Product Management (Insurance) Manager

Allstate

84d • $104,000 - $165,000 • Remote

About The Position

The Product Manager is accountable for achieving profit and growth targets for assigned state(s)/region or line(s) of business. The Product Manager designs, develops, manages, and leads strategies, initiatives, and people using product, pricing, and risk management knowledge to achieve business goals. The Product Manager leads the analytical evaluation of product and underwriting strategies and plans across the state management team.

Requirements

• 7 or more years of experience (Preferred)
• Analytical Method
• Analytical Thinking
• Business Objectives
• Business Priorities
• Communication
• Employee Supervision
• Insurance
• Insurance Industry
• Insurance Products
• Insurance Terminology
• Operational Efficiency
• Oral Communications
• Production Management
• Product Management
• Product Management Strategy
• Product Management Tools
• Product Strategies
• Strategic Collaboration

Responsibilities

• Ownership of P&L for assigned state(s)/region or line(s) of business.
• Leads the formulation of topline and bottom-line strategies using data and analytics to achieve business objectives.
• Analyze data to assess early detection of trends, developing actionable insights and to inform decisions on pricing and risk management guidelines.
• Proactively leads the identification, development, execution, and post-implementation evaluation of strategies to address challenges and maximize opportunities.
• Manages competitive landscape analysis to inform rate, risk management guidelines and product decisions.
• Communicates and coordinates state and product efforts with IT, Sales, Compliance, Marketing, Finance, Actuarial, and other areas both within the division and throughout the enterprise.
• Ensures product and risk management policies are compliant with state specific regulations; provides regulatory/market conduct exam support as needed.
• Analyzes data and implements product changes in order to meet expectations for profitability, conservation, refinement and geographic expansion of existing business and implementation of any new product structures.
• Works with product analyst resources to drive business growth and profitability.

Benefits

• Base compensation offered for this role is $104,000.00 - $165,000.00 annually and is based on experience and qualifications.
• Total compensation for this role is comprised of several factors, including the base compensation outlined above, plus incentive pay (i.e., commission, bonus, etc.) as applicable for the role.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities