FBS (Mexico) - Product Development Specialist (Insurance Experience)

Farmers Insurance; Los Angeles (CA); On-site; MXN 900,000 - 1,300,000; Full time

Job summary

Farmers Insurance in Mexico seeks a Product Development professional responsible for the design, implementation, and monitoring of personal lines product features and pricing. The role drives countrywide pricing changes and collaborates on national product initiatives.

The candidate will perform data analysis, monitor strategic initiatives, and provide business requirements to IT for system changes, working with multiple departments to implement impactful insurance products.

Qualifications

• Experience in product research and development for personal lines insurance.
• Strong data analysis and reporting skills.
• Collaborates effectively with Underwriting, Actuarial, Claims, and Marketing.

Responsibilities

• Research new personal lines insurance products with cross-department input.
• Coordinate with departments to develop recommendations for new products.
• Evaluate coverage comparisons and regulatory considerations for new products.
• Develop proposals and presentations for Senior Management on product changes.
• Participate in joint research projects with other HoMe Office departments.
• Create and maintain training material for the product division.
• Maintain research and reference materials for new products in Personal Lines Product Development.
• Support Sales/Agencies in interpreting new personal lines products.
• Assist IT with system changes and ensure current software meets division needs.

Tools

Excel

Power BI

Data Warehouses

Microsoft Suite

Job description

Farmers– where ambition meets opportunity.

Farmers is known for more than its unforgettable jingle – it’s a team with a passion for purpose and making a real difference in people’s lives. Farmers employees deliver peace of mind when it matters most. The organization’s results‑driven, high‑performance culture thrives on creativity, accountability and bold solutions. Here, growth isn’t just a goal – it’s a way of life for both the organization and every individual on the team. Farmers employees tackle challenges head‑on, learn from every experience and measure their impact on the customers who trust them.

Join us and help power the success of Farmers. As a team member, you’ll collaborate with Farmers’ award‑winning workforce, benefit from a culture of innovation and support and contribute to their mission of delivering protection and peace of mind to millions of U.S. customers.

Job 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)

Benefits

This position offers a competitive compensation and benefits package designed to support your wellbeing, growth, and work–life balance. While specific benefits may vary by country and employee level, offerings generally include competitive salary opportunities, performance-based bonuses, comprehensive benefits, and ongoing training and development resources.

Important Hiring Conditions and Disclosures

By applying for this position, candidates acknowledge and agree that:

• Personal Data Processing: The personal data provided during the recruitment and selection process will be collected, processed, and retained for legitimate recruitment and compliance purposes, in accordance with applicable data protection and privacy laws and FBS internal policies.
• Legal Authorization to Work: Employment with FBS is conditional upon the candidate having valid, local legal authorization to work in the country where the role is based at the time of hire. FBS does not sponsor or obtain work authorization unless explicitly stated.
• Exclusivity of Employment and Conflict of Interest: Upon acceptance of an offer and during employment with FBS, employees will not be permitted to engage in parallel employment, professional activities, or paid work for other entities. Any ownership, partnership, directorship, or participation in other businesses or companies must be fully disclosed and formally reviewed in accordance with FBS internal conflict‑of‑interest and external engagement policies prior to the start date or as soon as such circumstances arise.
• Failure to comply with these conditions may impact the hiring decision or employment continuation.

About Farmers Insurance
"Farmers Insurance ® " and "Farmers ® " are tradenames for a group of insurers providing insurance for automobiles, homes and small businesses and a wide range of other insurance and financial services products. Farmers Insurance Exchange, the largest of the three primary insurers that make up Farmers Insurance, is recognized as one of the largest U.S. companies on the 2025 Fortune 500 list. For more information about Farmers Insurance, visit Farmers.com.