Note: The job is a remote job and is open to candidates in USA. Farmers Insurance is a company dedicated to making a real difference in people's lives through their services. The Business Insurance State Product Manager will drive the development and execution of state-level strategies for designated products, focusing on competitive positioning and profitability goals while collaborating cross-functionally.

Responsibilities

• Accountable for achieving/exceeding profit and growth targets in assigned geography
• Develops strategic vision and supporting roadmap that will profitably expand market share within assigned geography
• Conducts competitor analysis with a focus on rate trends and market entries and exits at the state level to identify opportunities for competitive rate adjustments
• Uses insights to recommend state-specific rate strategies that improve market position and support profitability goals
• Supports post-implementation monitoring to track performance of state-specific rate and product adjustments
• Performs data analysis to identify trends and provide insights for ongoing improvements
• Coordinates annual rate planning with underwriting, distribution, and other internal partners to determine rate levels and product updates
• Ensures rate decisions reflect state-specific considerations and strategic plans
• Runs dislocation tool to determine rate recommendation
• Communicates with Department of Insurance for moderately complex state rate filings and revisions
• Prepares and submits required documentation, addresses inquiries, and ensures timely responses to DOI feedback
• Works with internal partners to incorporate DOI-required adjustments and maintain compliance with state regulations throughout the rate revision process
• Escalates more complex cases to senior team members for further resolution
• Supervises the daily activities of direct reports to ensure task completion and alignment with business unit priorities
• Provides instructions, delivers regular feedback, and manages performance to support individual and team development
• Performs other duties as assigned

Skills

• Minimum five years of experience required in product management, pricing, or related, with experience in state-level product management preferred
• High School Diploma or equivalent required
• Strong verbal communication and listening skills
• Demonstrated written communication skills
• Effective interpersonal skills
• Able to interact effectively with business partners and stakeholders
• Demonstrated analytical skills
• Able to analyze data and trends to make informed decisions and recommendations
• Possesses strong product knowledge
• Working knowledge of insurance products including commercial lines, property & casualty (P&C) lines, specialty lines, and other relevant types
• Demonstrated P&L management experience
• Possesses strong technical aptitude
• Proficient in Microsoft Office suite
• Effectively coaches and delivers constructive feedback
• Effective leadership skills
• Demonstrated collaboration skills
• Experience in a people leader or management role preferred
• Insurance industry experience preferred
• Bachelors degree preferred
• Familiarity with product management tools, data analysis software, and reporting systems. Working knowledge of SaaS, SQL preferred

Benefits

• Bonus Opportunity (based on Company and Individual Performance)
• 401(k)
• Medical
• Dental
• Vision
• Health Savings and Flexible Spending Accounts
• Life Insurance
• Paid Time Off
• Paid Parental Leave
• Tuition Assistance

Company Overview