Farmers Insurance is hiring a Product Manager to drive the development and enhancement of commercial insurance products. In this role, you will lead product development for Business Auto, guiding the portfolio through a major policy administration platform transformation to meet market demands and support business growth.
What You'll Do
- Manage one or more product development initiatives from planning to execution to ensure timely and successful project delivery.
- Own and drive the end-to-end platform transition strategy for assigned products.
- Communicate product goals, encourage collaboration, set clear expectations, facilitate decisions, gather feedback, monitor progress, and address issues.
- Work closely with cross-functional teams to drive product development while adhering to established best practices and standards.
- Develop and execute market-specific strategies to optimize product effectiveness.
- Collaborate to refine product strategies to meet business and profitability objectives.
- Review coverage structures and product forms to align with market needs and risk management practices.
- Manage customer experience journeys by tailoring products to meet customer needs and simplifying interactions across touchpoints and platforms.
- Work closely with cross-functional partners to implement improvements that enhance customer experience.
- Align stakeholders for complex projects and new product rollouts.
- Conduct competitor analysis with a focus on eligibility criteria and risk appetite to compare product features and identify market gaps.
- Perform product research to identify coverage gaps, new opportunities, and potential enhancements within assigned products or coverage segments.
- Communicate with regulatory authorities to address complex insurance product matters and ensure compliance.
- Monitor and execute changes in laws and regulations to ensure products remain compliant.
- Support development and delivery of product training for internal and external partners, including agents and brokers.
- Collaborate with underwriting and risk management to develop and refine underwriting guidelines, eligibility criteria, and product appetite.
- Collaborate with IT and operations teams to contribute to platform development that improves product delivery and operational efficiency.
- Review and create policy forms in collaboration with forms teams to ensure compliance with regulatory requirements and product objectives.
- Work closely with marketing teams to create marketing materials that accurately represent products and support go-to-market strategies.
- Supervise the daily activities of direct reports to ensure task completion and alignment with business unit priorities.
What We're Looking For
- 5+ years of experience in product development or a similar role.
- High School Diploma or equivalent.
Nice to Have
- Experience in a people leader or management role.
- Commercial Insurance experience in auto.
- Bachelor's degree.
Technical Stack
- Microsoft Office suite
- SaaS
- SQL
Team & Environment
You may supervise direct reports who are individual contributors or people leaders.
Benefits & Compensation
- Competitive salary commensurate with experience, qualifications, and location.
- CA Only: $115,275 - $196,130
- CO Only: $108,375 - $169,070
- HI/IL/MN/VT Only: $108,375 - $181,000
Work Mode
This position offers a hybrid work arrangement.
Farmers is an award-winning, equal opportunity employer, committed to the strength of an inclusive workforce.
