Principal Product Manager I

About the Business

LexisNexis Risk Solutions is the essential partner in the assessment of risk. Within our Insurance vertical, we provide customers with solutions and decision tools that combine public and industry specific content with advanced technology and analytics to assist them in evaluating and predicting risk and enhancing operational efficiency. Our insurance risk solutions help drive better data-driven decisions across the insurance policy lifecycle, all while reducing risk. You can learn more about LexisNexis Risk at https://risk.lexisnexis.com/insurance

About the Role

The Principal Product Manager I is accountable for driving data quality, influencing contributory data strategy, and partnering with Data Governance and cross-functional stakeholders to ensure data is managed, governed, and utilized consistently across the enterprise. This role leads the identification and resolution of complex business and product challenges, influencing outcomes across delivery teams, organizations, and disciplines with minimal direction. In addition, this role will propose new business and/or product strategies that reflect the customer's current and future needs and will drive execution.

• Establish metrics, KPIs, and quality measures to assess health, completeness, accuracy, and business value

• Collaborate with technology partners to influence data modernization decisions, advocate for strong data stewardship, governance practices, and sustainable management of contributory data assets

• Partner internally and externally investigate and resolve data quality issues, articulate the business value of contributory data, and foster confidence in data-sharing programs and strategies

• Define contributory data stewardship practices, drive root-cause analysis, prioritize remediation efforts, partner with technology teams to implement long-term corrective actions, and monitor the effectiveness of remediation initiative

• Validate product and contributory data strategy based on knowledge of customers, competitors and market trends

• Prioritize hypothesis-driven product evaluation strategies, such as AB testing, while contributing to broader data-analyses strategies and platforms

• Develop go-to market strategy and launch plans at the product level through coordination with stakeholders and be accountable for coordinated execution across product, technology, sales, marketing and other customer-facing teams

• Leverage data insights and governance standards to guide prioritization and investment decisions

• Write and/or consult on requirements across multiple complex and cross-functional feature areas

• Drive contributory strategy and roadmap to deliver business impact for multiple products/product lines

Customer Focus

• Partner with customers to identify, investigate, and resolve data quality issues while promoting best practices for data stewardship and management

• Articulate the value of contributory data participation and help customers understand how data quality and contribution practices support better business outcomes

• Understands in depth competitive products and strategy, and how they influence customer decisions
• Discerns how value is defined and perceived by each customer segment
• Interacts with other companies in their industry domain and engages with start-ups
• Validates product strategy based on knowledge of customers, competitors and market trends

Data-Driven Decision-Making & Analysis
• Drives formulation of overall research/testing strategy and ensure decisions are based on data
• Prioritizes hypothesis-driven product evaluation strategies, including AB testing, while contributing to broader data-analyses strategies and platforms
• Evaluates the balance between quantitative and qualitative data needed for decision making
• Is skilled in breaking down large complex issues into simpler elements that can be effectively addressed
• Is energized by complex issues and problems that require creative solutions

Go to Market & Product Marketing Lifecycle
• Develops go to market strategy and launches plans at the product level through coordination with stakeholders and be accountable for coordinated execution across product, sales, marketing and other customer-facing teams
• Ensures ROI for go to market strategy, including revenue go