Farmers Insurance

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 & Tools
data analysisinsurance product managementpricingrate strategiesmarket analysisperformance monitoringcomplianceanalytical skillstechnical aptitudecommercial insurance knowledge
Soft Skills
verbal communicationlistening skillswritten communicationinterpersonal skillsleadershipperformance managementfeedback deliveryteam developmentstrategic visiontask completion