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The Product Manager will support the development of insurance products and manage carrier relationships to expand digitalized insurance capacity. They will also focus on market analysis, product delivery, and creating sales enablement tools for the wholesale division.
Requires 3+ years of experience in wholesale brokerage, underwriting, or product management, preferably within the E&S market. A bachelor's degree is required, though applicable experience may be considered in lieu of a degree.
RT Specialty, a division of Ryan Specialty, is a leading wholesale distributor of specialty insurance products and services. Our experienced brokers are specialized in property, casualty, professional lines, transportation and workers’ compensation, providing creative solutions to retail brokerage firms. We define ourselves through our superior execution on behalf of our clients, which has established us as a leader in the industry.
Insurance Product Development
Support the development and execution of product initiatives by identifying carrier capacity opportunities, including target class codes, geographies, and coverage segments.
Collaborate with internal stakeholders and carrier partners to gather requirements, document business needs, and support product enhancements through the full development lifecycle from concept to release.
Assist in evaluating product performance, identifying enhancement opportunities, and recommending improvements to better serve customers and carrier partners.
Partner with cross-functional teams to support successful product launches and ongoing product optimization efforts.
Support underwriting guideline management and product governance processes in partnership with carrier stakeholders and internal teams.
Coordinate with Compliance, PMO, Actuarial, Operations, and Technology teams to facilitate product updates and ensure alignment across business objectives.
Maintain productive relationships with carrier partners and vendors to support product growth, operational efficiency, and service delivery.
Help monitor product performance, carrier feedback, and key operational metrics to identify trends and areas for improvement.
Partner with Sales and Marketing teams to support platform adoption and market growth initiatives.
Assist in developing product materials, white papers, data sheets, training resources, and other sales enablement tools.
Help communicate product updates, value propositions, and market opportunities to internal and external stakeholders.
Support training efforts for distribution partners and internal teams on new products and platform capabilities.
Monitor market trends, competitor activity, and industry developments to support product planning and roadmap discussions.
Conduct research and analysis to identify opportunities within the small commercial and E&S insurance marketplace.
Contribute recommendations that enhance the RT Connector platform and improve customer and carrier experiences.
Support the evaluation of business performance metrics and market data to inform product decisions and future enhancements.
Professional Experience: 3+ years of experience in wholesale brokerage, underwriting, product management, or a related commercial insurance role, with experience in the E&S market preferred.
Education: Bachelor's degree from an accredited four-year college or university; applicable experience considered in lieu of a degree.
Industry Expertise: Strong understanding of commercial insurance products, underwriting processes, carrier partnerships, and insurance distribution models.
Market Intelligence: Familiarity with small commercial and E&S insurance market trends, competitor analysis, and market research initiatives.
Technical Skills: Advanced proficiency in Microsoft Excel and full Office Suite with the ability to analyze data and present insights to stakeholders.
Communication: Excellent written and verbal communication skills, with the ability to collaborate effectively across cross-functional teams and external partners.
Professional Designations: CPCU, ACSR, AU, ARM, or other relevant insurance industry certifications.
Product & Carrier Management: Experience supporting insurance product development, carrier relationships, underwriting governance, or product performance monitoring
Analytical Skills: Experience using KPIs, profitability metrics, and business data to support product recommendations and decision-making.
Work Environment: Proven ability to manage multiple priorities and deliver results in a fast-paced, collaborative environment.
Professional Development: Demonstrated commitment to continuing education and active participation in industry events, conferences, or professional associations.
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.
Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.
The target salary range for this position is - annually.The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.
We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at [email protected]
The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
An international specialty insurance firm that provides innovative solutions for brokers, agents and insurance carriers
Ryan Specialty (NYSE: RYAN) is an international specialty insurance firm that provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter. Our mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents and carriers. Ryan Specialty was founded in 2010 by Patrick G. Ryan, the widely respected insurance veteran, founder and former Chairman and CEO of Aon Corporation. Mr. Ryan saw the need in the marketplace for a specialty organization dedicated exclusively to creating sophisticated insurance solutions for risks that demand innovation, proven leadership, outstanding industry expertise and quality services on behalf of brokers, agents and carriers. For more information about Ryan Specialty, visit our website at ryansg.com. Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce that is reflective of society throughout the entirety of the organization. Our vision is an inclusive and equitable workplace where all employees are valued and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions and benefits of employment.
Offices: 180 N. Stetson Avenue, 46th Floor, Chicago, IL 60601, US
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