AVP Product Management

AAA-The Auto Club Group

2d•$220,000 - $240,000•Hybrid

About The Position

It’s a great time to join AAA The Auto Club Group! JOIN THE TEAM COMMITTED TO DRIVING YOUR CAREER FORWARD Job Type: Full time Exempt/Non Exempt: Salary Job Description: AVP – Product Manager – The Auto Club Group What you will do: Oversee all activities relative to product development. Collaborate with leadership and peers in the establishment of objectives and goals for the Product Development department. Develop and ensure the accomplishment of short and long-term goals and objectives for the assigned business unit. Oversee and participate in the planning, development and implementation of policies, procedures and initiatives to improve performance, resolve complex issues, maintain quality and monitor expenses. Develop and approve recommendations for enhancements. Work with Product Managers to execute all activities and enhancements. Maintain alignment with other product managers to ensure successful development of the entire product line for all regions/states. Ensure compliance and adherence to applicable regulations and corporate guidelines. Determine and implement the strategic positioning of Auto Club Group (ACG) products and services to meet member needs, build company revenues and meet corporate objectives within assigned states. Coordinate and direct the development, implementation and administration of programs and policies for specific property/casualty (P&C) insurance lines underwritten by ACIA and affiliates. Accountable for product premium volume growth and profit and loss results within assigned states. Identify, forecast, integrate and communicate market trends to develop pricing structures and rate revisions for assigned state(s). Develop and implement new/revised Property & Casualty products and programs. Keep executive manager current on actions and programs as appropriate. Participate in the development of marketing and sales programs for ACG personal lines products. Coordinate the development, analysis and presentation of information regarding competitors, product performance and general insurance and market issues. Act as a company representative in the interaction with independent insurance agents, vendors, insurers, trade associations, insurance bureaus, government agencies, etc. Monitor budgetary activities. Allocate and coordinate departmental resources, including personnel, and capital. Oversee the development and distribution of department communications and various manuals related to new or revised procedures. Establish positive working relationships with operations and corporate partners. Develop and maintain relationships with appropriate trade or technical business groups. Monitor and when necessary participate in the negotiation of contracts with vendors and service delivery partners. Maintain up-to-date knowledge of industry best practices relative to assigned business unit operations. Supervisory Responsibilities: Directly and/or indirectly, a staff of technical and professional personnel who may be distributed in one or more physical location. Manage the department process related to the selection, hiring, training, development, coaching, review and counseling of assigned staff. How you will benefit: AVP – Product Manager will earn a competitive salary of $220,000 - $240,000 annually with annual bonus potential based on performance. Excellent and comprehensive benefits packages are just another reason to work for the Auto Club Group. Benefits include: 401k Match Medical Dental Vision PTO Paid Holidays Tuition Reimbursement We’re looking for candidates who: Required Qualifications: Education: Bachelor’s Degree in Business Administration, Liberal Arts or other field of study Experience: Extensive experience in all of the following areas: Management of product development and pricing activities Market planning including the development of annual objectives, strategies and programs for defined business segments Managing rate revisions including planning and implementing product/pricing changes Researching, developing or enhancing property/casualty insurance products Pricing new/current property/casualty insurance products Development of a comprehensive business case for new product initiatives or enhancements and present and champion to senior management Management of in-depth qualitative and quantitative analysis of the market and Property & Casualty insurance products Knowledge and Skills: Knowledge of: Current property/casualty insurance programs and products, underwriting rules and requirements, forms and processing procedures Regulations, policies and procedures of various regulatory agencies Marketing and research concepts and techniques Reinsurance principles Financial principles Demonstrated skills in/with: Managing a technical/professional staff Coordinating department activities Organization, planning and budgeting Analyzing, problem solving and decision making Development and coordination of projects Ability to: Recommend new casualty insurance products to meet market needs Represent the Auto Club Group (ACG) in interactions with trade associations, insurance bureaus, government agencies and other insurance companies Communicate effectively with others in a work environment and with the public Effective coordination across departments and COE’s Preferred Qualifications Education Master Degree or higher in a Technical or Quantitative field (Engineering, Finance, Math, Business, Marketing, etc.) or professional insurance designation (FCAS, CPCU, etc.) Experience in/with: Product management in an Insurance, Financial Services or related business environment Property/casualty business environment Michigan P&C personal lines (i.e. Auto/Home) Work Environment This is a hybrid work arrangement (time spent in office and remote). Depending on the employee's role and leadership's assessment, some employees will come in to an ACG facility on a weekly basis, a monthly basis, or on an "as needed" basis for key meetings and collaborative activities. Most employees will be required to come into the office, at a minimum, for important departmental meetings or team building events. Who We Are Become a part of something bigger. The Auto Club Group (ACG) provides membership, travel, insurance, and financial service offerings to approximately 14+ million members and customers across 14 states and 2 U.S. territories through AAA, Meemic, and Fremont brands. ACG belongs to the national AAA federation and is the second largest AAA club in North America. By continuing to invest in more advanced technology, pursuing innovative products, and hiring a highly skilled workforce, AAA continues to build upon its heritage of providing quality service and helping our members enjoy life’s journey through insurance, travel, financial services, and roadside assistance. And when you join our team, one of the first things you’ll notice is that same, whole-hearted, enthusiastic advocacy for each other. We have positions available for every walk of life! AAA prides itself on creating an inclusive and welcoming environment of diverse backgrounds, experiences, and viewpoints, realizing our differences make us stronger. To learn more about AAA The Auto Club Group visit www.aaa.com Important Note: ACG’s Compensation philosophy is to provide a market-competitive structure of fair, equitable and performance-based pay to attract and retain excellent talent that will enable ACG to meet its short and long-term goals. ACG utilizes a geographic pay differential as part of the base salary compensation program. Pay ranges outlined in this posting are based on the various ranges within the geographic areas which ACG operates. Salary at time of offer is determined based on these and other factors as associated with the job and job level. The above statements describe the principal and essential functions, but not all functions that may be inherent in the job. This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements. Reasonable accommodations will be made for otherwise qualified applicants, as needed, to enable them to fulfill these requirements. The Auto Club Group, and all its affiliated companies, is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, disability or protected veteran status. Regular and reliable attendance is essential for the function of this job. AAA The Auto Club Group is committed to providing a safe workplace. Every applicant offered employment within The Auto Club Group will be required to consent to a background and drug screen based on the requirements of the position. The Auto Club Group (ACG) provides membership, travel, insurance and financial services offerings to approximately 13+ million members and customers across 14 states and 2 U.S. territories through the AAA, Meemic and Fremont brands. ACG belongs to the national AAA federation and is the second largest AAA club in North America.

Requirements

Bachelor’s Degree in Business Administration, Liberal Arts or other field of study
Extensive experience in all of the following areas:
Management of product development and pricing activities
Market planning including the development of annual objectives, strategies and programs for defined business segments
Managing rate revisions including planning and implementing product/pricing changes
Researching, developing or enhancing property/casualty insurance products
Pricing new/current property/casualty insurance products
Development of a comprehensive business case for new product initiatives or enhancements and present and champion to senior management
Management of in-depth qualitative and quantitative analysis of the market and Property & Casualty insurance products
Knowledge of: Current property/casualty insurance programs and products, underwriting rules and requirements, forms and processing procedures
Regulations, policies and procedures of various regulatory agencies
Marketing and research concepts and techniques
Reinsurance principles
Financial principles
Demonstrated skills in/with: Managing a technical/professional staff
Coordinating department activities
Organization, planning and budgeting
Analyzing, problem solving and decision making
Development and coordination of projects
Ability to: Recommend new casualty insurance products to meet market needs
Represent the Auto Club Group (ACG) in interactions with trade associations, insurance bureaus, government agencies and other insurance companies
Communicate effectively with others in a work environment and with the public
Effective coordination across departments and COE’s

Nice To Haves

Master Degree or higher in a Technical or Quantitative field (Engineering, Finance, Math, Business, Marketing, etc.) or professional insurance designation (FCAS, CPCU, etc.)
Product management in an Insurance, Financial Services or related business environment
Property/casualty business environment
Michigan P&C personal lines (i.e. Auto/Home)

Responsibilities

Oversee all activities relative to product development.
Collaborate with leadership and peers in the establishment of objectives and goals for the Product Development department.
Develop and ensure the accomplishment of short and long-term goals and objectives for the assigned business unit.
Oversee and participate in the planning, development and implementation of policies, procedures and initiatives to improve performance, resolve complex issues, maintain quality and monitor expenses.
Develop and approve recommendations for enhancements.
Work with Product Managers to execute all activities and enhancements.
Maintain alignment with other product managers to ensure successful development of the entire product line for all regions/states.
Ensure compliance and adherence to applicable regulations and corporate guidelines.
Determine and implement the strategic positioning of Auto Club Group (ACG) products and services to meet member needs, build company revenues and meet corporate objectives within assigned states.
Coordinate and direct the development, implementation and administration of programs and policies for specific property/casualty (P&C) insurance lines underwritten by ACIA and affiliates.
Accountable for product premium volume growth and profit and loss results within assigned states.
Identify, forecast, integrate and communicate market trends to develop pricing structures and rate revisions for assigned state(s).
Develop and implement new/revised Property & Casualty products and programs.
Keep executive manager current on actions and programs as appropriate.
Participate in the development of marketing and sales programs for ACG personal lines products.
Coordinate the development, analysis and presentation of information regarding competitors, product performance and general insurance and market issues.
Act as a company representative in the interaction with independent insurance agents, vendors, insurers, trade associations, insurance bureaus, government agencies, etc.
Monitor budgetary activities.
Allocate and coordinate departmental resources, including personnel, and capital.
Oversee the development and distribution of department communications and various manuals related to new or revised procedures.
Establish positive working relationships with operations and corporate partners.
Develop and maintain relationships with appropriate trade or technical business groups.
Monitor and when necessary participate in the negotiation of contracts with vendors and service delivery partners.
Maintain up-to-date knowledge of industry best practices relative to assigned business unit operations.
Directly and/or indirectly, a staff of technical and professional personnel who may be distributed in one or more physical location.
Manage the department process related to the selection, hiring, training, development, coaching, review and counseling of assigned staff.