Product Management (Insurance) Manager

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. 

Job Description

The Product Manager is accountable for achieving profit and growth targets for assigned state(s)/region or line(s) of business. The Product Manager designs, develops, manages, and leads strategies, initiatives, and people using product, pricing, and risk management knowledge to achieve business goals. The Product Manager leads the analytical evaluation of product and underwriting strategies and plans across the state management team.

Key Responsibilities:

• Ownership of P&L for assigned state(s)/region or line(s) of business.
• Leads the formulation of topline and bottom-line strategies using data and analytics to achieve business objectives.
• Analyze data to assess early detection of trends, developing actionable insights and to inform decisions on pricing and risk management guidelines. This includes developing new insights and understanding of business performance based on exploratory analytics.
• Proactively leads the identification, development, execution, and post-implementation evaluation of strategies to address challenges and maximize opportunities.
• Manages competitive landscape analysis to inform rate, risk management guidelines and product decisions.
• Communicates and coordinates state and product efforts with IT, Sales, Compliance, Marketing, Finance, Actuarial, and other areas both within the division and throughout the enterprise.
• Ensures product and risk management policies are compliant with state specific regulations; provides regulatory/market conduct exam support as needed.
• Analyzes data and implements product changes in order to meet expectations for profitability, conservation, refinement and geographic expansion of existing business and implementation of any new product structures.
• Works with product analyst resources to drive business growth and profitability.

Experience

• 7 or more years of experience (Preferred)

Supervisory Responsibilities

• This job has supervisory duties.

Skills

Analytical Method, Analytical Thinking, Business Objectives, Business Priorities, Communication, Employee Supervision, Insurance, Insurance Industry, Insurance Products, Insurance Terminology, Operational Efficiency, Oral Communications, Production Management, Product Management, Product Management Strategy, Product Management Tools, Product Strategies, Strategic Collaboration

Compensation

Base compensation offered for this role is $104,000.00 - $165,000.00 annually and is based on experience and qualifications.

*** Total compensation for this role is comprised of several factors, including the base compensation outlined above, plus incentive pay (i.e., commission, bonus, etc.) as applicable for the role.

The candidate(s) offered this position will be required to submit to a background investigation.

Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger – a winning team making a meaningful impact.

Allstate generally does not sponsor individuals for employment-based visas for this position.

Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

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