General Motors

AVP State Product Management - General Motors Insurance

General Motors$170K — $258K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Extensive knowledge of personal auto insurance products and regulatory systems.
  • Proven experience in developing innovative solutions for complex business challenges.
  • Strong relationship management skills with senior management and technical teams.
  • Demonstrated success in managing insurance product performance across complex states.
  • Experience in leading and mentoring teams to develop talent.
  • Quantitative analysis skills to conduct detailed business analyses and interpretations.
  • Exceptional communication and teamwork capabilities.

Responsibilities

  • Establish strategic vision and implement business plans for profit and growth in assigned states.
  • Manage, mentor, and develop state managers and staff.
  • Prioritize and allocate resources for state insurance product initiatives.
  • Influence product and operational direction on a nationwide level.
  • Project financial outcomes for a portfolio of states based on strategic actions.
  • Take ownership of P&L for complex states.
  • Conduct market analysis to identify threats and opportunities and recommend responses.

Benefits

  • 401K matching from day one.
  • 12 weeks of paid bonding leave for new parents.
  • Tuition assistance and training support.
  • GM employee auto discount program.
  • Community service pay offered.
  • Nine company holidays observed throughout the year.
Full Job Description
Job Description

Responsibilities

About the role:

Opportunity to work exclusively remote.

The AVP State Product Management is responsible for managing a portfolio of states and the managers who run them. They also have direct P&L ownership of one or more complex states and may be responsible for launching a new state.

The AVP provides expert-level product and regulatory knowledge, and coaches managers on market knowledge, product judgment, and filing approach. They tackle cross-functional, multi-state problems with high ambiguity. They can anticipate downstream impacts and resolve issues that require coordination across business units.

The AVP sets direction and ensures consistency in product strategy across states. They influence prioritization of state and countrywide insurance product initiatives, plan resource allocation and inform financial planning through strong business cases. They shape decisions at senior levels by delivering strategic insights and product direction.

This is a highly visible position that offers an excellent opportunity to interact with a variety of business leaders across the enterprise (Product & Design, Technology, Consumer Acquisition, Customer Engagement, Claims, Finance, Legal, etc).

In this role you will:
  • Responsible for establishing strategic vision and implementing business plans to achieve profit and growth targets in portfolio of states
  • Manage, mentor and develop state managers and other staff
  • Prioritize state insurance product initiatives and manage allocation of team resources
  • Influence direction of countrywide product and operational initiatives
  • Project premium and loss ratio for portfolio of states in consideration of planned actions
  • P&L ownership of one or more complex state(s)
  • May be responsible for launching a new state
  • Serve as product and regulatory expert to State Product Management and other teams
  • Monitor the market conditions and competitive, legislative and regulatory environments in portfolio of states to identify emerging threats and opportunities and recommend plans for responding
  • Investigate and resolve potential compliance issues
  • Develop hypotheses and seek out new ideas and approaches to business issues
  • Seek continuous process improvement


Qualifications

What makes you an ideal candidate?
  • Substantial knowledge of the personal auto insurance product, including coverage, underwriting, operations, pricing and the insurance regulatory system
  • Experience developing and implementing new, creative and effective solutions to highly complex business issues
  • Experience managing relationships with upper management and with technical roles
  • Proven track record managing insurance product performance, including one or more complex states
  • Experience managing, mentoring and developing people
  • Ability to utilize quantitative approaches to generate sound business analyses with detail orientation. Identify results out of the norm, draw conclusions and articulate findings
  • Exceptional interpersonal, communication (verbal and written), cross-collaboration and team skills
  • Ability to manage multiple projects simultaneously
  • Strong in the use of Microsoft Office software including strong ability to analyze data using Excel for reporting and data mining purposes
  • Ability to meet expected delivery dates and the tasks necessary to achieve objectives
  • Strong ability to lead, organize, and supervise


Work Experience
  • 5-7 years Related professional experience with analysis and/or managing insurance performance including product management, actuarial, underwriting required
  • 5-7 years Leading direct reports or matrixed project teams required

Education
  • Bachelor's Degree or equivalent experience required


Licenses and Certifications
  • Certifications such as FCAS/ACAS or CPCU are a plus[


What We Offer: Generous benefits package available on day one to include: 401K matching, bonding leave for new parents (12 weeks, 100% paid), tuition assistance, training, GM employee auto discount, community service pay and nine company holidays.

Compensation: Competitive pay and bonus eligibility.

Work Life Balance: 100% remote

The base salary for this role is $170,000 to $258,000.

At GM Financial, we strive for transparency in all aspects of our business, including pay equity. This is the GM Financial pay range for this role and job level. The exact salary and compensation will vary based on factors like knowledge, skills, experience and education.

This role is eligible to participate in a performance-based incentive plan. Full-time employees are eligible to participate in health benefits on day one of employment.

NOTE:We are unable to consider candidates who require visa sponsorship for this position

This position is not open to agency submissions.

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About General Motors

General Motors Company engages in the manufacture and sale of cars and trucks in the United States, China, Brazil, Germany, the United Kingdom, Canada, and Italy. It offers sedans, crossovers, sport utility vehicles, pick-up trucks, coupes, sports/convertibles and hybrid vehicles, hatchbacks/wagons, and vans, as well as mini cars in India. The company also provides parts and accessories, such as iPod and MP3 compatibility, mobility accessories, performance parts, AC parts and services, and merchandise. In addition, it offers vehicle safety, security, and information services. The company provides used vehicles. It offers its products through dealers and distributors. General Motors Company was formerly known as NGMCO, Inc. and changed its name to General Motors Company in July 2009. The company was incorporated in 2009 and is based in Detroit, Michigan. It operates manufacturing facilities in India, the United States, and Canada. General Motors Company operates as a subsidiary of the United States Department of The Treasury. General Motors led global vehicle sales for 77 consecutive years from 1931 through 2007, longer than any other automaker, and is currently among the world's largest automakers by vehicle unit sales. General Motors acts in most countries outside the USA via wholly-owned subsidiaries but operates in China through 10 joint ventures. GM's OnStar subsidiary provides vehicle safety, security, and information services. In 2009, General Motors shed several brands, closing Saturn, Pontiac, and Hummer, and emerged from a government-backed Chapter 11 reorganization. In 2010, GM made an initial public offering IPOs to date and returned to profitability later that year.

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Learn more about General Motors
Size
157,000 employees
Market Cap
$46.9 billion
Industry
Net Income
$6.4 billion
Founded
1908
5 Year Trend
-3.2%
Revenue
$122.4 billion
NASDAQ

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