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Personal Lines Product Development Manager

29455

We are Farmers!

We are… more than just your favorite commercials.  At Farmers, we strive to deliver peace of mind to our customers by providing protection and comprehensive advice and delivering in the moments of truth. That means having people who can help us meet changing customer and business needs. Farmers high-performance culture is focused on results and the people who achieve them. We hold ourselves and others accountable for sustainably growing the business and each other. We seek solutions, own our actions, and grow through discomfort. We see setbacks as opportunities while continuously asking ourselves how we impact our customers. 

 

Farmers is an award winning, equal opportunity employer, committed to the strength of a diverse workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn’t just our business – it’s our culture!  To learn more about our high-performance culture and open opportunities, check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok. 

 

Workplace: Hybrid ( #LI-Hybrid ), Remote ( #LI-Remote ) - depending on candidate location.

Farmers believes in a culture of collaboration, creativity, and innovation, which thrives when we have the ability to work flexibly in a virtual setting as well as the opportunity to be together in person. Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered.

About the role...

  • Responsible for managing all aspects of product and staff within assigned products or product segments.
  • Assesses profitability, growth, competitors’ strategies, and initiative changes to the products or product segments.

What you'll accomplish...

  • Responsible for profit/losses for assigned products or product segments.
  • Takes leadership role in products or product segments (with mid-high level of complexity/impact).
  • Develops long- and short-term plans for assigned products or product segments with corresponding personal lines staff and field management staff.
  • Negotiates and sets priorities to align product or product segment goals with corresponding personal lines and field management goals.
  • Develops and implements risk selection, pricing and contract changes for products or product segments.
  • Develops and implements new products or product segments.
  • Secures funding and required resources, including senior management approval when appropriate.
  • Manages the analysis and research performed in the development of their product or product segment and its alignment with others.
  • Works with IT and Business Operations to plan system changes and develop requirements.
  • Develops product implementation procedures to ensure an orderly change or rollout.
  • Facilitates through other parts of the organization to accomplish results.
  • Stays abreast of industry developments.
  • Recruits, trains and develops Product Development Managers, Asst Product Development Managers and Product Analysts to cover evolving business needs.
  • Assists product development team in products or product segments of varying complexity/impact.
  • May supervise one or two Product Development Managers I, Assistant Product Development Managers, Product Analysts or Product Specialists.
  • Performs other duties as assigned.

Physical actions...

Required job duties are essentially sedentary work consisting of occasional walking, standing, and lifting and/or carrying 10 lbs maximum, and seeing.

Physical environment...

Required job duties are normally performed in a climate- controlled office environment.

Education needed...

  • High school diploma or equivalent required.
  • Bachelor’s degree in mathematical or statistical field preferred.
  • Masters degree preferred.

Experience needed...

  • Mathematical, Statistical or Business/Finance experience.
  • Eight years experience in similar role, or Graduate degree and four and 1/2 years experience in similar role.

Special skills needed...

  • Proficient PC Skills, including Excel, Access, SAS, Word and basic programming for statistical purposes.
  • Excellent written and oral communication skills including the ability to make effective presentations.
  • Knowledge of or ability to quickly learn advanced insurance pricing concepts and insurance terms and structures.

Benefits

  • Farmers offers a competitive salary commensurate with experience, qualifications and location.
    o CA Only: $119,920 - $191,290
    o CO Only: $112,720 - $164,890 
    o HI/IL/MN/VT Only: $112,720 - $176,550
    o MA Only: $112,720 - $176,550 
  • o MD Only: $112,720 - $176,550
    o NY/DC/NJ Only: $112,720 - $191,290 
             o Albany County: $119,920 - $164,890 
    o WA Only:  $112,720 - $200,625 
  • 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
  • For more information, review “What we offer” on https://www.farmers.com/careers/corporate/#offer

 

Job Location(s): R_US - United States, US - CA - WdlndHills-6301, US - CT - Hartford

 

Anticipated application deadline: At Farmers, the recruitment process is designed to ensure that we find the best talent to join our team. As part of this process, we typically close open positions within 8 to 21 days after posting. If you are interested in any of our open positions, we encourage you to submit your application promptly.

 

Farmers will consider for employment all qualified applicants, including those with criminal histories, in accordance with the Los Angeles Fair Chance Initiative for Hiring Ordinance or other applicable law.  Pursuant to 18 U.S.C. Section 1033, Farmers is prohibited from employing any individual who has been convicted of any criminal felony involving dishonesty or a breach of trust without prior written consent from the state Department of Insurance.

 

Farmers is an Equal Opportunity Employer and does not discriminate in any employer/employee relations based on race, color, religion, gender, sexual orientation, gender expression, genetic information, national origin, age, disability, marital status, military and veteran's status, or any other basis protected by applicable discrimination laws. 

 

Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.

 

Spokane, WA only:  Residents who prefer not to provide their address click here to submit your resume via email: careers@farmers.com

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