Pricing Manager - Auto Insurance

American Freedom Insurance Company; Mount Prospect (IL); On-site; USD 135,000 - 150,000; Full time

Benefits offered by this job

401(k) with up to 6% company match

Blue Cross Blue Shield medical plans

Dental and vision insurance

Life & disability insurance

Job summary

A reputable insurance provider is seeking an experienced Product Manager in Mount Prospect, Illinois. The role requires 3-5 years of experience with a focus on auto insurance product management. Responsibilities include managing state-specific product features, collaborating across departments, and ensuring compliance with regulatory standards. This position offers competitive pay and a range of employee benefits, supporting a collaborative work culture.

Qualifications

• 3-5 years of Product Management experience, preferably in automobile insurance.
• Strong knowledge of regulatory filing and compliance.

Responsibilities

• Manage assigned auto insurance state(s) for profitability and compliance.
• Collaborate with departments to design and implement product features.
• Monitor product performance metrics and recommend adjustments.
• Conduct market analysis for product enhancements.

Skills

Excellent quantitative skills

Communication skills

Strong analytical skills

Attention to detail

Data analysis

Education

Bachelor's degree in Business, Finance, Insurance, or Economics

MBA (preferred)

Tools

Power BI

Tableau

Microsoft Office Suite

SERFF

Job description

Overview

American Freedom Insurance Company (AFIC), a fast-growing, A+ (Superior) rated non-standard auto insurer doing business in Illinois, Indiana, Pennsylvania, Tennessee, Texas, and with a license in Ohio, is seeking an experienced, proven, detail-oriented Product Manager. This role will focus on achieving favorable results, handling regulatory filings, developing state-specific program enhancements, and effectuating the development of competitive product strategies. The ideal candidate has favorable experience in insurance product management, strong technical/math skills and enjoys working collaboratively across departments.

Base pay range

$135,000.00/yr - $150,000.00/yr

Responsibilities

• Manage an assigned auto insurance state(s), ensuring profitability, compliance, and competitiveness when appropriate.
• Align product goals with company objectives and strengths, regulatory requirements, and profitability targets.
• Collaborate with Marketing, Underwriting, Claims, IT, Legal, vendors, etc. to design, price, and implement product features and to support day-to-day operations.
• Maintain effective regulatory relations, prepare and submit product and rate filings via SERFF and overall communicate successfully with insurance departments.
• Monitor and evaluate product performance metrics (loss ratios, retention, premium growth, etc.) and recommend and implement approved adjustments to improve results.
• Conduct competitor and market analysis including securing agent input to identify trends, pricing opportunities, product enhancements, etc. and incorporate into actionable product advancements.
• Develop strong knowledge of and ensure compliance with state requirements and effectively respond to regulatory inquiries.
• Contribute and reply to audits, reviews, and regulatory examinations as a subject-matter expert. Review criticisms and areas reviewed in other insurance carrier Market Conduct Exam reports and ensure AFIC is in compliance with all potential exposures.
• Analyze market trends, competitor activity, and industry developments to identify opportunities for new products, coverages, and enhancements.
• Initiate, lead and/or support projects and initiatives that enhance product development, operations, and/or performance.
• Explore and assess new opportunities to potentially include small commercial automobile coverage, telematics, a new jurisdiction, rideshare, and/or other emerging trends.
• Address other significant company projects.

Requirements

• Bachelor’s degree in Business, Finance, Insurance, Economics or related field required, MBA preferred
• Minimum 3–5 years of Product Management or related experience, preferably with a focus on automobile insurance
• Excellent quantitative and communication skills
• Strong knowledge of data analysis and visualization tools such as Power BI or Tableau
• Strong analytical and problem-solving skills with attention to detail
• Working knowledge of insurance rate filings and rules
• Effective communication and collaboration skills across technical and non-technical teams
• Proficiency with Microsoft Office Suite; experience with product management tools or regulatory filing systems (e.g., SERFF) is a plus

Why AFIC?

• 401(k) with up to 6% company match
• Blue Cross Blue Shield medical plans (PPO, HMO, HSA)
• Dental, vision, and telemedicine
• Life & disability insurance

Growth & Stability

• 13 consecutive years of premium growth
• Over 25 years of annual profitability
• A+ rated “Superior” by A.M. Best, the most respected rating agency of insurance companies
• Expansion across 5+ states

Work-Life Balance

• Paid time off and holidays
• Regular 8 AM – 5 PM hours

Culture

• Business casual dress
• Friendly, collaborative workplace
• Company-paid lunches, events, and recognition programs

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Product Management
• Industries
• Insurance