Assistant Insurance Product Manager II
WFA Digital Insight
The demand for skilled insurance product managers has skyrocketed, with the industry experiencing a significant shift towards digital transformation. As the insurance landscape continues to evolve, companies like GEICO are seeking talented professionals to drive innovation and growth. With over 40 billion dollars in earned premiums, GEICO is a leader in the industry, offering a unique opportunity for career advancement. The current remote job market has made it easier for professionals to join top companies like GEICO, with the demand for remote work skills growing by 25% in the past year. Before applying, candidates should be aware of the rapidly changing insurance regulations and the need for strong analytical skills to succeed in this role.
Job Description
About the Role
As an Assistant Insurance Product Manager II at GEICO, you will play a crucial role in driving the company's profitable growth and innovation. You will be responsible for managing state-specific markets, developing product strategies, and making pricing and non-pricing decisions. This role will provide you with the opportunity to work closely with senior management and have a significant impact on the company's long-term growth.The Insurance Product Management team at GEICO is responsible for developing and executing product initiatives that drive business results. As an Assistant Insurance Product Manager II, you will be an integral part of this team, working closely with subject matter experts and other company leaders to implement changes that enhance the customer experience. You will also have the opportunity to collaborate with cross-functional teams, including underwriting, marketing, and sales.
The ideal candidate for this role will have a strong background in insurance product management, with a minimum of 5 years of experience in the P&C insurance industry. You will have a deep understanding of insurance regulation and related business constraints, as well as excellent analytical and problem-solving skills.
What You Will Do
- Manage state-specific markets to meet profitability targets and drive growth
- Develop and execute product strategies, including pricing and non-pricing decisions
- Collaborate with subject matter experts and other company leaders to implement changes that enhance the customer experience
- Conduct market research and analyze competitors to identify opportunities and threats
- Develop and maintain relationships with regulators, consultants, and other stakeholders
- Manage rate filings and ensure compliance with laws and regulations
- Direct the end-to-end lifecycle of department and corporate initiatives
- Advocate on behalf of the company with regulators and consultants
- Implement product changes effectively and in compliance with laws and regulations
- Manage and analyze large datasets to inform business decisions
- Develop and maintain reports to track key performance indicators
What We Are Looking For
- Minimum of 5 years of experience in the P&C insurance industry
- Strong understanding of insurance regulation and related business constraints
- Excellent analytical and problem-solving skills
- Ability to manage and analyze large datasets
- Strong communication and interpersonal skills
- Experience with product management concepts and techniques
- Bachelor's degree in a relevant field, such as business or economics
- Working knowledge of insurance operations, including underwriting
- Ability to adapt to a fast-paced and changing environment
- Strong planning, organizational, and decision-making skills
Nice to Have
- Master's degree in business or a related field
- Industry designations, such as FCAS, ACAS, or CPCU
- Experience with data modeling and analysis
- Knowledge of programming languages, such as Python or R
- Experience with cloud-based technologies and tools
Benefits and Perks
- Competitive salary and benefits package
- Opportunity to work with a leader in the insurance industry
- Collaborative and dynamic work environment
- Professional development and growth opportunities
- Flexible work arrangements, including remote work options
- Access to cutting-edge technologies and tools
- Comprehensive health and wellness programs
- Generous paid time off and holiday schedule
- Retirement savings plan with company match
- Employee recognition and reward programs
- Discounts on insurance products and services
- Opportunities for advancement and career growth
- A culture that values diversity, equity, and inclusion
- A commitment to giving back to the community through volunteerism and charitable giving
- A fun and inclusive work environment with regular social events and activities
- A flexible and supportive work environment that encourages work-life balance
- A comprehensive onboarding program to ensure a smooth transition into the role
How to Stand Out
- Develop a strong understanding of insurance regulation and related business constraints to succeed in this role
- Highlight your analytical and problem-solving skills, as well as your ability to manage and analyze large datasets
- Showcase your experience with product management concepts and techniques, as well as your knowledge of insurance operations
- Be prepared to discuss your experience with data modeling and analysis, as well as your knowledge of programming languages
- Research the company culture and values, and be prepared to discuss how you can contribute to them
- Practice your communication and interpersonal skills, as you will be working closely with cross-functional teams
- Be prepared to discuss your experience with cloud-based technologies and tools, as well as your ability to adapt to a fast-paced and changing environment
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