PL Product Manager II/Senior

Summary

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

Skills

• 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

Qualifications

Must Haves

• 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

Nice to Haves

• 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

Benefits

• Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered.
• Bonus Opportunity (based on Company and Individual Performance)
• 401(k)
• Medical
• Dental
• Vision
• Health Savings and Flexible Spending Accounts
• Life Insurance
• Paid Time Off
• Paid Parental Leave
• Tuition Assistance