State Manager, Insurance Product Management

GEICO • Chevy Chase, MD

7d • Hybrid

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 an experienced Product Manager 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, with responsibility for delivering results in one or more states. Job Duties and Responsibilities: The Insurance Product Management team has an opening for an experienced Product Manager who will build product strategy and drive pricing and non-pricing decisions leading to profitable growth. This role will be at the Product Manager to Sr Product Manager level, based on experience, and will have Senior Management visibility.

Requirements

• Demonstrated deep understanding of pricing and product management strategy and tactics with a proven track record of success
• Minimum of 7 years in P&C insurance industry with an understanding of the current environment
• Working knowledge of insurance regulation and related business constraints
• Prior experience managing and developing state teams
• Capable of managing states with little/minimal oversight
• Bachelor’s degree with relevant academic background required
• Must be a self-motivated, goal-oriented individual with curiosity
• Demonstrated ability to exchange ideas and convey complex information clearly, both verbally and in writing
• Strong analytical abilities with solid understanding of pricing techniques and insurance operations including underwriting
• Must have good planning, organizational, decision-making and communication skills
• High level knowledge of data sources, tools, and modeling techniques
• Ability to adapt to a fast-paced and changing environment and get work done through others

Nice To Haves

• Master’s degree in business or related field
• Other industry designations: FCAS, ACAS, or CPCU

Responsibilities

• Manage your assigned state(s) to meet profitability targets and grow as fast as possible
• Create a strategic vision and roadmap for your areas of ownership and apply skills in leadership and persuasion to achieve it.
• Understand the assigned markets and develop specific strategies related to price, product and underwriting
• Utilize analytical problem solving and leadership skills to execute and deliver product initiatives
• Collaborate with subject matter experts and other company leaders to implement changes that enhance the customer experience
• Research the competition to develop opportunity and threat assessments
• Review and make recommendations on process and governance from a country-wide state management perspective
• Direct end-to-end lifecycle of 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
• Implement product changes effectively and in compliance with laws and regulations

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level