Product Development Manager

Ryan Specialty

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profile Job Location:

Chicago, IL - USA

profile Yearly Salary: $ 136000 - 170000
Posted on: 3 days ago
Vacancies: 1 Vacancy

Job Summary

Position Summary

The Product Development Manager is responsible for developing and implementing the strategy for technology products operational efficiencies and AI priorities within the specialty insurance and MGU segments. The role drives innovation establishes KPIs provides regular updates to senior management engages with stakeholders across technology operations finance and other internal and external partners and develops training materials on new technology products. They lead a collaborative team of product development professionals overseeing design requirements and end-to-end product management following SDLC best practices.

What will your job entail

Job Responsibilities:

  • Leads and manages a team of product development professionalsincluding product managers analysts and specialistswhile fostering a collaborative and innovative culture that drives the successful delivery of new insurance product initiatives.
  • Partners with Project Management Product Management Process Engineering and IT to translate business requirements into successfully implemented insurance technology solutions.
  • Owns execution across complex insurance technology initiatives including core policy administration systems digital underwriting platforms workflow automation and thirdparty integrations.
  • Follows project management best practices across both Agile and Waterfall methodologies.
  • Develops and executes the overall product development strategy ensuring alignment with company goals market trends financial performance expectations and specialty insurance growth priorities.
  • Leverages deep underwriting and MGU operational knowledge to configure and implement technology solutions across the full policy lifecycleincluding submission intake triage quoting workflows binding endorsements cancellations renewals compliance and reporting.
  • Collaborates with underwriting teams actuaries and finance partners to assess risk set pricing strategies evaluate profitability and ensure products are financially viable across their lifecycle.
  • Leads the implementation optimization and ongoing support of AIenabled underwriting and decisionsupport platforms focusing on usability rule execution exception handling and operational adoption rather than pricing model development.
  • Oversees the endtoend lifecycle of product development and enhancement projects ensuring timelines budgets resource allocations and cross-functional deliverables are met.
  • Monitors and report on project performance risks and outcomes to executive leadership.
  • Drives innovation and differentiation within specialty insurance introducing new product features underwriting capabilities and technology integrations that enhance competitiveness.
  • Defines KPIs and monitors product performance leveraging data analytics financial insights and underwriting trends to identify opportunities for improvement and drive continuous optimization.
  • Creates training materials and provides education to internal teams agents and customers ensuring effective understanding of new products underwriting workflows and AIdriven tools.
  • Serves as a subject-matter expert on underwriting operations offering guidance on submission workflows routing risk selection documentation standards and policy lifecycle management.


Required Experience:
Bachelors degree; Product Management Business Administration Engineering or related field.
3 years of experience in insurance product implementation product operations or insurance technology consulting

Deep understanding of Managing General Underwriter (MGU) business.

Strong background in project management change management and business case development.

Expertise in both Agile and Waterfall SDLC Methodologies.

Preferred Experience:
Masters degree

Experience with AI-driven business solutions.

Background in acquisition integration and operational excellence.

Familiarity with digital modernization strategies and tools.

Skills:
Technical/Functional Skills:
New Product Development
Product Development Lifecycle
Insurance Product Management
Product Roadmap
Agile Product Development
Acceptance Testing
Product Requirement Analysis
Product Strategy
Product Pricing
Quality Assurance
KPI Tracking

Behavioral Skills:
Business Relationship Management
Effective Communication
Team Management
Executive Presence
Problem Solving
Decision Making

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race creed color religious beliefs physical or mental capabilities gender identity or expressionsexual orientation and many other characteristics bring together varied perspectives and add value to the service we provide our clients trading partnersand policy extends to all aspects of our employment practices including but not limited to recruiting hiring discipline firing promoting transferring compensation benefits training leaves of absence and other terms conditions and benefits of employment.

How We Support Our Teammates

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them and their family members achieve their physical financial and emotional well-being addition to paid time off for company holidays vacation sick and personal days Ryan offers paid parental leave mental health services and more.

The target salary range for this position is $136000.00 - $170000.00 annually.

The wage range for this role considers many factors such as training transferable skills work experience licensure and certification business needs and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards visit our website provide individuals with disabilities reasonable accommodations to participate in the job application or interview process to perform essential job functions and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at

The above is intended to describe this jobs general requirements. It is not to be construed as an exhaustive statement of duties responsibilities or physical requirements. Nothing in this job description restricts managements right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.


Required Experience:

Manager

Position SummaryThe Product Development Manager is responsible for developing and implementing the strategy for technology products operational efficiencies and AI priorities within the specialty insurance and MGU segments. The role drives innovation establishes KPIs provides regular updates to seni...
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Offers services through highly specialized managing general underwriters with unparalleled knowledge and expertise in niche markets.

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