State Product Management - Personal Lines Product Manager

Farmers Insurance is a company that focuses on delivering peace of mind and making a real difference in people's lives. They are seeking a Personal Lines Product Manager who will be accountable for profit, loss, and growth for assigned markets or products, while developing and communicating product change recommendations cross-functionally.

Responsibilities:

• Has accountability for profit, loss, and growth outcomes for assigned markets or products, including ownership of results, tradeoffs, and corrective actions
• Utilize data, tools, dashboards, and reports in support of analyzing and managing the profit and growth of the business
• Develops and owns short and long term market and product strategies, aligning pricing, underwriting, and product actions to achieve business objectives
• Expertise of pricing and ratemaking principles and the rating and underwriting of products
• Demonstrate an expertise in marketplace insights, competitive intelligence, and regulatory issues to inform the management and design of products
• Understand the pricing and underwriting of competitor products in support of analyzing the performance of the business relative to the market and industry
• Develop, review, and approve product change recommendations, including rate level adjustments with a focus on matching price to risk
• Identify and lead the exploration of unstructured problems, such as investigation of variances, mix shifts, and impacts of competitor actions
• Leads regulatory strategy, Department of Insurance negotiations, and change management for assigned markets; accountable for filing outcomes and approvals
• Drives leadership alignment by framing tradeoffs, risks, and recommendations; influences decisions through clear articulation of strategy and outcomes

Requirements:

• High School Diploma or equivalent High school diploma or equivalent required
• Possesses strong product knowledge
• Understands principles of P&C pricing and underwriting
• Understands key indicators of product health
• Understands how to review and assess competitor product positioning and go to market strategies
• Excellent interpretation of complex statistical data
• Demonstrated analytical skills
• Strong presentations skills, able to distill complexity to communicate nuanced concepts for specific audiences
• Possesses strong technical aptitude
• Experience in Excel is required
• Effective interpersonal skills
• Demonstrated strategic thinking and business acumen
• Bachelor's degree in business or related fields such as mathematics, physics, engineering, economics, finance, statistics, accounting, or actuarial science
• Minimum 6 years of experience in US property & casualty (P&C) in a pricing or actuarial role; or related experience
• Experience navigating negotiations with Departments of Insurance and leading product changes in complex regulatory states
• People leadership experience