Associate State Manager
Farmers Insurance
•$156,300 - $297,125•Hybrid
About The Position
The Associate State Manager is responsible for product management, underwriting, and product implementation for assigned products across multiple states. The role owns profit and loss for assigned products, manages other Product Managers, and develops product strategy, coverage, risk-selection criteria, underwriting policies, pricing structures, and guidelines to support company business plans and target profit margins. The position also manages catastrophe risk accumulation and coordinates product implementation, working with functional managers to schedule and execute changes effectively.
Requirements
- Bachelor's degree required, preferably in a mathematical or statistical field.
- Progressive experience in insurance product management, state product management, product development, pricing, actuarial, underwriting, regulatory, analytics, or similar business leadership roles.
- Demonstrated experience leading teams and developing talent.
- Experience working across multiple functions and influencing business outcomes.
Nice To Haves
- Master's degree preferred.
- Advanced industry designation preferred.
- Personal Lines product, pricing, filing, or regulatory experience strongly preferred.
Responsibilities
- Manage profit and losses for assigned products.
- Manage other Product Managers.
- Manage all aspects of assigned products across multiple states.
- Design products that support the company's business plan.
- Determine product strategy, including coverage, risk-selection criteria, underwriting policy, and positioning.
- Develop rate structures and underwriting guidelines to meet required profit margins.
- Manage risk accumulation for catastrophe losses.
- Develop product implementation procedures to ensure orderly changes.
- Coordinate with functional managers to schedule and implement changes effectively.
- Perform other duties as assigned.
Benefits
- Competitive salary commensurate with experience, qualifications, and location.
- Bonus opportunity based on company and individual performance.
- 401(k).
- Medical insurance.
- Dental insurance.
- Vision insurance.
- Health Savings and Flexible Spending Accounts.
- Life insurance.
- Paid time off.
- Paid parental leave.
- Tuition assistance.
- Meaningful volunteer projects.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
