Assistant Insurance Product Manager II

Why Join GEICO? 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 on relentless innovation to exceed our customers' expectations while making a real impact on local communities nationwide. Founded in 1936, GEICO is a member of the Berkshire Hathaway family of companies and one of the largest auto insurers in the United States. 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!

About the role

The Government Employees Insurance Company (GEICO) is a private American auto insurance company with headquarters in Chevy Chase, Maryland. GEICO is a wholly owned subsidiary of Berkshire Hathaway and is the third largest auto insurer in the United States. In 2023, GEICO earned premiums worth over $40 billion U.S. dollars. Drive GEICO’s profitable growth and innovate its products by joining our Insurance Product Management team.

Job Duties and Responsibilities

• Build product strategy and drive pricing and non-pricing decisions leading to profitable growth
• Manage state(s) to meet profitability targets and grow as fast as possible
• 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
• 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

Required Qualifications

• Prior experience in pricing and/or product analysis / product management with an understanding of basic product management concepts
• Minimum of 5 years in P&C insurance industry with an understanding of the current environment
• Working knowledge of insurance regulation and related business constraints
• Capable of managing states with management oversight
• Bachelor’s degree with relevant academic background
• Self-motivated, goal oriented individual with curiosity
• Demonstrated ability to exchange ideas and convey complex information clearly, both verbally and in writing
• Solid understanding of pricing techniques and insurance operations including underwriting
• Strong analytical abilities
• Good planning, organizational, decision-making, and communication skills
• High level knowledge of data sources, tools, and modeling techniques

Preferred Qualifications

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

Annual Salary

$121,975.00 - $189,625.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.