Product Development Director - Auto Policy Modernization

USAA•Tampa, FL

1d•$127,310 - $243,340•Hybrid

About The Position

As a dedicated Product Development Director for Auto Policy Modernization, you will be accountable for developing new products, overseeing and managing the launch and maturation of new products into target strategic markets. Acting as a cross functional expert, this position provides expertise and support for product line initiatives related to product development, compliance, operational and process improvements, claims management, vendor management, product documentation, fulfillment, and/or system releases. We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position can be based in one of the following locations: San Antonio, TX, Plano, TX, Phoenix, AZ, Colorado Springs, CO, or Tampa. Relocation assistance is not available for this position.

Requirements

Bachelor’s degree in business, Marketing, Supply Chain, or Statistics; OR 4 additional years of relevant education and/or experience.
8 years relevant experience in Actuary, Underwriting, Marketing, Operations, Financial Services or relevant military experience.
Extensive experience in developing, deploying and supporting product and/or integrated suite of products.
Experience working through agile product development process, managing multiple products simultaneously.
Knowledge and application of Product Development Life Cycle (PDLC).
Creative problem solver with hands on experience in problem framing, qualitative & quantitative research, running product experiments, hypothesis testing and prototyping to launch products at the intersection of Human, Technology and Business dimensions.
Navigates through ambiguous contexts with confidence.
Ability to break large complex initiatives into smaller manageable features and capabilities and deliver them early and often.

Nice To Haves

8+ years Property & Casualty insurance Product Management, Product Development and/or Initiative Delivery experience.
Strong understanding of the end-to-end Personal Auto insurance lifecycle (Pricing, Underwriting, Claims, Operations, etc.).
Experience operating within complex enterprise product delivery environments, with strong understanding of how execution decisions impact future strategic flexibility.
Familiarity with core insurance Policy Administration and Rating platforms and how product design should be optimally translated into system configuration.
Experience tailoring product design and delivery to accommodate foundational and state specific regulatory requirements and prudently manage risk.
Proven ability to translate business strategy into technical execution with and for diverse cross-functional teams.
Experience contributing to or leading large-scale product or platform transformation efforts, including platform migration.
Demonstrated ability to influence and drive alignment in highly matrixed organizations without direct authority.
Ability to step into in-flight initiatives, build context quickly, and maintain delivery momentum.
US military experience gained through military service or gained as a military spouse / domestic partner.

Responsibilities

Responsible for development of digital first products supporting the needs and risks of USAA Members
Leads development and launch of new innovative product offerings as well as auxiliary/enhanced features/services for existing products.
Responsible for maintaining thorough level of knowledge of business and underwriting performance for products in scope (e.g. Trends, results, etc.)
Responsible for post-launch monitoring, maintenance and underwriting of 'new in market' products based on product performance, member needs and competitive changes in the market including but not limited to product rules, rates, and forms.
Develops recommendations to launch new products and the evaluation and decision to buy/build or ally for individual product(s).
Generates creative product and coverage solutions for member needs to ensure a dynamic product development pipeline exists.
Responsible for maintaining thorough level of knowledge of business and underwriting performance for products in scope (e.g. Trends, results, etc.).
Responsible for post-launch monitoring, maintenance and underwriting of 'new in market' products based on product performance, member needs and competitive changes in the market including but not limited to product rules, rates, and forms.
Conducts complex analysis of internal and external data and member information to support formulation of product strategy and enhance competitive intelligence.
Develops and communicates the new product value proposition for individual products.
Ensures sales support is delivered to all distribution channels (e.g., com, mobile, contact center) so that the new product is properly positioned to members.
Leads the analysis and evaluation of new product performance metrics to make changes to offerings, if necessary, prior to full launch.
Coordinates with relevant control partners (to include Legal, Compliance, and Risk Management) to ensure product offerings are designed and implemented in compliance with all applicable laws and regulations.
Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.