Location: Waltham, MA (hybrid)
We are seeking a forward-thinking Catastrophe Risk Insurance Product Manager to define and execute the catastrophe (CAT) risk strategy across our commercial lines portfolio. You will shape our CAT risk appetite, lead initiatives that integrate CAT modeling into underwriting and pricing, and guide organizational understanding of CAT exposure and mitigation. This high-impact role sits at the intersection of underwriting, analytics, technology, and product development, with accountability for delivering risk-resilient, profitable growth in CAT-exposed geographies.
What You’ll Do:
- Drive strategy and execution of CAT risk initiatives across commercial lines.
- Establish and refine concentration risk thresholds, exposure metrics, and monitoring frameworks aligned with underwriting and pricing goals.
- Partner with actuarial, underwriting, and engineering to incorporate CAT modeling results into rate plans, pricing segmentation, and eligibility rules.
- Manage vendor relationships and modeling workflows (e.g., RMS, AIR) and build dashboards that monitor evolving CAT risk concentrations.
- Leverage geospatial and custom analytics to assess emerging or non-modeled CAT risks.
- Translate CAT modeling outputs into business insights for profitable growth and risk governance.
- Collaborate cross-functionally to embed CAT risk considerations into product and growth strategies.
- Monitor regulatory, competitive, and technological trends in CAT risk management and drive innovation within the product team.
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What We Need:
- 5+ years of experience in commercial P&C insurance product management, risk analytics, reinsurance, or CAT modeling roles.
- Deep understanding of CAT risk drivers, CAT model outputs, and application to insurance pricing and underwriting decisions.
- Proficiency in one or more CAT modeling platforms (e.g. RMS) and geospatial tools.
- Ability to synthesize large, complex datasets into actionable insights for product enhancements.
- Track record of leading cross-functional initiatives and influencing outcomes.
- Clear, structured communication skills for both technical and non-technical audiences.
- Bachelor's degree in a relevant field required; advanced degree (MBA, MS) or insurance certifications (e.g., CPCU, ARe) are a plus.
The range displayed on this job posting reflects the minimum and maximum target for new hire salaries for the position in the location(s) listed. Within the range, individual pay is determined by additional factors, including, without limitation, job-related skills, experience, and relevant education or training. NEXT employees are eligible for our benefits package, consisting of our partially subsidized medical plan, fully subsidized vision/dental options, life insurance, disability insurance, 401(k), flexible paid time off, parental leave and more.
Don’t meet every single requirement? Studies have shown that some underrepresented people are less likely to apply to jobs unless they meet every single qualification. At NEXT, we are dedicated to building a diverse, inclusive and respectful workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.
One of our core values is 'Play as a Team'; this means making sure everyone has an equal chance to participate and make a difference. We win by playing together. Next Insurance is an equal opportunity employer and prioritizes building a diverse and inclusive workplace. We provide equal employment opportunities to all employees and applicants of any type and do not discriminate based on race, color, religion, national origin, gender, age, sexual orientation, physical or mental disability, genetic information or characteristic, gender identity and expression, veteran status, or other non-job-related characteristics or other prohibited grounds specified in applicable federal, state, and local laws. Next's policy is to comply with all applicable laws related to nondiscrimination and equal opportunity and will not tolerate discrimination or harassment based on any of these characteristics. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.