About Pacific Specialty Insurance Company (PSIC) 

At Pacific Specialty Insurance Company (PSIC), we approach things a bit differently and have for over 27 years. We warmly welcome each new employee to our work family. Family is one of PSIC’s Core values therefore, we treat our employees with appreciation and respect, while providing the much-needed flexibility in their day. We understand this is paramount in today’s workforce.  Our Core values of Family, Home, Trust and Profitability are what drives our daily decisions. We strive to foster a culture where all employees feel a sense of belonging and are encouraged to come up with ideas to help us improve as an organization. We provide the tools to help you succeed. Pacific Specialty Insurance Company is a large regional carrier in California, but consistently writes business in 4 other states as well.  

The Product Manager directs the development of new products and the enhancement of existing products to include the construction of appropriate policy language and forms, required coverages, recognition of potential exposures, and necessary rating structure.

 Duties and Responsibilities:    

• Coordinates the design, rating and development of new and enhanced products for targeted lines of business. 
• Work with others in the Company to implement products to meet growth and profitability targets. Evaluates, audits, and participates in data research and statistical analysis to solve problems.
• Acts as subject expert in statistical modeling methodology and/or product research. 
• Provides statistical and analytical support to others; Identify issues and recommends solutions and enhancements to current insurance products. 
• Supports strategy to research, design, and develop new insurance products to achieve profitable growth.

The Ideal Candidate will have the following:  

· A Bachelor's or Master's Degree in an analytical concentration, such as math, statistics, economics, finance, quantitative research, etc. 

· At least 5 years of product development experience; or equivalent combination of education and experience.

· Experience in the P&C Insurance industry.

· Previous experience in leading a staff through product management is preferred.   

· Good analytical and quantitative skills required.

· Track record of demonstrated creativity in pricing and/or product development. 

· Good critical thinking and problem solving skills. 

· Statistical modeling experience preferred. 

· Ability to review typical product development issues and develop solutions. 

· Must have initiative and be a self-starter. 

· Must have good interpersonal skills and be able to build commitment to decisions. 

· Proficiency in MS Excel required. 

· Proficiency in SAS and/or other statistical software Preferred (not required). 

· Strong written and verbal communication skills required. 

· Requires the ability to effectively present recommendations and solutions to all levels within the organization in a clear manner.

Our Benefits - Protection is the name of the game in the insurance industry, and we believe in benefit plans that offer protection to our employees for medical, dental, vision, life, disability, and retirement plans. Our 401k plan and company match are second to none. The company will make a matching contribution equal to 60% of your qualified salary deferral contribution! 

All qualified applicants for employment will be considered without regard to an individual’s race, color, sex, gender identity, gender expression, religion, age, national origin or ancestry, citizenship, physical or mental disability, medical condition, family care status, marital status, domestic partner status, sexual orientation, genetic information, military or veteran status, or any other basis protected by federal, state, or local laws.

Pacific Specialty Insurance Company is a member of the McGraw Group of Affiliated Companies Pacific Specialty Insurance Company is an equal opportunity employer