Product Manager in Melbourne

Join VMIA, the Victorian Government’s insurer and risk adviser, as Product Manager – Property & Casualty. Lead a team of product specialists to deliver contemporary, financially sustainable insurance solutions that meet evolving client and sector needs. Oversee the end-to-end product lifecycle, pricing models, underwriting standards and portfolio performance, while contributing to reinsurance strategy and strong governance. Collaborate across VMIA and build trusted relationships with clients and insurance partners.

Bring experience in insurance, product, broking or underwriting, strong Property and Casualty expertise, proven people leadership and commercial acumen. Relevant tertiary qualifications and ANZIIF certification or equivalent are required.

Key highlights:

• Salary range: $208,094–$231,265 total remuneration package, inclusive of superannuation.
• Hybrid work environment: Enjoy a mix of office and flexible work arrangements that support connection and collaboration.

About the role:

VMIA is the Victorian Government's insurer and risk adviser, covering the people, places and projects that help Victorians thrive. Our purpose is to build a confident, resilient Victoria through world-leading harm prevention and recovery. As our Product Manager – Property & Casualty, you'll lead a team of product specialists to develop and manage insurance products that meet the evolving needs of our clients and sectors. Reporting to the Head of Product Centre within the Risk, Insurance and Claims Solutions division, you'll oversee the end-to-end product lifecycle, pricing models, underwriting standards and portfolio performance. You'll combine technical insurance expertise with people leadership to ensure our products remain contemporary, scalable and financially sustainable.

Key responsibilities:

• Lead the end-to-end insurance product lifecycle, from development and implementation through to review and retirement.
• Ensure products respond to client and sector needs, changing risk profiles, policy direction and emerging risks.
• Prioritise product improvements using data, market insights and feedback from clients and internal teams.
• Support the development and oversee the maintenance of pricing models, underwriting tools and product documentation.
• Monitor portfolio performance and use analysis to improve pricing, risk assessment and product outcomes.
• Lead complex underwriting and pricing decisions for individual risks, providing specialist advice on complex insurable risks.
• Contribute to VMIA's reinsurance strategy, program design, submissions and marketing activities, while maintaining relationships with key reinsurance partners.
• Collaborate across the business to align products with operational systems, processes and capability requirements.
• Maintain strong governance, compliance and risk management practices, including identifying and addressing risks, issues and incidents.
• Lead, coach and develop product specialists, setting clear expectations and supporting performance, professional growth and wellbeing.

Who you work with:

You’ll work closely with the Head of Product Centre and colleagues across VMIA's Government, Health, and Infrastructure & Energy Sector Practices, Claims Practice, Service & Delivery, Actuarial, and Insight & Analytics teams. You’ll also collaborate with leaders across the Risk, Insurance and Claims Solutions division and cross-functional project teams to deliver effective product solutions. Externally, you’ll build trusted relationships with VMIA clients, reinsurance brokers and providers, professional associations and insurance market forums.

What we are looking for:

• Experience in insurance, product, broking or underwriting roles, with a demonstrated record of leadership and delivery.
• Strong technical knowledge of Property and Casualty insurance, including commercial insurance coverage, policy terms, conditions and exclusions.
• A sound understanding of reinsurance markets and program structures, with the ability to support value-for-money outcomes.
• Experience working with or advising public sector clients, particularly within the Victorian Government context.
• Demonstrated experience leading, coaching and developing high-performing teams.
• Strong client and stakeholder relationship skills, with the ability to understand needs, provide clear advice and build trust.
• Commercial acumen and strong data and business analysis skills to inform pricing, product and portfolio decisions.
• Exposure to digital insurance tools or product innovation initiatives.
• Established relationships across the insurance industry and a commitment to sharing knowledge and strengthening capability.
• A collaborative leadership approach that promotes accountability, inclusion and continuous improvement.

Qualifications and eligibility:

• A tertiary qualification in Business, Insurance, Risk Management, Actuarial or a related field.
• Certified membership of the Australian and New Zealand Institute of Insurance and Finance (ANZIIF), or equivalent.
• The right to work in Australia.
• Ability to meet fit and proper person requirements under APRA guidelines.

Why join VMIA?

At VMIA, we believe diversity drives innovation. We are committed to creating an inclusive environment where everyone feels valued and empowered to contribute their unique perspectives. We offer:

• Flexible work: Hybrid working arrangements to support your best performance.
• Parenting support: Generous parental leave, including 16 weeks of paid leave for primary carers and four weeks for secondary carers after six months of service.
• Learning and development: An annual investment of $2,500 in your growth, plus in-house training and access to LinkedIn Learning.
• Wellbeing: Wellness sessions, an Employee Assistance Program (EAP) and ergonomic support.
• Culture and lifestyle: An iconic office location, volunteer leave and life-stage support.

We welcome applications from people of all gender identities, Aboriginal and Torres Strait Islander peoples, individuals with disabilities, culturally diverse communities and members of the LGBTQIA+ community.

Salary information: VMIA offers competitive salaries based on the role's classification and your skills and experience. New employees typically start at the minimum of the salary range. A higher starting salary may be considered where you demonstrate extensive experience.