Product Line Management - Sr. Manager

Allstate Insurance Company   •  

Chandler, AZ

Industry: Accounting, Finance & Insurance

  •  

11 - 15 years

Posted 47 days ago

This job is no longer available.

Where good people build rewarding careers.

Think that working in the insurance field can’t be exciting, rewarding and challenging? Think again. You’ll help us reinvent protection and retirement to improve customers’ lives. We’ll help you make an impact with our training and mentoring offerings. Here, you’ll have the opportunity to expand and apply your skills in ways you never thought possible. And you’ll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.

Job Summary

The Sharing Economy is a rapidly growing, complex and dynamic marketplace. Allstate Business Insurance has taken a leadership position in the Shared Economy and is devoting significant resources to further expand products, capabilities and customers. Our team has successfully executed rapid expansion into rideshare and vehicle-share companies, and we are developing insurance and technology solutions for new customers across auto, home / office, and gig-service models.

Allstate Business Insurance is a ~$650 million operation, poised to be a top 10 Commercial Auto insurer by 2020, and is backed by the resources and strategic vision of Allstate Corporation (NYSE: ALL).

The Product Line Management team is responsible for making business decisions on ABI lines of insurance, appropriately considering product, pricing and risk management levers. In addition, the team evaluates the opportunities and challenges in the marketplace and builds strategies to address them while ensuring integration with other business units to achieve growth and profitability objectives.

The Product Line Senior Manager supports profit and growth targets for Allstate Business Insurance, including responsibilities for one or more Lines of Business (Auto, Business Owners, Package, Umbrella, Workers Comp, etc.). This individual provides assistance in developing and executing integrated strategies and coaching others to achieve desired growth and profit goals; drawing upon expertise in product, pricing, risk management and knowledge of the business to achieve business goals. This position will lead teams and develop products, services or recommendations to support the overall health of the line and effectively act as a liaison, collaborating with departments and businesses that have ownership of executing the implementation of products, services or processes.

Key Responsibilities

Develops Line Strategies and Plans

  • Support in the development of short and long-term strategies to achieve market share growth and profitability targets on a countrywide basis
  • Ensure an effective strategy is developed and implemented for the integration and execution of product, pricing and risk management for countrywide usage
  • Contribute to and/or lead innovative strategies which may include new distribution channel initiatives, best practices and new products and services
  • Provide forward thinking analysis to gain competitive advantage from a countrywide view
  • Design and support innovations in all aspects of the product development lifecycle
  • Support the Line Management Director and other leaders in providing input and feedback on various critical projects impacting stakeholders
  • Liaise with other AORs to provide product input, as well as assists/leads the execution that involves the product
  • Determine operational parameters to get new products/projects implemented
  • Responsible for seeking out resolutions to product barriers
  • Utilize analysis of the industry from internal and external sources(competitive analysis, demographics, emerging issues) to formulate strategic recommendations on countrywide pricing, product or risk management

Leads Integration and Execution

  • Work directly with stakeholders and cross functional AORs including marketing, sales and field product organization to align on strategies and execution methods
  • Lead and ensure coordinated efforts across the organization to facilitate the implementation of initiatives
  • Provide thought leadership and recommendations to leaders regarding initiatives and strategic fit
  • Coordinate and collaborate with MOC leaders to ensure implementation success
  • Manage activities to ensure appropriate development, and execution of products
  • Measure and communicate results; make recommendations to leaders on redirection opportunities of efforts
  • Manage countrywide product and or process changes
  • Present business cases and influence others to take recommended actions on proposed countrywide strategies or results
  • Sponsor and/or provide stewardship on initiatives that can be consumed by MOCs or other AORS
  • Lead and direct the analysis necessary to achieve line goals

Job Qualifications

  • Education: Bachelor’s degree or equivalent experience
  • Experience: 10+ years of experience
  • Advanced product, price, underwriting and insurance regulation knowledge, with working knowledge of personal lines rate plans and product offerings
  • Demonstrate and foster a sense of urgency, strong commitment and accountability while supporting sound business decisions and achieving goals
  • An advanced knowledge about business in general and, multi-dimensional knowledge of industry and company economics;
  • Develop and/or revise business tactics to support changing business strategies and direction;
  • Analyze and interpret complex concepts; Ability to solve complex problems
  • Leads and collaborates across boundaries to implement decisions and / or initiatives in an integrated manner
  • Measure, evaluate, and act on results (financial and operational);
  • Execute on a wide range of defined complex situations with minimal guidance
  • Consistently achieves superior results
  • Strong communication skills combined with the ability to influence others
  • Strong people and thought leadership; Ability to develop, mentor and coach others

The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.