Product Development Director
Reports to : VP, General Counsel
Location: London/Hybrid Salary : IRO £120,000 - £150,000 Position Summary:
- This role offers a unique chance to lead and innovate within the product development sphere in the commercial insurance sector.
- The Product Development Director will be responsible for overseeing all aspects of product management across multiple geographies and languages, ensuring compliance and operational efficiency.
- Collaborate with senior management to deliver efficient and effective service to both internal and external customers.
- Develop and implement strategic goals for product development, enhancing the function as a market-leading resource.
- Liaise with global offices to direct product development strategy.
- Oversee the creation and approval of standard and non-standard policy documents, ensuring they meet compliance and operational standards.
- Manage a team of Product Development Advisers, guiding them to achieve organisational objectives.
- Ensure all legal and regulatory requirements are met, implementing appropriate compliance measures.
- Collaborate with the legal team to monitor coverage litigation and update policy documents accordingly.
- Over 10 years of practical experience in an insurance company, broker, or law firm specialising in insurance, with a focus on policy wordings.
- Exceptional collaboration skills, with the ability to work effectively with Underwriting, Claims, and international teams.
- Strong project management abilities, capable of handling multiple tasks and delivering results with minimal supervision.
- Analytical prowess, able to identify and assess issues within a commercial framework swiftly.
- Extensive knowledge of the insurance business, including product development, underwriting, claims, legal, and regulatory aspects.
- Proficient in resolving short-term problems while supporting long-term objectives.
- Excellent interpersonal skills to interact with various business areas and external contacts.
- Strong organisational skills and solid computer proficiency, particularly in Microsoft Office Suite and Adobe.
- Expertise in policy drafting across all lines, with experience in creating and drafting insurance products from scratch.
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