State Product Manager

What does a STATE PRODUCT MANAGER do?

• Own P&L performance for assigned states and develop pricing strategies based on actuarial indications, competitive analysis, and regulatory requirements.
• Execute rate changes and ensure timely filings, coordinating with Sales, Actuarial, Marketing, IT, and Testing teams.
• Identify actions for unprofitable segments and leverage underwriting and agency strategies.
• Present state performance and strategies to senior leadership and track key financial metrics.
• Achieve premium and policy count targets for assigned states.
• Partner with Sales to identify growth opportunities and optimize product positioning.
• Conduct competitive analysis and research market trends to inform product enhancements and new state launches.
• Prepare and submit accurate regulatory filings; respond promptly to objections.
• Build relationships with state Departments of Insurance and monitor regulatory changes.
• Support initiatives to automate processes, improve product performance, and solve business challenges.
• Develop reports and dashboards using tools like Power BI.
• Collaborate across departments to implement innovative solutions.

What is required?

• Education: Bachelor's degree, preferably in Economics, Actuarial, Math, Statistics, Insurance, or a similar field required.
• Experience: Minimum 5+ years in Product or Actuarial roles within the Property & Casualty insurance industry. Minimum 2+ years of state management experience (personal auto preferred).
• Proven experience executing complex pricing and product changes, including regulatory filings.
• In-depth knowledge of insurance and actuarial concepts, business processes, pricing plans, underwriting rules, and key financial metrics.
• Proficiency with SQL, SAS, or Python required.
• Experience with PowerBI and/or Tableau is a plus.
• Power BI skills a plus (ability to build reports and analyze data).
• Proficient in MS Office, with advanced Excel skills (pivot tables, data analysis).
• Other skills and abilities: Deadline-driven with a proven ability to balance competing priorities. Strong analytical abilities, including gathering, restructuring, and gaining critical insights from large datasets. Fact-based and data-driven decision making, with the ability to present data in a cohesive, simple fashion. Able to lead complex projects and mentor junior team members in a fast-paced environment. Strong communication skills and emotional intelligence. Experience presenting to Senior Leadership and influencing leaders across the organization. Ability to balance multiple tasks and occasional travel (5%).