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Product Development Practice Lead Position

Sproutr is looking for an experienced Commercial Product Development
Practice Lead
to support new product innovation and growth.


Sproutr is a new, first-of-its-kind underwriting and product-building firm who exists to accelerate and support insurance-focused companies and Insurtechs in need of “builder” skills. We are subject-matter experts in our respective disciplines and look to use that experience in a more integrated, holistic manner.


At Sproutr, we bring our deep industry expertise to support start-up, early venture, and growthstage insurance-focused organizations during their build-out phase. We ARE who founders call to create the insurance assets needed to design, incubate, and accelerate their teams’ vision. Above all, we are the insurance practitioners the industry trusts to deliver innovative approaches to products and ideas.

 

If the “start-up” culture is (or was) appealing to you but you prefer a less frenzied environment,
Sproutr offers the best of both cultures. You will be a part of building across different projects at various stages of our clients’ evolution without the pressure of start-up flash. We are insurance veterans who LOVE insurance; looking to clear the path for insurance entrepreneurs.

 

We are looking for a self-described and motivated insurance nerd who has proven, technical
insurance skills wanting to tilt their practical underwriting experience towards the next
generation of underwriting in the Insurance/Insurtech space.


The ideal candidate is someone who genuinely wants to advance the insurance industry by
applying their experience in new ways. You will be joining a company designed to launch new
insurance products/programs.


WHAT YOU’LL DO:

  • Oversee all aspects of Sproutr’s product development practice including product and process design, workflow, production and implementation in collaboration with the multidisciplinary functions of underwriting and compliance.

  • Use your industry subject-matter expertise to both “lead and do” in service of client deliverables. Serve as a contributor, communicator, and drafter of the final work product including but not limited to applying core underwriting principles to emerging and developing risks, review underwriting guidelines, and recommend the product outcomes stemming from the guidelines and business objective.

  •  Ability to deconstruct traditional product development processes into simplified and elegant steps (agile and/or design thinking is encouraged) providing consulting to clients on tailored solutions.

  • Perform required industry research, product discovery, and continual learning to use underwriting guidelines to support profitability for the clients’ program/product lines.

  • Stay ahead of regulatory and compliance changes, as well as liability exposure trends that could impact clients.

  • In collaboration with Sproutr leadership, participate in resource allocation and capacity planning including evaluation of tools budget and utilization.

  • Work with cross-functional team members to put optimal programs and products together; such as actuarial, data modeling, sales, coverage counsel, operational and technical product management / engineering.

  • Lead meetings with clients, setting up project plans in coordination with Sproutr product development leads, conduct periodic client check-ins and ensure deliverables meet client expectations.

  • Provide leadership to Product Development Practice team, helping to attract, grow, and  develop talent.

  • As an industry thought leader, be visible and active in P&C Insurance industry events to attract new and maintain clients and promote the brand of Sproutr.

YOUR TRAITS:

  • You know the difference between a short-cut and short-term solution

  • You conduct yourself ethically, always

  • You are highly-detailed with the ability to filter out the noise to avoid “analysis paralysis”; you can focus on what matters and move forward

  • You have a high standard of what “good” looks like; the deliverable represents you and the company

  • You understand how to deploy the insurance tools available to influence profitability – you bring your learnings for others to benefit

  • You are able to translate sometimes complex ideas into objective and executable documents, spreadsheets, and operational instructions

  • You have experience with multiple lines of business

  • You don’t need prompting to collaborate with internal colleagues and clients

  • You show, not just tell

  • You are resourceful and can develop solutions creatively

  • You can see the “big picture” and pragmatically break a problem down into incremental and “bite-size” pieces

  • You are patient, emotionally intelligent, and flexible when life happens around you


QUALIFICATIONS - YOU ARE AN EXPERT AT SEVERAL OF THESE

  • Experience with multiple lines of business within Commercial Property, Casualty or Speciality Lines serving the small and middle market business sector

  • Underwriting, insurance program management, insurance product development, insurance product management, compliance background

  • Experience working in or supporting MGA/MGU and/or with a Property & Casualty (P&C) carrier, insurance consultancy practice or Insurtech

  • Tangible results and track-record

  • Project management and governance, ability to effectively manage multiple projects with the ability to prioritize high-impact work

  • Coverage language drafting experience or familiarity of the process

  • Operational mindset, you know how the pieces fit together

  • Knowledge of how to translate underwriting requirements into policy admin systems effectively

  • Solid math, analytical and/or quantitative skills

  • Microsoft Office Suite, including Teams, Word, Excel, product authoring programs

 

Nice to have: CPCU, JD


ABOUT SPROUTR


Sproutr exists to help founders, distributors, carriers, venture capital firms realize
new insurance opportunities by delivering the tangible insurance assets needed to deliver
products and programs thru experienced insurance practitioners with “doer/builder” skills to derisk incremental innovation.


The founder has successfully led insurance business units and underwriting and product teams for Fortune 500 insurance Companies as well as holding executive positions within unicorn Insurtechs.


COMPENSATION

 

The compensation plan rewards talented individuals through competitive base pay, rewarding
those demonstrating exceptional performance with additional incentive, and/or merit-based pay.


Sproutr values work-life balance with a remote-first work environment, flexible work hours and
generous time off.


Applicants must be authorized to work in the US as we are unable to sponsor.


Sproutr is an equal opportunity organization.

To Apply please  email us.

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