Hybrid Product Manager – Business Insurance

at Farmers Insurance

• Job title: Product Manager – Business Insurance
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: $108,375 - $205,750 per year
• Degree requirement: High School Diploma
• Tech skills: SQL
• Location requirements: Hybrid, United States

About the role

• Product Manager driving development of state-level insurance strategies with a $20k Sign-On Bonus. Collaborating cross-functionally to deliver compliant, customer-focused insurance products.

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
• 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

Requirements

• Minimum five years of experience required in insurance product management, pricing, or related
• Experience in a people leader or management role preferred
• Commercial Insurance product management experience highly preferred
• High School Diploma or equivalent required
• Bachelors degree preferred
• Graduate degree preferred
• Possess strong insurance product knowledge including commercial lines, property & casualty (P&C) lines, specialty lines, and other relevant types
• Strong verbal communication and listening skills
• Demonstrated written communication skills
• Effective interpersonal skills
• Demonstrated analytical skills
• Possesses strong technical aptitude
• Proficient in Microsoft Office suite
• Experience with PowerBI, SaaS, SQL preferred.

Benefits

• Medical
• Dental
• Vision
• Health Savings and Flexible Spending Accounts
• Life Insurance
• Paid Time Off