Head of Business Insurance Product Development
Farmers Insurance
full-time
Posted on:
Location Type: Hybrid
Location: Spokane • Washington • 🇺🇸 United States
Visit company websiteSalary
💰 $181,800 - $250,500 per year
Job Level
Lead
About the role
- Responsible for development and execution of strategies and initiatives to achieve profit and growth objectives for Commercial lines of business
- Accountable for strategic product development of casualty, CMP and property; aligning appetite and eligibility with product coverages, product structure, innovation, and execution through the platform
- Monitors product performance by market and develops action plans to enable profitable growth
- Accountable for development of product enhancements and new product offerings
- Manages the agile process from the business perspective to build minimum viable products for agents and underwriters to sell
- Analyses product mix and design to gain a competitive advantage and drive product growth
- Acts as project sponsor for innovation efforts related to business insurance CMP or Property product lines which include process and technology
- Develop future leaders for Business Insurance and the organization
Requirements
- Bachelors degree or equivalent experience required
- 5 years leadership experience with large operations
- 10 years Business Insurance industry experience preferably with underwriting and/or field management experience
- Experience managing/developing a senior group of managers, underwriters and operations / service center personnel
- Thorough comprehension of business insurance and its key disciplines and processes including insurance products, coverages, underwriting guidelines, servicing needs, etc.
- Skilled and knowledgeable in relationship management and communication with key business executives
- Ability to effectively interact with all levels of Farmers internal and external business partners
- Ability to deal with ambiguous situations and issues
- Creativity in resolving unique and challenging business problems
- Ability to achieve results by taking a proactive long-term view of business goals and objectives
Benefits
- Medical
- Dental
- Vision
- Health Savings and Flexible Spending Accounts
- Life Insurance
- Paid Time Off
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
product developmentagile processminimum viable productsproduct enhancementsmarket analysiscompetitive advantagebusiness insuranceunderwritinginsurance productscoverages
Soft skills
leadershiprelationship managementcommunicationproblem solvingcreativitystrategic thinkingproactive approachinterpersonal skillsadaptabilityteam development
Certifications
Bachelor's degree