providing specialty insurance services, proven leadership, outstanding industry experience and quality services in all of our exchanges with retail agents and brokers, and insurance carriers worldwide.

The Connector, a division of Ryan Specialty Group is looking for a Product Manager (Insurance) to join our Chicago, IL office.

We are a fast paced, energetic and rapidly growing organization that offers a great opportunity for someone interested in further developing their career.

Ryan Specialty Group has been named one of the Best Places to Work 2020 by Business Insurance, and has been named 2020 top Insurance Workplace by Insurance Business America.

Position Summary:The Product Manager will be part of The Connector team.

This position will work closely with the Director of Products & Underwriting and is a hands-on position responsible for the development, strategy, maintenance, and execution of insurance products on The Connector digital platform.

Essential Functions:Product Development * Integral to driving insurance product strategy and direction for The Connector* Identifies target capacity specifications for each line of business (class codes, geographies, products, coverages, etc.)* Participates in the entire insurance product delivery lifecycle including:* product definition and target classes/industries* formulation and development of carrier specific underwriting business requirements* product testing & final release of product* Serves as product line expert to The Connector team and management.Product & Carrier Management * Oversees underwriting guideline changes and additions.* Provides underwriting governance and oversight* Monitors effectiveness of existing product(s) and looks for opportunities to further refine, streamline and improve.* Engages with the Compliance Department to ensure ongoing compliance* Maintains strong communication with internal teams (PMO, marketing, compliance, actuarial, etc.), and vendor* Responsible for monitoring performance of assigned line(s) of business, especially profitability, exposure profile of book and top line growth (including other carrier and Connector Key Performance Indicators (KPIs))* Establishes and cultivates carrier relationship(s); maintains strong communication with carrier* Participates in audits and/or underwriting meetings as requiredDistribution & Market Intelligence * Works with our marketing team to develop tools to drive adoption of The Connector and assist in the training of sales and other field personnel* Delivering marketing material including writing white papers, data sheets, and presentations* Stays current on small commercial insurance segment and carrier marketplace; identifies and asses market trends to adjust strategy and bring innovative ideas to The Connector* Identifies market segments and provide recommendations for product strategies related to the development of new products within the marketplace* Produces thorough competitor and market analysesEducation/Experience/Skills: * Experience in broking and/or underwriting E&S commercial insurance (minimum 10 years combined)* Experience with insurance carrier portals and/or digital distribution of commercial insurance* Ability to think critically and objectively about the commercial considerations associated with developing and launching insurance products on The Connector* Excellent written, verbal, and presentation communication skills.

Must be able to read, interpret, and write complex information, talk with external stakeholders, and listen attentively.* Ability to cultivate interpersonal customer and co-worker relationships – equally adept at interacting with development engineers as with business organizations* Experience handling multiple deliverables and moving adeptly between internal and external issues and interaction* Willingness to take on new responsibilities and work in a dynamic, fast-moving small company environment* Bachelor’s degree from four-year college or university; ACSR, CPCU, or similar designation preferred* Pursues continuing education opportunities and attend industry conferencesRyan Specialty Group is an Equal Opportunity Employer