Hybrid Director, Insurance Product Manager – Specialty Lines

at GEICO

• Job title: Director, Insurance Product Manager – Specialty Lines
• Job type: Full Time
• Experience level: Lead
• Salary: $121,975 - $229,600 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Chevy Chase, United States

About the role

• Director, Insurance Product Manager responsible for driving GEICO’s profitable growth and product innovation in Specialty Lines. Leading strategic product development and team management initiatives.

Responsibilities

• Create a strategic vision and roadmap for your areas of ownership aligning with enterprise goals.
• Understand the assigned markets and develop specific strategies related to price, product and underwriting to lead to profitable growth.
• Oversee the development and launch of new insurance products and features.
• Implement product changes effectively and in compliance with laws and regulations.
• Direct end-to-end lifecycle of product, 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.
• Review and make recommendations on process and governance from a country-wide management perspective.
• Lead and mentor a team of product managers, foster cross-functional collaboration, and build a high-performing team.
• Act as primary liaison between product, engineering, business and other stakeholders.
• Drive profitability through pricing and underwriting strategies and monitor performance metrics.

Requirements

• Deep understanding of pricing and product management strategy and tactics with a proven track record of success.
• 10+ years in P&C insurance industry in product development preferred.
• Bachelor’s degree with relevant academic background required; master’s degree preferred.
• Working knowledge of insurance regulation and related business constraints.
• Experience managing and developing state teams preferred.
• Strong analytical abilities with solid understanding of insurance operations including underwriting.
• Effective organizational, time management and analytical skills, as well as demonstrated ability to exchange ideas and convey complex information clearly, both verbally and in writing.
• High level of knowledge of data sources, tools, and modeling techniques.

Benefits

• Comprehensive Total Rewards program that offers personalized coverage tailor-made for you and your family’s overall well-being.
• Financial benefits 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.
• Access to additional benefits like mental healthcare as well as fertility and adoption assistance.
• Supports flexibility- We provide workplace flexibility as well as our GEICO Flex program, which offers the ability to work from anywhere in the US for up to four weeks per year.