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Sr. Product Manager, State Product Management- Commercial Lines

26517

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 )

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.

Job Summary

Develops short term strategy and implementation for commercial lines products within designated territory with very high premium exposure. Creates market specific strategies and operating standards for profitable growth. Oversees tactical product and pricing changes. Works with Sales, Underwriting and Service partners to meet stated product goals and service standards. Oversees a team of Product/Pricing Analysts. Advises and influences key stakeholders on product processes and procedures.

What You'll Do

  • Collaborates with Sales & Underwriting partners on strategic vision for designated territory.
  • Develops market strategies through class and risk management techniques.
  • Creates product initiatives, rating and filing strategies.
  • Influences Claims team in the review of claim management protocols, state loss trends and large loss reviews and implements changes.
  • Oversees research of national, state and product industry trends to develop strategies in order to take advantage of changing markets prior to the competition.
  • Works with the senior leadership to develop short and long-term initiatives.
  • Regularly reports results to managers and senior level leaders.
  • Partners with Project Management in the oversight of projects through implementation.
  • Performs other duties as assigned.

What You'll Bring

  • 7-10 years related experience required.
  • Commercial insurance experience preferred.

Education Requirements

  • Bachelors degree required preferably in business management, mathematics, management information, finance, actuarial science, economics or other analytics related field.

Additional Qualification

  • Possesses strong product knowledge.
  • General knowledge of Commercial Lines P&C products.
  • Demonstrated P&L management experience.
  • Possesses strong technical aptitude.
  • Strong relationship building.
  • Thorough Knowledge of Microsoft office products (Excel, Word, Powerpoint).
  • SaaS, SQL abilities.
  • Ability to inspire and develop staff.

Benefits

  • Farmers offers a competitive salary commensurate with experience, qualifications and location.
    o CA Only: $131,040 - $209,110
    o CO Only: $123,120 - $180,180 
    o HI Only: $123,120 - $192,940
    o IL/MN/VT Only: $123,120 - $192,940
  • o MD Only: $123,120 - $192,940
    o NY/DC/Jersey City Only: $123,120 - $209,110 
             o Albany County: $131,040 - $180,180 
    o WA Only:  $123,120 - $219,250 
  • 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

 

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.

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