State Manager, Insurance Product Management

About the role

The Insurance Product Management team at GEICO is seeking an experienced Product Manager to drive profitable growth and innovative product solutions. This role will manage assigned states to meet profitability targets and grow rapidly, implementing strategic visions and roadmaps.

Responsibilities

• Manage assigned state(s) to meet profitability targets and grow as fast as possible
• Create a strategic vision and roadmap for areas of ownership and lead implementation
• Understand assigned markets and develop strategies related to price, product, and underwriting
• Utilize analytical problem-solving and leadership skills to execute product initiatives
• Collaborate with subject matter experts and other company leaders to implement changes enhancing the customer experience
• Research 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

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
• Prior experience managing and developing state teams
• Capable of managing states with little/minimal oversight
• Bachelor’s degree with relevant academic background required
• Self-motivated, goal-oriented individual with curiosity
• Curiosity 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
• Ability to adapt to a fast-paced and changing environment and get work done through others

Preferred Qualifications

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

Benefits

Annual Salary Range: $136,325.00 - $212,175.00
Comprehensive Total Rewards Program 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.
Additional benefits such as mental healthcare, fertility and adoption assistance, and flexible work arrangements.