Sr. Manager, Insurance Product (Remote, US)

Openly

7d•$140,000 - $166,250•Remote

About The Position

Openly is rebuilding insurance from the ground up. We are re-envisioning and enhancing every aspect of the customer experience. Doing this requires a rapidly growing team of exceptional, curious, empathetic people with a wide range of skill sets, spanning technology, data science, product, marketing, sales, service, claims handling, finance, etc. We created Openly because we saw an evident gap in the market for premium insurance made simple. Consumers deserve more complete coverage at competitive prices. The Price Difference: Using cutting-edge data and technology, we provide you with customizable, competitive prices to protect your most valuable assets. The Policy Difference: Coverages are truly customizable to meet your individual protection needs, for both standard coverages and optional add-ons. The Experience Difference: From tailored claims handling to highly responsive customer service, we are focused on making the home insurance purchasing process a better overall experience. At Openly, our people are just as important as our product. For us, collaboration, communication, and work-life balance are more than nice-to-haves— they’re the must-haves that make us who we are. We believe a great company is the result of a shared set of values, so we look for these qualities in every candidate we hire. We are seeking a Senior Insurance Product Manager to help drive our companywide product efforts and bring Openly insurance products to independent agents across the country. Reporting to the Director of Insurance Product Management, this highly visible role offers the opportunity to lead key insurance product management initiatives like establishing an strategy for promoting multi-line growth, generating a strategy for determining appetite for catastrophe risk, building and launching new products, and determining KPI’s and thresholds for decision-making. This role will also interact with business leaders across Technology and Operations Teams. This role requires a self motivated, high-energy individual who can efficiently function in a fast-paced, performance-driven and often ambiguous environment.

Requirements

5-7 years of experience in insurance product management and product development roles
A degree in Mathematics, Actuarial Science, Economics, Statistics, or similar study
Solid technical (SQL) and analytical skills, capable of developing quantitative analyses through data manipulation
Ability to identify and define complex business problems and develop relevant analytical frameworks to deliver solutions, often operating in ambiguity and leveraging creativity
Strong communication and project management skills, and the ability to collaborate effectively with people at all levels across the company
Strong decision-making skills
P&C insurance experience is required, and personal lines auto and homeowners insurance experience is a plus

Nice To Haves

Insurance product compliance and/or state launch experience is a plus
Experience evaluating and interpreting catastrophe model output is a plus
Familiarity with product development and product lifecycle management is a plus

Responsibilities

Developing and calibrating Openly’s personal lines products for company-wide provisions including UW appetite, coverage offerings, profitability targets, and Openly proprietary models
Assisting with rate filings and DOI correspondence to ensure timely regulatory approval
Collaborating with our Technology and Operations teams to successfully implement product changes
Analyzing key performance indicators and drivers of profitability, including loss ratios, actuarial indications, frequency/severity trends, sales conversion, persistency, and other data as we continue to grow our geographic footprint
Leading other product management initiatives, such as external data evaluations, market/competitor intelligence, and new product development

Benefits

Remote-First Culture - We supported #remotelife long before it was a given. We'll keep promoting it.
Competitive Salary & Equity
Comprehensive Medical, Dental, and Vision Plan Offerings
Life and disability coverage including voluntary options
Parental Leave - up to 8 weeks (320 hours) of paid parental leave based on meeting eligibility requirements
401K Company Contribution - Openly contributes 3% of the employee's gross income, even if the employee does not contribute.
Work-from-home stipend - We provide a $1,500 allowance to spend on setting up your home workplace
Annual Professional Development Fund: Each employee has $2,000 in professional development (PD) funds to spend on activities or resources annually. We want each Openly employee to achieve personal and professional success and to feel supported, confident, and informed about improving their efficiency and productivity.
Be Well Program - Employees receive $50 per month to use towards your overall well-being
Paid Volunteer Service Hours
Referral Program and Reward