Catastrophe Risk Product Manager
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.
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.
Note on Fraudulent Recruiting
We have become aware that there may be fraudulent recruiting attempts being made by people posing as representatives of Next Insurance. These scams may involve fake job postings, unsolicited emails, or messages claiming to be from our recruiters or hiring managers.Please note, we do not ask for sensitive information via chat, text, or social media, and any email communications will come from the domain @nextinsurance.com. Additionally, Next Insurance will never ask for payment, fees, or purchases to be made by a job applicant. All applicants are encouraged to apply directly to our open jobs via the careers page on our website. Interviews are generally conducted via Zoom video conference unless the candidate requests other accommodations.If you believe that you have been the target of an interview/offer scam by someone posing as a representative of Next Insurance, please do not provide any personal or financial information. You can find additional information about this type of scam and report any fraudulent employment offers via the Federal Trade Commission's website (https://consumer.ftc.gov/articles/job-scams), or you can contact your local law enforcement agency.
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.
Want more jobs like this?
Get jobs in Boston, MA delivered to your inbox every week.
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.
Perks and Benefits
Health and Wellness
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- FSA
Parental Benefits
- Birth Parent or Maternity Leave
- Non-Birth Parent or Paternity Leave
Work Flexibility
- Flexible Work Hours
- Remote Work Opportunities
Office Life and Perks
- Commuter Benefits Program
- Casual Dress
- Happy Hours
- Snacks
- Some Meals Provided
- Company Outings
Vacation and Time Off
- Paid Vacation
- Unlimited Paid Time Off
- Paid Holidays
- Personal/Sick Days
Financial and Retirement
- 401(K) With Company Matching
- Company Equity
- Performance Bonus
Professional Development
- Learning and Development Stipend
- Promote From Within
- Mentor Program
- Shadowing Opportunities
- Access to Online Courses
- Lunch and Learns
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program