State Product Management: Associate Product Manager

Job Summary

Supports and manages insurance product performance in market by leveraging analysis, insights across a variety of internal and external sources to conduct root cause analysis.

(Internal position title: PL Product Mgr Asst)

What You'll Do

• Responsible for profits/losses in assigned product/territory.
• Develops long- and short-term plans for their assigned product/territory with State Manage
• Analyzes internal and external data to fully understand profit, production, competitive position and market trends to develop strategies to drive profitable growth. .
• Directs development of pricing and contract changes for product.
• Leverage market research to identify growth opportunities withing the assigned product/territory.
• Takes leadership role in special projects as assigned by State Manager.
• Collaborate with internal partners in Underwriting, Analytics, Actuarial, IT, and Claims to understand profitability, market opportunities and potential system changes.
• Trains and develops product analysts.
• Coordinates state and home office legislative and regulatory affairs providing input on key bills and regulation.
• Performs other duties as assigned.

What You'll Bring

• Four years experience in similar role or one year in Senior Product Analyst role.
• Experience in a pricing or product analyst role within personal lines or commercial within the P&C industry, preferred.

Note: Candidate qualifications may be reviewed against the requirements for the associated levels of this position's core function. Salary grade will be based on selected candidates' experience and skills.

Education You'll Need

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

Special Skill Requirement

• Proficient PC Skills, including Excel, Access, SAS, Word and basic programming for statistical purposes.
• Excellent verbal/written communication skills, including ability to make effective presentations and write articles publishable in trade magazines.
• Knowledge of or ability to quickly learn advanced insurance pricing concepts and insurance terms and structure.
• Must achieve minimum passing score on logical reasoning analytical aptitude exam.

Physical Actions

Job is performed in-person at a Farmers office or virtually at an approved alternative work location. The physical work environment is indoors and climate-controlled with adequate lighting and ventilation. Normal and customary distractions include background noise produced by office equipment and chatter among people, as well as interruptions. Frequently sits for prolonged periods of time, up to a full shift. Occasionally moves about the workplace including, navigating stairs, ramps, and level or uneven surfaces. Occasionally moves, pushes, pulls, lifts, carries, and/or places objects or materials weighing up to 25 pounds without assistance. Frequently uses shoulders, arms, hands, and fingers to manipulate equipment, tools, and objects necessary to perform job duties. Frequently performs fine motor tasks such as typing, mousing, or writing, up to a full shift. Rarely performs movements such as bending, stooping, crouching, kneeling, twisting, and reaching overhead or below the knees. Possesses clear vision, with or without correction, to visually read and verify information. Relies on depth perception and peripheral vision to navigate the work environment visually by identifying barriers, changes in terrain and locating objects. Possesses adequate hearing, with or without correction, to communicate with co-workers, respond promptly to auditory signals or alarms, and discern sounds essential for maintaining safety and productivity in the workplace. Jobs in this category require rare, if any, travel.

Physical Environment

Required job duties are normally performed in a climate- controlled office environment with occasional exposure to uncontrolled outside environmental conditions.