Ready to innovate and direct GEICO’s profitable growth? If so, Read on!
The Government Employees Insurance Company (GEICO) is a private American auto insurance company with headquarters in Chevy Chase, Maryland. GEICO is a wholly owned subsidiary of Berkshire Hathaway and is the third largest auto insurer in the United States. In 2023, GEICO earned premiums worth over $40 billion U.S. dollars.
Drive GEICO’s profitable growth and innovate its products by joining our Insurance Product Management team. We are looking for an Associate Product Manager with high potential to strategically analyze potential opportunities and risks, and lead efforts to solve complicated business problems and effect positive change. You will be on the front line of driving GEICO’s long-term profitable growth, with responsibility for delivering results in one or more states.
Job Duties and Responsibilities:
The Insurance Product Management team has an opening for an Associate Product Manager who will build product strategy and drive pricing and non-pricing decisions leading to profitable growth. This role will be at the Associate Product Manager level and will have Senior Management visibility.
Manage state(s) to meet profitability targets and grow as fast as possible
Understand the assigned markets and develop specific strategies related to price, product and underwriting
Utilize analytical problem solving and leadership skills to execute and deliver product initiatives
Collaborate with subject matter experts and other company leaders to implement changes that enhance the customer experience
Research the competition to develop opportunity and threat assessments
Review and make recommendations on process and governance from a country-wide state management perspective
Direct end-to-end lifecycle of department and corporate initiatives
Advocate on behalf of the company with regulators and consultants and in legal and compliance matters
Manage rate filings through approval, reviewing and approving text for rate reviews, filings and internal communications
Implement product changes effectively and in compliance with laws and regulations
Prior experience in pricing and/or product analysis / product management with an understanding of basic product management concepts
Minimum of 5 years in P&C insurance industry with an understanding of the current environment
Working knowledge of insurance regulation and related business constraints
Capable of managing states with management oversight
Bachelor’s degree with relevant academic background
Must be a self-motivated, goal oriented individual with curiosity
Demonstrated ability to exchange ideas and convey complex information clearly, both verbally and in writing
Strong analytical abilities with solid understanding of pricing techniques and insurance operations including underwriting
Must have good planning, organizational, decision-making and communication skills
High level knowledge of data sources, tools, and modeling techniques
Ability to adapt to a fast-paced and changing environment and get work done through others
Preferred Qualifications:
Master’s degree in business or related field
Other industry designations: FCAS, ACAS, or CPCU
This position is remote within the United States
Annual Salary
$121,975.00 - $189,625.00
The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.
At this time, GEICO will not sponsor a new applicant for employment authorization for this position.
