Product Development Senior Consultant

Ohio Farmers Insurance Company
United States, Ohio, Westfield Center
Oct 30, 2024
The Product Development Senior Consultant is responsible for managing the end-to-end process of product development, from ideation to market launch. This role involves working closely with cross-functional teams, including marketing, sales, product management, and IT to ensure products meet market demands and align with Enterprise strategic goals. The role supports profit and growth objectives by optimizing the product portfolio, developing intentional product appetite plans and monitoring the competitive landscape to inform the direction of the overall product lifecycle. The role drives successful implementation of bureau-driven and proprietary product changes. #LI-DNI Consults with underwriters on specific risks providing direction and expertise on policy language. Conducts technical and product training for both internal business units and external business partners and customers. Works in collaboration with Product Management, Actuarial and Business Leaders to manage the Product Roadmap in alignment with the Enterprise strategic direction. Conducts market research and competitive analysis to identify opportunities for new products or enhancements to existing products. Creates detailed project plans, sets milestones, and manages project timelines. Monitors and reports on project progress, addressing any issues or risks. Tracks economic conditions and regulatory issues affecting assigned lines of business and industries, including emerging issues and markets. Participates in a product performance team as a SME for an assigned line of business. Coordinates practice groups made up of individuals outside the department to ensure product alignment with all aspects of the enterprise. Cultivates relationships outside the department that are affected by the success of the product. Develops proposals, project plans, leads key activities, and serves as the subject matter expert (SME) related to the detailed design and implementation of product development initiatives, including product enhancements, launches or discontinuations. 10+ years of experience in product development, commercial underwriting, other experience in the commercial insurance industry. Bachelor's degree in business or a related field and/or commensurate work experience. Location Hybrid defined as three or more days per week in the office. Behavioral Competencies Collaborates Communicates Effectively Customer Focus Decision Quality Nimble Learning Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd's of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.