Senior Director I, Product Management

Pay Philosophy

The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.

Description

The Senior Director I, Energy Transition manages product development, product maintenance, pricing and profitability and plays a key role in partnering with the Global Head of Energy Transition in setting the strategic direction for Energy Transition for GRS, engaging with brokers and clients to ensure the products are market leading. Responsible for all product specific capability enhancement decisions, this role will drive Energy Transition product development and continuous improvement across Global Risk Solutions (GRS). The role will manage cross-dependencies with functional areas to ensure Energy Transition products are fit for purpose and drive efforts to ensure products remain competitive in the global market. The Sr Director I will ensure we have appropriate training for employees related to Energy Transition and lead talent development initiatives.

 

Key Responsibilities:

 

Strategy & Execution

• Plays a key role in partnering with the Global Head of Energy Transition to set the product strategy and annual financial plan for Energy Transition to ensure our products meet the needs of our clients and brokers while also driving overall profitability.
• Monitors developments in the macro and regional risk environments that could impact product portfolio performance and partners with internal team members to ensure alignment between pricing, risk selection and direction of the portfolio.
• Drives knowledge sharing for relevant global and regional trends and information on evolving nature of risk, performance results, claim trends, etc. that will then be used to inform local underwriting strategy decisions
• Develops and executes plan for identification, quantification, approaches to wording, underwriter training for Energy Transition with input from team.
• Enables design of and approves new Energy Transition products, in alignment with internal stakeholder, client and broker needs.
• Collaborates with actuarial, claims and UW Heads to ensure that our product and wordings are fit for purpose and properly priced.
• Works closely with Sustainability and Risk teams to validate assumptions in various transition risk scenarios.
• Establishes formal guidelines and standards to build a common approach for Energy Transition underwriting and risk services

 

UW Capability Development:

• Determines SBU underwriting investment needs to continue monitoring and/or executing effectively, including data capture or strategy.
• Monitors existing training and talent development programs across the globe to ensure proper levels of technical training for Energy Transition.
• Drives knowledge sharing for relevant global and regional trends and information on evolving nature of risk, performance results, claim trends, etc. that will then be used to inform local underwriting strategy decisions.

 

Talent Management

• Operates in Team of Teams environment, leading product and/or underwriting analyst professionals to enable global execution of product initiatives

 

 

Qualified candidates should have:

• Extensive Underwriting P&L experience
• Deep experience in technical training for Energy Transition
• Energy Transition product expertise and underwriting experience, working knowledge of relevant products. Deep understanding of how the pieces of the organization fit together to create value and deliver results. Maintain a solid grasp on the ever-changing context within which the business competes.
• Internationally experienced
• Leader with strategic mindset and demonstrated relationship building ability. Ability to form effective and trusting relationships with superiors, peers, and direct reports, studying, and meeting the needs of key stakeholders.
• Able to operate and influence in a complex matrix environment, acting as the convenor for capabilities owned by others. Can articulate views, engage other ideas, analyse data for insights, weigh alternatives, own the final call, and communicate decisions clearly.
• Able to advocate for Energy Transition top