Associate Product Development Manager

Farmers Insurance Careers

84d • $89,280 - $151,140

About The Position

Conducts research activities regarding improved policy contracts or products of insurance and insurance related legislation, regulation and social or economic impacts on the insurance industry. Supports personal lines underwriting policies and procedures. Responsible for core underwriting functions and serves as an expert in system rules, legal & compliance issues, underwriting authority, underwriting appetite guidelines and underwriting process flow.

Requirements

• High School Diploma or equivalent required.
• 3-5 years experience in a similar role required, preferably Underwriting or Product Management or Claims.
• Experience in Personal Lines insurance.
• Strong verbal and written communication skills.
• Demonstrated ability to secure 'buy-in' and convince others regarding best approach.
• Goal oriented team player with a positive attitude.
• Excellent time management skills.
• Strong relationship building.

Nice To Haves

• Bachelor's degree preferred.

Responsibilities

• Develops and manages business processes, creating improvements in underwriting efficiency, quality and/or productivity, cost reductions, competitive benchmarking, organization analysis and customer service improvements.
• Participates in development of national and state product and underwriting initiatives.
• Initiates, monitors and recommends programs to reduce underwriting leakage.
• Monitors, controls and evaluates the efficiency of the underwriting rules, 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.
• Participates in the development of all written personal lines insurance policy guidelines.
• Coordinates with Product, Actuarial, Claims, Corporate Legal, Corporate Communications, State Management and Regulatory Affairs to create and/or revise personal lines insurance contracts and guidelines.
• Collaborates closely with other stakeholders such as Loss Control, Service, Distribution, Product, Claims, IT and/or Underwriting centers.
• Routinely conducts competitive analysis on underwriting guidelines identifying areas of opportunity for new products and underwriting best practices.
• Responsible for providing requirements to IT for system changes.
• Stays current on industry knowledge and makes relevant recommendations that may impact lines of business.
• Performs other duties as assigned.

Benefits

• Competitive salary commensurate with experience, qualifications and location.
• 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

What This Job Offers

• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees