AAA

AVP Product Management

AAA

full-time

Posted on:

Location Type: Hybrid

Location: Admin Office Building • Missouri • United States

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Salary

💰 $220,000 - $240,000 per year

Job Level

Lead

About the role

  • Oversee all activities relative to product development.
  • Collaborate with leadership and peers in the establishment of objectives and goals for the Product Development department.
  • Develop and ensure the accomplishment of short and long-term goals and objectives for the assigned business unit.
  • Oversee and participate in the planning, development and implementation of policies, procedures and initiatives to improve performance, resolve complex issues, maintain quality and monitor expenses.
  • Develop and approve recommendations for enhancements.
  • Work with Product Managers to execute all activities and enhancements.
  • Maintain alignment with other product managers to ensure successful development of the entire product line for all regions/states.
  • Ensure compliance and adherence to applicable regulations and corporate guidelines.
  • Determine and implement the strategic positioning of Auto Club Group (ACG) products and services to meet member needs, build company revenues and meet corporate objectives within assigned states.
  • Coordinate and direct the development, implementation and administration of programs and policies for specific property/casualty (P&C) insurance lines underwritten by ACIA and affiliates.
  • Accountable for product premium volume growth and profit and loss results within assigned states.
  • Identify, forecast, integrate and communicate market trends to develop pricing structures and rate revisions for assigned state(s).
  • Develop and implement new/revised Property & Casualty products and programs.
  • Keep executive manager current on actions and programs as appropriate.
  • Participate in the development of marketing and sales programs for ACG personal lines products.
  • Coordinate the development, analysis and presentation of information regarding competitors, product performance and general insurance and market issues.
  • Act as a company representative in the interaction with independent insurance agents, vendors, insurers, trade associations, insurance bureaus, government agencies, etc.
  • Monitor budgetary activities.
  • Allocate and coordinate departmental resources, including personnel, and capital.
  • Oversee the development and distribution of department communications and various manuals related to new or revised procedures.
  • Establish positive working relationships with operations and corporate partners.
  • Develop and maintain relationships with appropriate trade or technical business groups.
  • Monitor and when necessary participate in the negotiation of contracts with vendors and service delivery partners.
  • Maintain up-to-date knowledge of industry best practices relative to assigned business unit operations.
  • Directly and/or indirectly, a staff of technical and professional personnel who may be distributed in one or more physical location.
  • Manage the department process related to the selection, hiring, training, development, coaching, review and counseling of assigned staff.

Requirements

  • Bachelor’s Degree in Business Administration, Liberal Arts or other field of study
  • Extensive experience in all of the following areas:
  • Management of product development and pricing activities
  • Market planning including the development of annual objectives, strategies and programs for defined business segments
  • Managing rate revisions including planning and implementing product/pricing changes
  • Researching, developing or enhancing property/casualty insurance products
  • Pricing new/current property/casualty insurance products
  • Development of a comprehensive business case for new product initiatives or enhancements and present and champion to senior management
  • Management of in-depth qualitative and quantitative analysis of the market and Property & Casualty insurance products
  • Knowledge of:
  • Current property/casualty insurance programs and products, underwriting rules and requirements, forms and processing procedures
  • Regulations, policies and procedures of various regulatory agencies
  • Marketing and research concepts and techniques
  • Reinsurance principles
  • Financial principles
  • Demonstrated skills in/with:
  • Managing a technical/professional staff
  • Coordinating department activities
  • Organization, planning and budgeting
  • Analyzing, problem solving and decision making
  • Development and coordination of projects
Benefits
  • 401k Match
  • Medical
  • Dental
  • Vision
  • PTO
  • Paid Holidays
  • Tuition Reimbursement
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
product developmentpricing activitiesmarket planningrate revisionsproperty/casualty insurance productsbusiness case developmentqualitative analysisquantitative analysisfinancial principlesreinsurance principles
Soft Skills
managementcoordinationorganizationplanningbudgetingproblem solvingdecision makingrelationship buildingcommunicationleadership
Certifications
Bachelor’s Degree in Business AdministrationBachelor’s Degree in Liberal Arts