PL Product Manager II/Senior

Farmers Insurance is an insurance company focused on delivering peace of mind to its customers. The Product Manager II/Senior manages an assigned insurance product within a geographic territory, evaluates profitability and market conditions, develops growth strategies, coordinates regulatory input, and leads collaboration across internal functions.

Responsibilities:

• Responsible for managing all aspects of their product within assigned geographic territory, generally two mid-size states
• Assesses profitability, growth, competitors, strategies, and initiates changes to the product or rating approach in the territory in order to maximize Farmers’ opportunities
• Responsible for profits/losses in assigned product/territory
• Analyzes internal and external data to fully understand profit, production, competitive position and market trends to develop strategies to drive profitable growth
• Develops long-and short-term plans for their assigned product/territory with corresponding State Manager
• Leverages market research to identify growth opportunities withing the assigned product/territory
• Takes leadership role in special projects as assigned by State Manager
• Collaborates with internal partners in Distribution, Underwriting, Analytics, Actuarial, IT, and Claims to understand profitability, market opportunities and potential system changes
• Coordinates state and home office legislative and regulatory affairs by providing input on key bills and regulation
• Recruits, trains and develops product analysts

Requirements:

• High School Diploma or equivalent required
• Bachelors degree highly preferred (possibly required for certain roles) in mathematical or statistical field
• Proficient PC Skills, including Excel, Access, SAS, Word and basic programming for statistical purposes
• Excellent verbal/written co mmunication skills, including ability to make effective presentations and write articles publishable in trade magazines
• Sits or stands for extended periods of time, up to a full work shift
• Occasionally reaches overhead and below the knees, including bending, twisting, pulling, and stooping
• Occasionally moves, lifts, carries, and places objects and supplies weighing 0-10 pounds without assistance
• Listens to, interprets, and differentiates auditory information (example others speaking) at normal speaking levels with or without correction
• Visually verifies and reads information
• Visually locates material, resources and other objects
• Ability to continuously operate a computer for extended periods of time, up to a full work shift
• Physical dexterity sufficient to use hands, arms, and shoulders repetitively to operate keyboard and other office equipment up to a full work shift
• Graduate degree preferred
• Personal lines product management experience in complex states is highly preferred
• Product Analyst, Actuarial or similar experiences within property and casualty personal lines insurance preferred