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Product Development Mgr - FWS


We are Farmers!

Join a team of diverse professionals at Farmers to acquire skills on the job and apply your learned knowledge to future roles at Farmers. Farmers Insurance also offers extensive training opportunities through the award winning University of Farmers named by Training magazine amongst top 10 corporate training units in the world.

Job Summary

Responsible for developing new product features and enhancing existing products to include the construction of appropriate policy language, required coverages, and necessary rating structure. Implements initiatives and delivers capabilities that support consistent, accurate underwriting functions necessary to achieve company financial goals such as growth, profitability and ease of doing business targets. Accountable for core underwriting functions and serves as an expert in system rules, legal <(>&<)> compliance issues, underwriting authority, underwriting appetite guidelines and underwriting process flow.

Essential Job Functions

  • Responsible for design, implementation, and monitoring of assigned product features.
  • Develops short term and long term plans for assigned products and product features.
  • Develops and manages business processes, creating improvements in underwriting efficiency, quality and/or productivity, cost reductions, competitive bench marking, organization analysis and customer service improvements.
  • Participates and/or leads national projects/programs in an effort to substantially impact premium growth, expense reduction and/or profit improvement.
  • Initiates, monitors and recommends national validation programs to reduce underwriting leakage.
  • Monitors, controls and evaluates the efficiency of the underwriting business rules engine, identifying new rules to support profitable growth and ensure proper rating of new and existing business.
  • Ensures compliance within the underwriting process. Initiates, evaluates, recommends and implements outside investigation tools to validate information while increasing the return on the tools used.
  • Manages several functions including underwriting quality, post validation, referrals and underwriting authority levels.
  • Evaluates, recommends and implements customer selection guidelines to support policy growth while protecting profitability.
  • Participates in the development of all written personal lines insurance policy contracts to be underwritten by the company; coordinates with Underwriting, Actuarial, Claims, Corporate Legal, Corporate Communications and Regulatory Affairs to create and/or revise personal lines insurance contracts.
  • Collaborates closely with other stakeholders such as Loss Control, Service, Distribution, Product, Claims, IT and/or Underwriting centers.
  • Recommends contract improvements by making presentations and proposals as requested and responds to questions from Claims or Legal members of the committee.
  • Routinely conducts competitive analysis on contractual forms and underwriting guidelines identifying areas of opportunity for new products and underwriting best practices.
  • Stays current on industry knowledge and makes relevant recommendations that may impact lines of business.
  • Performs other functions as assigned.

Physical Actions

Sits or stands for extended periods of time, up to a full work shift. Occasionally reaches overhead and below the knees, including bending, twisting, pulling, and stooping. Occasionally moves, lifts, carries, and places objects and supplies weighing 0-10 pounds without assistance. Listens to, interprets, and differentiates auditory information (e.g. others speaking) at normal speaking levels with or without correction. Visually verifies and reads information. Visually locates material, resources and other objects. Ability to operate a computer for extended periods of time, up to a full work shift. Physical dexterity sufficient to use hands, arms, and shoulders repetitively to operate keyboard and other office equipment up to a full work shift.

Physical Environment

This position operates in an open office working environment which will include normal and customary distractions, noise, and interruptions.

Education Requirements

High school diploma or equivalent required. Bachelor's degree preferred.

Experience Requirements

5-7 years experience in a similar role required.

Experience with Property Lines insurance products.

Special Skill Requirement

Additional Qualification

  • Background in underwriting is preferred
  • Guidewire knowledge is preferred


  • Farmers offers a competitive salary commensurate with experience, qualifications and location
  • CO Only: The pay range for this job being performed in CO would be $90,800 - $121,000
  • 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/


Job Location(s): US - RW - Remote Work - Farmers

Want to learn more about our culture & opportunities? Check out farmers.com/careers and be sure to follow us on Instagram and LinkedIn!

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