FBS Product Development Specialist (Insurance Experience)

Capgemini; United States; On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Flexible work arrangements

Private Health Insurance

Paid Time Off

Training & Development opportunities

Competitive bonuses

Job summary

FBS – Farmer Business Services is partnering with Capgemini as Employer of Record to recruit, hire, and retain top talent for a diverse and high-performing team. The role focuses on designing, implementing, and monitoring product features with a nationwide pricing strategy and IT collaboration.

Responsibilities include research-driven product development, cross-department coordination, and delivering business requirements for system changes.

Qualifications

• Develops countrywide property product pricing and contract changes.
• Provides data analysis and reporting for national product initiatives.
• Leads special projects and coordinates with IT for system changes.

Responsibilities

• Design, implement, and monitor assigned product features.
• Develop countrywide property product pricing and contract changes.
• Conduct data analysis and reporting for national initiatives.
• Represent enterprise Product team on state, regional and national projects.
• Take leadership role in special projects as assigned.
• Monitor strategic initiatives and stay abreast of industry developments.
• Collaborate with other parts of the organization to provide business requirements to IT for system changes.

Skills

Data analysis

Research

Cross-functional collaboration

Tools

Excel

Power BI

Data Warehouses

Microsoft Suite

Job description

FBS – Farmer Business Services is part of Farmers operations with the purpose of building a global approach to identifying, recruiting, hiring, and retaining top talent. By combining international reach with US expertise, we build diverse and high-performing teams that are equipped to thrive in today’s competitive marketplace.

We believe that the foundation of every successful business lies in having the right people with the right skills. That is where we come in—helping Farmers build a winning team that delivers consistent and sustainable results.

Since we don’t have a local legal entity, we’ve partnered with Capgemini, which acts as the Employer of Record. Capgemini is responsible for managing local payroll and benefits.

What to expect on your journey with us:

• A solid and innovative company with a strong market presence
• A dynamic, diverse, and multicultural work environment
• Leaders with deep market knowledge and strategic vision
• Continuous learning and development

Summary

Responsible for design, implementation, and monitoring of assigned product features. Development of countrywide Property product pricing and contract changes. Data Analysis and reporting Participates in development of national product initiatives. Represents enterprise Product team on state, regional and national projects. Takes leadership role in special projects as assigned. Post monitoring of strategic initiatives. Stays abreast of industry developments. Collaborates with other parts of the organization to accomplish results. Responsible for providing business requirements to IT for system changes.

Responsibilities

• Conducts research involving the development of new personal lines insurance products or programs that are to be underwritten by the company; coordinates with Underwriting, Actuarial, Claims and Marketing to develop recommendations on new personal lines insurance products for which no current FIG products exist.
• Cooperates closely with other departments in the joint completion of assignments, the orderly progression of assignments from research to conclusion and the avoidance of duplicated efforts.
• Controls product research activities that include making coverage comparisons with other companies and analyzing the need for a new product as well as researching state and federal laws regulating products that have been recommended.
• Originates and suggests appropriate areas for research and develops proposals and presentations for Senior Management review for changes to our existing product line.
• Participates in joint research projects with other Home Office departments.
• Establishes and maintains a training manual for the product division.
• Also establishes and maintains research and reference material files related to newly created personal lines insurance products that originate in the product division of Personal Lines Product Development.
• Assists the Sales/Agencies Departments in the development and preparation of material interpreting or explaining newly created personal lines insurance products.
• Provides support for the computer system in product division and recommends and maintains current software to meet the needs of the division. Maintains contact with various organizations and individuals beneficial to research activities.
• Tools: Data Tools- Excel, Power BI, Data Warehouses - Intermediate (4-6 Years) Microsoft Suite - Intermediate (4-6 Years)

This position comes with a competitive compensation and benefits package.

Benefits

• A competitive salary and performance-based bonuses.
• Comprehensive benefits package.
• Flexible work arrangements (remote and/or office-based).
• You will also enjoy a dynamic and inclusive work culture within a globally renowned group.
• Private Health Insurance.
• Paid Time Off.
• Training & Development opportunities in partnership with renowned companies.