Farmers Insurance · 3 days ago
Product Mgr, Product Development - Business Auto, CMP, or Worker's Compensation
United States
Full-time
Onsite
Mid, Senior Level
$115K/yr - $196K/yr
5+ years expFarmers Insurance is dedicated to providing peace of mind to customers through protection and comprehensive advice. The role of Product Manager focuses on developing and enhancing insurance products, leading product initiatives, and ensuring compliance with regulations while collaborating cross-functionally to drive business growth.
Auto InsuranceFinancial ServicesInsuranceLife Insurance
Responsibilities
Manages one or more product development initiatives from planning to execution to ensure timely and successful project delivery
Own and drive the end-to-end platform transition strategy for assigned products
Communicates product goals, encourages collaboration, sets clear expectations, facilitates decisions, gathers feedback, monitors progress, and addresses issues
Works closely with cross-functional teams to drive product development while adhering to established best practices and standards
Develops and executes market-specific strategies to optimize product effectiveness
Collaborates to refine product strategies to meet business and profitability objectives
Reviews coverage structures and product forms to align with market needs and risk management practices
Manages customer experience journeys by tailoring products to meet customer needs and simplifying interactions across touchpoints and platforms
Works closely with cross-functional partners to implement improvements that enhance customer experience
Aligns stakeholders for complex projects and new product rollouts
Conducts competitor analysis with a focus on eligibility criteria and risk appetite to compare product features and identify market gaps
Uses insights to recommend product enhancements that improve competitive positioning and address market demand
Performs product research to identify coverage gaps, new opportunities, and potential enhancements within assigned products or coverage segments
Analyzes trends to develop proactive strategies that capitalize on market changes
Communicates with regulatory authorities to address complex insurance product matters and ensure compliance
Ensures timely resolution in line with state and national regulations
Monitors and executes changes in laws and regulations to ensure products remain compliant
Supports development and delivery of product training for internal and external partners, including agents and brokers
Reviews training effectiveness and recommends improvements to enhance learner understanding of product features and underwriting guidelines
Collaborates with underwriting and risk management to develop and refine underwriting guidelines, eligibility criteria, and product appetite that align with overall product strategy and market needs
Ensures these guidelines support business objectives while managing risk and maintaining regulatory compliance
Collaborates with IT and operations teams to contribute to platform development that improves product delivery and operational efficiency while ensuring system capabilities support product goals
Reviews and creates policy forms in collaboration with forms teams to ensure compliance with regulatory requirements and product objectives
Ensures documentation is accurate, consistent, and reflective of product intent
Works closely with marketing teams to create marketing materials that accurately represent products and support go-to-market strategies
Provides product information, reviews drafts, participates in go-to-market strategy meetings and assists in analyzing market feedback
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 professional and team development
Performs other duties as assigned
Qualification
Required
5+ years of experience in product development or similar role
High School Diploma Or Equivalent Required
Preferred
Experience in a people leader or management role preferred
Commercial Insurance experience in any of our 3 major lines of business preferred
Bachelors Degree Preferred
Working knowledge of SaaS, SQL preferred
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
Strong critical thinking skills
Effective leadership skills
Demonstrated collaboration skills
Effectively coaches and delivers constructive feedback
Demonstrated project management skills
Possesses strong product knowledge
Working knowledge of insurance products including commercial lines, property & casualty (P& C) lines, specialty lines, and other relevant types
Familiar with all stages of product lifecycle including ideation, development, launch, and post-launch evaluation
Demonstrated P&L management experience
Possesses strong technical aptitude
Proficient in Microsoft Office suite
Benefits
Medical
Dental
Vision
Health Savings and Flexible Spending Accounts
Life Insurance
Paid Time Off
Company
Farmers Insurance
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.
10001+ employees
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)
Funding
Current Stage
Late StageLeadership Team
Jose Tamayo
Agency Owner
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