
Product Manager – Business Insurance
Farmers Insurance
full-time
Posted on:
Location Type: Hybrid
Location: United States
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Salary
💰 $108,375 - $205,750 per year
Tech Stack
About the role
- 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
- Conducts competitor analysis with a focus on rate trends and market entries and exits at the state level to identify opportunities for competitive rate adjustments
- Uses insights to recommend state-specific rate strategies that improve market position and support profitability goals
- Supports post-implementation monitoring to track performance of state-specific rate and product adjustments
- Performs data analysis to identify trends and provide insights for ongoing improvements
- Coordinates annual rate planning with underwriting, distribution, and other internal partners to determine rate levels and product updates
- Ensures rate decisions reflect state-specific considerations and strategic plans
- Communicates with Department of Insurance for moderately complex state rate filings and revisions
- Prepares and submits required documentation, addresses inquiries, and ensures timely responses to DOI feedback
- Works with internal partners to incorporate DOI-required adjustments and maintain compliance with state regulations throughout the rate revision process
- Escalates more complex cases to senior team members for further resolution
- Supervises the daily activities of direct reports to ensure task completion and alignment with business unit priorities
- Provides instructions, delivers regular feedback, and manages performance to support individual and team development
Requirements
- Minimum five years of experience required in insurance product management, pricing, or related
- Experience in a people leader or management role preferred
- Commercial Insurance product management experience highly preferred
- High School Diploma or equivalent required
- Bachelors degree preferred
- Graduate degree preferred
- Possess strong insurance product knowledge including commercial lines, property & casualty (P&C) lines, specialty lines, and other relevant types
- Strong verbal communication and listening skills
- Demonstrated written communication skills
- Effective interpersonal skills
- Demonstrated analytical skills
- Possesses strong technical aptitude
- Proficient in Microsoft Office suite
- Experience with PowerBI, SaaS, SQL preferred.
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
data analysisinsurance product managementpricingrate strategiesmarket analysisperformance monitoringcomplianceanalytical skillstechnical aptitudecommercial insurance knowledge
Soft skills
verbal communicationlistening skillswritten communicationinterpersonal skillsleadershipperformance managementfeedback deliveryteam developmentstrategic visiontask completion