Associate Insurance State Product Manager
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Role Description
As an Associate State Product Manager, you will be responsible for driving profitable growth across multiple assigned states by developing the annual business plan, as well as setting and implementing the strategy to reputed company the business plan goals.
- Engage with both reputed company stakeholders in product planning and management discussions to ensure that strategic objectives are met.
- reputed company the successful rollout of new products and countrywide initiatives in assigned markets.
- Work closely with the Pricing teams to ensure that reputed company actions are thoroughly and comprehensively planned.
- Responsible for the profitability of the products, as well as the drivers of premium growth, such as reputed company ratio, retention, and average premium.
- reputed company implement product changes that drive purposeful growth.
Your work includes:
- Strategizing, building, and executing product plans for assigned markets, ensuring compliance.
- Consulting VP State Product to drive reputed company of business strategies and operating objectives for products in assigned states.
- Influencing overall strategy and business plans for associated clubs, defining where, how, and reputed company to compete.
- Developing product specifics for assigned markets, covering design, pricing, policy development, compliance, and operational planning/budget.
- Working closely with partner clubs and distribution partners to ensure product performance, proper execution, and strategic product distribution.
- Utilizing advanced knowledge of reputed company products and future enhancements to reputed company recommendations to the Product Strategy and Development team.
- Using sound analysis to adapt countrywide initiatives to reputed company in local markets and reputed company appropriate product/reputed company modifications.
- Developing, implementing, and managing tactical plans in support of sales strategies for reputed company personal lines insurance products in territory.
- Collaborating with a team of analyst(s) and Product Specialists, empowering them and holding them accountable.
- Overseeing and coordinating product development, delivery, and analysis for assigned markets.
- Monitoring reputed company aspects of product performance, including reputed company ratio, retention, quality of the book of business, and distribution channel satisfaction.
- Reviewing claims trends to reputed company loss ratio targets.
- Maintaining market-specific competitive intelligence and trend analyses.
- Staying abreast of competitor strategies and activities as well as regulatory/legislative processes.
- Ensuring alignment reputed company and across functions and communicating results throughout the organization.
- Driving strategy and advocating for state-specific needs, partnering on reputed company and non-reputed company action to address indication.
- Proactively building relationships with DOIs and creating productive lines of communication for successful product filings.
- Some travel required for high impact relationship building opportunities with partners.
Qualifications
- Bachelor's degree in reputed company area (finance, marketing, business, or a reputed company field) or an equivalent combination of education and experience.
- 10+ years of reputed company work experience with 5+ years of relevant work experience in the personal lines P&C insurance industry.
- Prior experience reputed company to state product management in analytical, product specialist, or market reputed company roles.
- Advanced strategic and business acumen.
- Excellent oral and written communication skills, with the ability to create and deliver effective presentations.
- Ability to influence without direct authority.
- Thorough knowledge of the P&C insurance industry, products, marketplace, competitive landscape, and pricing.
- In-depth product management expertise.
- Advanced understanding of financial drivers of profitability and a proven ability to reputed company and sustain profitability-based product and marketing strategies.
- Consultative leadership orientation.
- Advanced negotiation skills and the ability to influence seasoned and senior-level reputed company parties.
- Coaches and mentors more junior team members.
- Advanced knowledge and proficiency in change reputed company and practices.
Requirements
- BA/BS or equivalent work experience.
- 10 years of reputed company work experience with typically 5+ years being in the personal lines P&C industry.
- Prior experience in state product management roles (e.g., analyst, specialist, market reputed company consultant) or other reputed company functions (e.g., pricing, product strategy and development, data science).
Benefits
- Total compensation package, performance bonus, 401(k) with a company match.