91 applicants

Company

Allstate · 2 days ago

Product Underwriting Manager (I, II, Sr.)

USA - IL (Remote)

Full-time

Remote

Senior Level

$86K/yr - $130K/yr

7+ years exp

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Responsibilities

Lead the development and execution of product strategies to ensure competitive positioning and profitability in target markets.

Drive product innovation, including the creation of new coverage options, pricing models, and state-specific adjustments, with a focus on achieving P&L targets.

Conduct market research, competitor analysis, and performance evaluations to refine product offerings and anticipate market needs.

Maintain direct responsibility for the product’s P&L, balancing revenue growth, loss ratios, and expense controls.

Analyze product performance, track KPIs, and use data insights to inform strategic decisions on pricing, underwriting, and loss control.

Collaborate with actuarial, underwriting, and finance teams to ensure alignment on financial goals and risk assessments.

Utilize SQL, Python, R, SAS, and Power BI to analyze product performance, build predictive models, and identify opportunities for growth and profitability.

Design and interpret analyses to support product decisions, collaborating with data scientists and actuarial teams to leverage advanced analytics.

Develop reporting dashboards and tools in Power BI to provide ongoing insights to senior leadership.

Ensure compliance with state regulations and filing requirements, working closely with the legal and compliance teams.

Monitor regulatory changes and proactively adjust product strategies to align with evolving laws and industry standards.

Serve as the subject matter expert on commercial auto insurance trends, laws, and competitor activities within assigned regions.

Act as a liaison between Claims, Sales, Operations, and other business units to align product initiatives with company goals and customer needs.

Work with field and agency partners to drive product adoption, identify training needs, and communicate performance expectations.

Lead product planning and launch activities, coordinating with marketing, IT, and underwriting to ensure seamless implementation of new products or updates.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Product ManagementP&L ManagementSQLPythonSASPower BIRegulatory ComplianceMarket ResearchCross-Functional Collaboration

Required

Bachelor’s degree in Business, Actuarial Science, Statistics, Economics, or related field

Minimum 7-10 years of experience in product management within the commercial auto or broader insurance industry, with a demonstrated track record in product development and state launches

Experience managing product P&L and working with cross-functional teams

Strong understanding of regulatory compliance in commercial auto insurance

Excellent analytical, problem-solving, and decision-making skills

Effective communicator with experience collaborating across departments and leading project teams