State Product Manager

Homesite
paid time off, paid holidays, 401(k)
United States, Wisconsin, Madison
Nov 20, 2024
Develops and introduces new or enhanced products and services in existing markets to strategically manage the product development lifecycle. Delivers enhancements that improve product using contract language, underwriting rules/guidelines, system/platform, automation, and use of pricing/predictive analytics. Supports and manages insurance product performance in market by leveraging analysis, insights across a variety of internal and external sources to conduct root cause analysis. Researches solutions that inform recommended actions to improve profitability, growth and customer experience in support of annual profit and growth plans. Creates insights from intelligence about customer, market and competitors for problem solving and proactively monitoring trends in the market. May specialize in product development and/or product management depending upon needs of business area. Position Compensation Range: Pay Rate Type: Salary Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates. Primary Accountabilities Leads significant, cross functional teams aligned to drive solutions for profitable and growth objectives. Responsible for profit and loss accountability and decision-making responsibility for key aspects including rate level and risk appetite. Develops strategies and implements them to deliver strategic initiatives that drive profit and/or growth objectives. Provides strategic direction for functional areas and maintains alignment with product professionals to ensure successful development of the entire product line. Leads others towards the identification of valid root causes of business issues, develops solutions and drives the execution of plan implementation. Develops and maintains effective working relationship with other lines to avoid product overlaps or gaps and determines opportunities. Charged with leading new product innovation and development projects both as the leading subject matter expert and overall development leader for the initiative. Ensures overall financial viability, sustainability, and compliance of new or enhanced product/service offering. Develops product strategies for new and enhanced products with robust lean innovation, agile product development and other methods aimed at developing insurance products & services. Establishes efficient and effective product design procedures that set standards for others, inclusive of support functions. Conduct market research to become familiar with requirements for current and future products supported by on-going evaluation of customers, products and competitors. Research the non-standard product marketplace to gain advanced knowledge of the competition's strengths, weaknesses and products in order to analyze the company's ability to compete within the market. Analyzes potential partner relationships. Specialized Knowledge & Skills Requirements Demonstrated experience providing customer-driven solutions, support, or service. Demonstrated experience developing insurance product/line of business strategies. Extensive knowledge of leveraging customer, market, and competitor intelligence. Extensive knowledge and experience with lean innovation, agile or other development/innovation approaches. Extensive knowledge of market research and marketplace and regulatory trends. Extensive knowledge and understanding of product design, pricing and product management. Solid knowledge and understanding of advanced financial and data analysis techniques. Licenses Not applicable. Travel Requirements Up to 10%. Physical Requirements Work that primarily involves sitting/standing. Working Conditions Not applicable. In this flex office/home role, you will be expected to work a minimum of 10 days per month from one of the following office locations: Madison, WI 53783; Boston, MA 02110 Candidates must reside within a 50-mile radius of the office location (or 35-mile radius for Boston / Chicago). #LI-Hybrid Internal candidates are encouraged to apply regardless of location and will be considered based upon the needs of the role. We encourage you to apply even if you do not meet all of the requirements listed above. Skills can be used in many different ways, and your life and professional experience may be relevant beyond what a list of requirements will capture. We encourage those who are passionate about what we do to apply! We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits. We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.