Product Manager

AssuranceAmerica Corporation; Atlanta (GA); On-site; USD 90,000 - 130,000; Full time

Job summary

AssuranceAmerica Corporation, a leader in non-standard auto insurance, seeks a Product Manager to own strategic product development for assigned state(s). You will drive profitability by managing development, pricing, roll-out, and lifecycle of competitive auto insurance products, working with Marketing, IT, Claims, and Underwriting.

You will collaborate with actuaries, regulators, and agents to file state rate/rule forms and monitor KPIs such as loss ratio and retention, ensuring compliant,

Qualifications

• Minimum 5 years' experience running full P&L over a state or group of states.
• Significant knowledge of filing laws, actuarial principles, rate structures and policy form construction.
• Demonstrate strong analytical skills for data driven decisions.
• Excellent communication and influencing skills.

Responsibilities

• Strategy & Growth: Develop and execute data-driven strategies to achieve profit, growth, and retention targets for auto insurance products within assigned state(s).
• Product Development: Define features, manage the product lifecycle, create specifications, and work with IT along with other business units to achieve successful implementation.
• Pricing & Underwriting: Analyze data to develop and adjust pricing, underwriting guidelines, and coverage plans, balancing innovation with financial soundness.
• Market Analysis: Research market trends, competitor actions, and regulatory changes to ensure products are priced competitively along with identifying opportunities and risks.
• Cross-Functional Collaboration: Partner with Actuarial, Underwriting, Claims, Sales, Marketing, IT, and Legal along with external stakeholders such as agents, vendors and regulators.
• Regulatory Compliance: Develop and manage state rate, rule and form filings along with interacting with State Insurance Departments, and ensure adherence to state regulations.
• Performance Monitoring: Track KPIs for success (loss ratio, retention, growth) and implement corrective actions.

Skills

P&L management

Analytical skills

Communication

Influencing skills

Cross-functional collaboration

Education

Bachelor's Degree

Master's Degree

CPCU designation

Actuarial/Pricing background

Tools

Excel

SAS

Word

Databases

Job description

Product Manager

Applylocations: Atlantatime type: Full time

Our Company: At AssuranceAmerica, we are more than a unique blend of insurance assets. We believe in creating a culture where every associate can learn and grow. We strive to create a work environment to meet associate needs and we are determined to achieve excellence in everything we do.This is an opportunity to join a dynamic team in a company that is a leader in the non-standard auto insurance space and functions with a small company, entrepreneurial style. This position will require someone with an understanding that one needs to have a "roll up your sleeves" attitude to help make things happen.

Job Summary

As a Product Manager, you act as the "General Manager" of your assigned state(s) holding full responsibility for development, pricing, roll-out, and management of competitive products. In this role, you will build and execute your strategic initiatives to drive profitable growth within your assigned state(s) to meet our customers' needs.As a Product Manager, you act as the "hub" within the Company liaising with Marketing/Sales, Customer Experience, IT, Claims, Legal and the Executive Team to meet growth and profitably goals for the insurance products within your assigned state(s).

Job Responsibilities

• Strategy & Growth: Develop and execute data-driven strategies to achieve profit, growth, and retention targets for auto insurance products within assigned state(s).
• Product Development: Define features, manage the product lifecycle, create specifications, and work with IT along with other business units to achieve successful implementation.
• Pricing & Underwriting: Analyze data to develop and adjust pricing, underwriting guidelines, and coverage plans, balancing innovation with financial soundness.
• Market Analysis: Research market trends, competitor actions, and regulatory changes to ensure products are priced competitively along with identifying opportunities and risks.
• Cross-Functional Collaboration: Partner with Actuarial, Underwriting, Claims, Sales, Marketing, IT, and Legal along with external stakeholders such as agents, vendors and regulators.
• Regulatory Compliance: Develop and manage state rate, rule and form filings along with interacting with State Insurance Departments, and ensure adherence to state regulations.
• Performance Monitoring: Track KPIs for success (loss ratio, retention, growth) and implement corrective actions.

Qualifications

• Required
  • Minimum 5 years' experience running full P&L over a state or group of states.
  • Significant knowledge of filing laws, actuarial principles, rate structures and policy form construction.
  • Demonstrate strong analytical skills for data driven decisions.
  • Excellent communication and influencing skills.
  • Bachelor's Degree.
• Preferred
  • Minimum 8 years' experience running full P&L over a state or group of states.
  • Master's Degree.
  • Professional industry designations (e.g. CPCU).
  • Actuarial/Pricing background.

Core Competencies

• Excellent verbal and written communication skills.
• Demonstrated team building and collaboration skills.
• Advanced analytical and spreadsheet skills, including current spreadsheet, database, and word processing software such as Excel, Word, SAS and other software that is deployed by the Company to support the Product Management functions.
• Direct, results driven, and dedicated to the success of the business and each other.

About Us

We strive for excellence in how we serve our policy holders and agents, and have since we opened our doors in 1998.We believe in creating a culture where all associates have a chance to learn and grow. We also take part in directing 5% of our earnings to fight homelessness, which gives hope with every policy purchased.We're grateful for the team we've created and the values we stand behind. We've pledged to be direct, results driven, and dedicated to the success of our business and each other.