Director, Insurance Product Manager - Specialty Lines

Geico InsuranceChicago, IL
47dHybrid

About The Position

At GEICO, we offer a rewarding career where your ambitions are met with endless possibilities. Every day we honor our iconic brand by offering quality coverage to millions of customers and being there when they need us most. We thrive through relentless innovation to exceed our customers' expectations while making a real impact for our company through our shared purpose. When you join our company, we want you to feel valued, supported and proud to work here. That's why we offer The GEICO Pledge: Great Company, Great Culture, Great Rewards and Great Careers. Ready to innovate and direct GEICO's profitable growth? If so, Read on! Drive GEICO's profitable growth and innovate its products by joining our Insurance Product Management team. We are looking for a dynamic Director, Insurance Product Manager for Specialty Lines with the ability to strategically analyze potential opportunities and risks, and lead efforts to solve complicated business problems and effect positive change. You will be on the front line of driving GEICO's long-term profitable growth. Location: This is a hybrid role, with on-site presence of 3 days per week at our Chevy Chase, MD; Tampa, FL; Fredericksburg, VA; Virginia Beach, VA; Chicago, IL; Dallas, TX; Cleveland, OH or NYC, NY office.

Requirements

  • Deep understanding of pricing and product management strategy and tactics with a proven track record of success.
  • 10+ years in P&C insurance industry in product development preferred.
  • Bachelor's degree with relevant academic background required; master's degree preferred.
  • Working knowledge of insurance regulation and related business constraints.
  • Experience managing and developing state teams preferred.
  • Strong analytical abilities with solid understanding of insurance operations including underwriting.
  • Effective organizational, time management and analytical skills, as well as demonstrated ability to exchange ideas and convey complex information clearly, both verbally and in writing.
  • High level knowledge of data sources, tools, and modeling techniques.
  • You thrive on the success of the team, as well as your fellow team members.
  • You work well in a fast paced, demanding environment and resolving complicated customer issues with professionalism and efficiency.
  • You are passionate, self-motivated and ready to help us take the Insurance Product team to new heights.
  • Strong on decision-making in a highly consensus-based environment.
  • Leads from the front and isn't shy about using their voice.
  • Ability to navigate and lead through complexity.
  • Ability to collaborate cross-functionally to make decisions and communicate them effectively in a highly complex environment with numerous stakeholders and tradeoffs to be considered.
  • Curiosity, critical thinking skills; a lifelong learner who sees situations through multiple lenses.
  • Exceptional character and an ability to instill confidence and build trust. Someone who possesses high emotional intelligence, and is an attentive, empathetic listener.

Responsibilities

  • Create a strategic vision and roadmap for your areas of ownership aligning with enterprise goals.
  • Understand the assigned markets and develop specific strategies related to price, product and underwriting to lead to profitable growth.
  • Ability to articulate vision clearly through business requirements to technical teams.
  • Oversee the development and launch of new insurance products and features.
  • Implement product changes effectively and in compliance with laws and regulations.
  • Direct end-to-end lifecycle of product, department and corporate initiatives.
  • Advocate on behalf of the company with regulators and consultants and in legal and compliance matters.
  • Manage rate filings through approval, reviewing and approving text for rate reviews, filings and internal communications.
  • Review and make recommendations on process and governance from a country-wide management perspective.
  • Lead and mentor a team of product managers, foster cross-functional collaboration, and build a high-performing team.
  • Act as primary liaison between product, engineering, business and other stakeholders.
  • Collaborate with subject matter experts and other company leaders to ensure successful product development, launch and ongoing management that enhance the customer experience.
  • Drive profitability through pricing and underwriting strategies and monitor performance metrics.
  • Utilize analytical problem solving and leadership skills to execute and deliver product initiatives.
  • High level of business acumen and competitive intelligence in the industry practices and emerging trends to drive exceptional results and process improvements.

Benefits

  • Comprehensive Total Rewards program that offers personalized coverage tailor-made for you and your family's overall well-being.
  • Financial benefits including market-competitive compensation; a 401K savings plan vested from day one that offers a 6% match; performance and recognition-based incentives; and tuition assistance.
  • Access to additional benefits like mental healthcare as well as fertility and adoption assistance.
  • Supports flexibility- We provide workplace flexibility as well as our GEICO Flex program, which offers the ability to work from anywhere in the US for up to four weeks per year.

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What This Job Offers

Job Type

Full-time

Career Level

Director

Industry

Insurance Carriers and Related Activities

Number of Employees

5,001-10,000 employees

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