State Product Management - Product Manager for Business Insurance

About the role...

• This position drives development and execution of state-level strategies for designated products within a business unit.
• The role focuses on executing state-specific rate and product strategies that align with operational and profitability goals set by leadership.
• The position analyzes competitor activities, market conditions, and customer insights to guide rate recommendations and product adjustments for competitive positioning.
• The role collaborates cross-functionally to deliver competitive, compliant, and customer-focused insurance products.
• It develops short-and long-term strategies that meet market demands and business objectives.
• The position may supervise direct reports who are individual contributors or people leaders to ensure alignment with state product management goals and successful delivery of business unit priorities.

What you'll accomplish...

• Accountable for achieving/exceeding profit and growth targets in assigned geography.
• Develops strategic vision and supporting roadmap that will profitably expand market share within assigned geography.
• Conducts competitor analysis with a focus on rate trends and market entries and exits at the state level to identify opportunities for competitive rate adjustments.
• Uses insights to recommend state-specific rate strategies that improve market position and support profitability goals.
• Supports post-implementation monitoring to track performance of state-specific rate and product adjustments.
• Performs data analysis to identify trends and provide insights for ongoing improvements.
• Coordinates annual rate planning with underwriting, distribution, and other internal partners to determine rate levels and product updates.
• Ensures rate decisions reflect state-specific considerations and strategic plans.
• Runs dislocation tool to determine rate recommendation.
• Communicates with Department of Insurance for moderately complex state rate filings and revisions.
• Prepares and submits required documentation, addresses inquiries, and ensures timely responses to DOI feedback.
• Works with internal partners to incorporate DOI-required adjustments and maintain compliance with state regulations throughout the rate revision process.
• Escalates more complex cases to senior team members for further resolution.
• Supervises the daily activities of direct reports to ensure task completion and alignment with business unit priorities.
• Provides instructions, delivers regular feedback, and manages performance to support individual and team development.
• Performs other duties as assigned.

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.

Education needed...

• High School Diploma or equivalent required.
• Bachelors degree preferred.
• Graduate degree preferred.

Experience needed...

• Minimum five years of experience required in insurance product management, pricing, or related, with experience in state-level business insurance product management preferred.
• Experience in a people leader or management role preferred.
• Insurance industry experience preferred.

Special skills needed...

• Possess strong insurance product knowledge including commercial lines, property & casualty (P&C) lines, specialty lines, and other relevant types.
• Strong verbal communication and listening skills. Demonstrated written communication skills.
• Effective interpersonal skills.
• Able to interact effectively with business partners and stakeholders.
• Demonstrated analytical skills. Able to analyze data and trends to make informed decisions and recommendations.
• Demonstrated P&L management experience.
• Possesses strong technical aptitude.
• Proficient in Microsoft Office suite.
• Familiarity with product management tools, data analysis software, and reporting systems.
• Experience with PowerBI, SaaS, SQL preferred.
• Effectively coaches and delivers constructive feedback.
• Effective leadership skills.
• Demonstrated collaboration skills.