Product Development Lead for Design and Engineering Industries

6 days ago

Brisbane, Queensland, Australia beBeeProfessional Full time $180,000 - $240,000
Job Description

The Design and Engineering Practitioners Professional Indemnity (DEP PI) Underwriting Manager develops, executes, and drives the financial performance of the DEP product. This involves building the product, executing strategies, managing an underwriting team, and driving profitable growth within the DEP PI market.

  • Develop and execute DEP product strategies, including target markets, product differentiation, appetite, underwriting execution strategy, risk engineering, technology, and more.
  • Define and execute a cohesive underwriting plan and value proposition for intermediaries, aligned with the overall product strategy.
  • Execute the go-to-market proposition and distribution strategy for DEP, focusing on partners with high growth potential.
  • Work with Vero Specialty Lines and the broader team to ensure strategic alignment across underwriting, distribution, and product management.
  • Provide expertise into technology builds, ensuring infrastructure supports product growth, market fit, and scalability.

Requirements:

  • At least 10 years commercial experience in Design and Engineering Practitioners PI or equivalent Construction PI.
  • Proven experience in leading and developing teams in insurance, focusing on product development, strategy, underwriting, and financial performance.
  • Strong understanding of intermediary markets, underwriting principles, and insurance products, particularly in DEP PI.
  • Experience in building and implementing underwriting guidelines, delegated authorities, and profit and loss management processes.
  • Demonstrated ability to collaborate with technology vendors and internal teams to define and build technology solutions that support business goals.
  • Knowledge of reinsurance strategy and pricing algorithms.

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