Product Manager II - PL

Farmers Insurance

2d•$96,075 - $182,625•Hybrid

About The Position

The Product Manager II supports the rate-setting process and profitable business growth through product execution, complex project leadership, and large-scale process improvement. The role is assigned to teams supporting specific markets or countrywide initiatives, generally with less complexity than those assigned to Product Directors. It calls for strong organization and time management, cross-functional collaboration, and the ability to solve structured and unstructured business problems. The position works independently with limited direction and may manage one or more Product Analysts. The Product Manager II leads scheduling and deployment of rate revisions, multi-state product initiatives, and non-rate initiatives, ensuring alignment across impacted states. The role supports rate execution, filings, compliance and regulatory projects, and owns compliance and regulatory requests. It maintains product and underwriting documentation, coordinates implementation across internal teams, researches competitors, and develops recommendations for leaders and regulatory stakeholders. The role also develops junior analysts through training, guidance, and coaching. The position may be performed in a hybrid or remote arrangement. Employees living within 50 miles of a Farmers corporate office work in the office at least three days per week and may work virtually up to two days per week; applicants farther away may also be considered. The work is performed in an indoor, climate-controlled office or approved virtual work location. Travel is rare, if any.

Requirements

High school diploma or equivalent.
Minimum 10 years of U.S. property and casualty experience in product or underwriting, or related experience preferred.
Demonstrated analytical and research skills.
Strong organizational skills and technical aptitude.
Experience using Excel.
Effective interpersonal skills and ability to work collaboratively in teams and build networks.
Strong written and verbal communication skills.
Commitment to continuous learning and process improvement, including lean thinking.
Demonstrated mentorship and coaching skills.

Nice To Haves

Bachelor’s degree with a focus in Business or research fields such as Economics, Business Administration, Marketing, or Risk Management.
People leadership experience.
Minimum 10 years of U.S. property and casualty experience in product or underwriting, or related experience (listed as preferred in the posting).

Responsibilities

Lead support for large-scale processes and drive process improvement in assigned markets or countrywide efforts.
Support rate setting and profitable growth of the business through product execution and complex project leadership.
Serve as strategic owner for scheduling and deployment of rate revisions, multi-state product initiatives, and non-rate initiatives, ensuring alignment across impacted states.
Provide support and guidance through all stages of rate execution, filing, compliance, and regulatory projects.
Own compliance and regulatory requests and initiatives, and build deep regulatory expertise for assigned markets or products.
Influence and drive timelines and sequencing for complex rate and non-rate initiatives across organizational processes and teams.
Maintain product and underwriting rules manuals and other documentation.
Coordinate communication and execution across state teams, actuarial, national product, underwriting, and distribution.
Research competitor product structures, underwriting rules, systems, and quoting platforms to support compliance and regulatory changes.
Train, onboard, support, guide, and develop junior analysts and team members.
Provide guidance and escalation support for complex or high-impact product issues.
Present and develop final recommendations for leaders and business partners regarding product or underwriting rule changes.
Develop support and strategic recommendations for interactions and negotiations with departments of insurance and other regulatory entities regarding proposed product or underwriting rule changes.
Build an extensive network with key internal business partners.
Identify opportunities to optimize product changes, project implementation, and underwriting guideline updates.
Understand rate calculation order and coach others in using tools to rate policies and investigate unexpected outcomes.
Demonstrate expertise in product management principles, filing processes, quoting platforms and systems, knowledge management, underwriting guidelines, and defining data requirements.