Field Insurance Inspector
EXL
Business Insurance Product Director
Farmers Insurance
full-time
Posted on:
Location Type: Hybrid
Location: California • 🇺🇸 United States
Visit company websiteSalary
💰 $143,360 - $255,500 per year
Job Level
Lead
Tech Stack
SQL
About the role
- Leads competitor analysis to inform product strategies.
- Evaluates models, rating variables, and market segments to recommend strategic adjustments that improve competitive positioning.
- Analyzes competitor earning reports, market positioning, and countrywide rating curves to guide product development and rate strategies.
- Leverages insights from market analysis, customer feedback, and benchmarking to drive product initiatives and pricing decisions.
- Accountable for achieving/exceeding profit and growth targets in assigned geography.
- Develops strategic vision and supporting roadmap that will profitably expand market share within assigned geography.
- Collaborates with cross-functional teams to design and implement product strategies and operating standards that facilitate profitable growth.
- Uses broad business knowledge to contribute to strategic planning for rating approaches, rating variables, and performance metrics.
- Optimizes rating structures by analyzing losses, coverage types, and industry trends.
- Performs advanced trend analyses such as retention analysis and new money trends to support product planning and inform decisions.
- Leads P&L driven projects to adjust rating factors, refine pricing models, and enhance profitability through targeted rating initiatives.
- Collaborates cross-functionally to evaluate and implement countrywide non-rate or underwriting actions.
- Leads processes to assess the impact of changes in policy terms and coverage options, analyzes their effectiveness, and recommends adjustments to enhance outcomes.
- Monitors performance and communicates product, pricing, underwriting philosophies, strategies, and financial results to internal/external partners, leadership, as well as team members.
- Tracks product performance metrics to identify trends, ensure compliance, and assess alignment with business objectives.
- Prepares reports for stakeholders and senior leadership.
- Maintains systems to monitor financial results, product outcomes, and post-project performance.
- Leverages data to deliver actionable insights and recommendations.
- Manages teams while being responsible for their performance and outcomes.
- Guides and supervises efforts of direct reports to execute product line strategies aligned with business objectives.
- Provides direction, feedback, and performance management to foster team development and a high-performance culture.
Requirements
- Minimum seven years of experience required in product line management or similar role.
- Experience in a people leader or management role preferred.
- Insurance industry experience required.
- Strong verbal communication and listening skills.
- Demonstrated written communication skills.
- Effective interpersonal skills.
- Able to interact effectively with business partners and stakeholders.
- Demonstrated analytical skills.
- Strong ability to analyze data and trends to make informed decisions and recommendations.
- Possesses strong product knowledge.
- In-depth knowledge of insurance products including commercial lines, property & casualty (P &C) lines, specialty lines, and other relevant types.
- Proficient with all stages of product lifecycle including ideation, development, launch, and post-launch evaluation.
- Demonstrated P&L management experience.
- Demonstrated project management skills.
- Effective leadership skills.
- Strong collaboration and team building skills.
- Proven ability to inspire and develop staff.
- Effectively coaches and delivers constructive feedback.
- Possesses strong technical aptitude.
- Proficient in Microsoft Office suite.
- Proficiency with product management tools, data analysis software, and reporting systems.
- Working knowledge of SaaS, SQL preferred.
Benefits
- 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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
product line managementP&L managementdata analysisproject managementproduct lifecycle managementtrend analysisrating modelspricing modelsmarket analysisperformance metrics
Soft skills
verbal communicationwritten communicationinterpersonal skillsanalytical skillsleadership skillscollaborationteam buildingcoachingfeedback deliverystrategic thinking
