Product Manager – Casualty, US Middle Market Workers’ Compensation

About the role

The Product Manager Workers’ Compensation is a newly created position within AXA XL Americas, serving the needs of mid-sized clients in the Commercial Lines P&C market. This leader will play a key role as an integral member of a dynamic Product Development growth team, focusing on creating, advising on, and managing P&C coverage development for this rapidly evolving product suite.

Responsibilities

• Lead and own the product development and implementation of Workers’ Compensation related product solutions to establish AXA XL’s competitiveness and differentiated offerings in the Middle Market space;
• Manage multiple related projects in a coordinated manner to achieve strategic objectives and ensure alignment with unit strategy;
• Ensure efficient and effective resource management, while balancing stakeholder engagement and risk management for US Middle Market initiatives;
• Focus on delivering value and benefits from the program outcomes, while aiming to complete projects on time and within budget;
• Provide thought leadership and expertise on policy construction, market standard offerings, and program structures with a primary focus on Workers’ Compensation;
• Collaborate effectively with aligned Actuarial support and help drive key strategies around rate filings, pricing strategies, desired portfolio mix and line of business profit improvement strategies;
• Establish strong working relationships with cross-functional groups including Claims, Compliance, Regulatory, Legal and other functions to engage and collaborate on issues related to the Casualty Lines of business;
• Work on behalf of Middle Market team and underwriters as liaison on compliance topics, review all regulatory and compliance components of products the business intends to write, and advise on any business strategies that require input from regulatory or compliance;
• Drive underwriting strategy and risk selection through understanding of the competitive marketplace, preferred risk characteristics, lessons from loss trends, and competitor offerings;
• Represent AXA XL as a subject matter expert and thought leader at industry conferences enabling the organization to see around corners and stay ahead of industry trends and emerging risks.

Requirements

• Eight or more years of Commercial Property & Casualty insurance experience in the field of legal compliance, regulatory relations, product development, underwriting or underwriting support with a focus on the Casualty Lines of business and the Middle Market segment;
• Familiarity with the deployment or management of Dividend Plans, Retrospective Rating, and/or Safety Groups;
• Comprehension of Federal coverages and their impact on policy structure;
• Minimum education requires a College Degree with relevant experience.

Qualifications

• Ability to communicate effectively with others, both verbally and in writing;
• Team player who takes initiative and is able to work independently;
• Robust analytical skills;
• Able to manage time, meet deadlines and adjust to competing priorities;
• Understanding of the need for accurate and timely management information; effectively manages up and escalates issues that may impact business strategies or operational goals.

Skills

• Subject matter expertise regarding policy construction, market standard offerings, and program structures with a primary focus on Workers’ Compensation;
• Strong knowledge of Workers’ Compensation regulatory structure, especially in California and/or the WCIRB of California;
• Experience with California and/or the WCIRB of California is a plus;
• Understanding of how state jurisdiction impacts Workers’ Compensation regulatory structure.

Benefits

AXA XL offers a comprehensive benefits package that includes:

• Competitive retirement savings plan;
• Health and wellness programs;
• Learning opportunities;
• Volunteering leave;
• Global Day of Giving.

Pay

The U.S. base salary range for this position is USD 107,600-209,100. Actual pay will be determined based upon the individual's skills, experience and location.

Schedule

This role is full-time.