Director of Product Development

Company: Assurant
Location: Key Biscayne
Posted on: October 14, 2021

Job Description:

Reporting to the VP, Product Management Executive, the Director of Product Development will lead and manage key product development initiatives to support the Multi-Family Housing business objectives.  Along with evaluating new products and services.  The director will play a key role in the product development and growth for Multi-Family Housing.  This position requires high energy, a positive attitude and a team player mentality.  Strong communication skills, project management, research, organizational and analytical problem-solving skills are essential.

Primary Responsibilities

• Strategically manages the New Product Development function for the Multi-Family Housing business and works closely with cross-functional enablers in Operations, Technology, Actuarial and Legal to take prototype business cases from pilot programs to full launches

• Owns and drives the development of new products or business ideas that are in line with the Multi-Family Housing strategic imperatives

• Manages initiative budgets to ensure product development cost/benefit expectations are being met and revenue streams are generated at planned or better than plan levels

• Works with the Multi-Family Housing team to identify, evaluate, and recommend strategic growth initiatives to ensure a robust pipeline of new initiatives

• Owns the assigned initiatives to ensure that business cases are met for both pilot and full launch initiatives

• Develops business case for concepts, including helping to assess in-market potential of concepts in order to maximize revenue potential and minimize duplication of efforts

• Identifies key research needs to help identify unmet needs, builds business case for funding research, recommends a research strategy and leads the team’s research implementation

• Negotiates internally with senior management and externally with clients, third party vendors and strategic partners

• Works with legal teams to effectively manage Intellectual Property and protect assets

• Oversees the handover of successful product introductions to operations management after specified test period or initial rollout

• Supports peers to define growth strategy and identify, evaluate, and recommend strategic growth initiatives to ensure a robust pipeline of new initiatives

• Support peers in operations management in making recommendations for product enhancements.

• Coaches and mentors peers and staff to build organizational expertise

Basic Qualifications

• 8 years of Financial Services or Insurance industry business experience

• 6 years of experience in new product development or product management

• B.S./B.A. degree

Preferred Qualifications

• M.B.A. or equivalent advanced degree

• 6 years of experience in leading teams

• Experience successfully developing and implementing new profitable products and /or businesses

• Experience successfully communicating with, selling to, and obtaining the support of senior leadership on new initiatives

• Excellent oral, written, and presentation skills to effectively communicate product implementation strategy and corresponding operating procedures to all levels within the company

• Proven ability to think strategically and innovatively

• Demonstrated ability to lead cross functional teams

• Problem solving ability and the ability to adapt to shifting priorities and align activities and priorities to meet organizational goals

• Ability to process complex time sensitive data and information from multiple sources, make decisions based on this data, and to effectively communicate the related required actions to a broad audience

• Strong project management skills and good organizational skills to complete multiple complex tasks in a timely fashion

• Knowledge of and past use of innovation and new product development tools

• Ability to draw upon a broad base of technical skills to creatively solve complex product development challenges

• Ability to perform in a fast paced, dynamic and ambiguous business environment

• Ability to work with senior level specialists in Legal, Actuarial, Finance, Operations, and Marketing

• P&C insurance experience

What You Should Know About Us

Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately $30 billion in assets and $9 billion in annual revenue. Assurant has approximately 14,500 employees worldwide and is headquartered in New York's financial district. www.assurant.com.

• Assurant, Inc. helps people protect what matters most to them

• We have been around for a while with our roots tracing back to 1892

• We are a Fortune 500 company employing approximately 15,000 people in 21 countries

• We provide specialty protection products and related services to safeguard against risks

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