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Farmers Insurance · 2 days ago

Product Manager - Business Insurance ($20k Sign-On Bonus)

United States

Full-time

Onsite

Mid, Senior Level

$115K/yr - $196K/yr

5+ years exp

Farmers Insurance is committed to delivering peace of mind to customers through comprehensive insurance solutions. The Product Manager role focuses on developing and executing state-level strategies for business insurance products, analyzing market conditions, and collaborating cross-functionally to ensure competitive and compliant offerings.

Auto InsuranceFinancial ServicesInsuranceLife Insurance

H1B Sponsor Likely

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

Qualification

Insurance product managementData analysisP&L managementCommercial insurance experienceProduct management toolsPowerBISQLTechnical aptitudeCoaching skillsVerbal communicationWritten communicationInterpersonal skillsLeadership skillsCollaboration skills

Required

Minimum five years of experience required in insurance product management, pricing, or related, with experience in state-level business insurance product management preferred

High School Diploma or equivalent required

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

Able to interact effectively with business partners and stakeholders

Demonstrated analytical skills. Able to analyze data and trends to make informed decisions and recommendations

Demonstrated P&L management experience

Possesses strong technical aptitude

Proficient in Microsoft Office suite

Preferred

Experience in a people leader or management role preferred

Commercial Insurance product management experience highly preferred

Bachelors degree preferred

Graduate degree preferred

Familiarity with product management tools, data analysis software, and reporting systems

Experience with PowerBI, SaaS, SQL preferred

Effectively coaches and delivers constructive feedback

Effective leadership skills

Demonstrated collaboration skills

Benefits

Medical

Dental

Vision

Health Savings and Flexible Spending Accounts

Life Insurance

Paid Time Off

Company

Farmers Insurance

Glassdoor3.2

The companies comprising the Farmers Insurance Group of Companies® currently make up one of the country's largest insurers of vehicles, homes and small businesses, and provide a wide range of other specialty insurance and financial services products.

Founded in 1928

Los Angeles, California, USA

10001+ employees

https://www.farmers.com

H1B Sponsorship

Farmers Insurance has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (105)

2024 (76)

2023 (86)

2022 (129)

2021 (106)

2020 (90)