Overview
Position Summary:
The primary job function is to manage product premium volume growth and profitability results within assigned states.
Geo-Salary Information
An in-person interview may be required during the hiring process
State specific pay scales for this role are as follows:
$118,664 to $230,619 (NJ, NY, WA, HI, AK, MD, CT, RI, MA)
$107,876 to $209,653 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)
$97,089 to $188,688 (UT, ID, MT, NM, SD, NE, KS, OK, IA, AR, LA, MS, AL, TN, KY, IN, SC, NC, WV)
In CA: Typical hiring range is $157,177 to $218,302
The expected base salary for this position will vary depending on a number of factors, including relevant experience, skills and location.
Responsibilities
Essential Job Functions:
- Product Owner for cross-functional team for assigned states/products, working with relevant departments such as Claims, Underwriting, Sales/Marketing, Customer Service, IT and outside contacts, including agents, regulators and industry groups.
- Independently develops and executes action plans and strategic direction for assigned states and product lines.
- Key contributor to strategic direction for product lines.
- Sets pricing and enhance the offerings to position the product towards profitable growth in the marketplace.
- Ensures quality and accuracy of work; from Identification, Analysis, CBA, Implementation, Post Monitoring, and Cross Functional coordination/communication.
- Maintains alignment with national model (allowing for regulatory and market condition deviations) and implementation to ensure successful development of the entire product line(s).
- Accountable for product success in one or more assigned states/products. Product lines to include, but not limited to, Auto and Property.
- Recruits, manages, and develops Product Analysts and Assistant Product Managers.
- Other functions may be assigned.
Qualifications
Education:
Minimum:
- Bachelors Degree required in Statistics, Economics, Mathematics, or related field.
Preferred:
- Master's degree desired in Statistics, Economics, Mathematics, or related field.
Experience:
Minimum:
- 5+ years of experience working with property and casualty insurance industry products or 3+ years with a Master's Degree
- Supervisory experience required
- At least 2 years of experience as a Product Manager 1 or equivalent position.
- Or equivalent combination of education and/or experience.
Preferred:
- 5 or more years of experience with Commercial Multi-Peril
Knowledge and Skills:
- Proven ability to constructively tackle new or complex problems and make data-driven decisions, often with limited or incomplete information.
- In-depth technical knowledge of industry products and services, philosophy and best practices and the ability to apply such knowledge in a strategic capacity
- Excellent written and verbal communication skills to correspond with management, internal and external customers
- Advanced problem-solving, quantitative, and analytical skills
- Relentlessly curious
Perks and Benefits
We offer many great benefits, including:
- Competitive compensation
- Flexibility to work from anywhere in the United States for most positions
- Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours)
- Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus)
- Medical, dental, vision, life, and pet insurance
- 401 (k) retirement savings plan with company match
- Engaging work environment
- Promotional opportunities
- Education assistance
- Professional and personal development opportunities
- Company recognition program
- Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more
Pay RangeUSD $118,664.00 - USD $230,619.00 /Yr.