Product Manager II - PL

Farmers Group Inc.; United States; Hybrid; USD 96,000 - 174,000; Full time

Benefits offered by this job

Bonus Opportunity

401(k)

Medical

Vision

HSA/FSAs

Job summary

Farmers is seeking a seasoned Product Manager to own rate filing processes, drive multi-state initiatives, and improve profitability. You will partner with actuarial, underwriting, IT and distribution to deliver timely, compliant product changes.

The role requires deep regulatory expertise, leadership of junior analysts, and the ability to navigate complex compliance programs while maintaining a focus on service and efficiency.

Qualifications

• Minimum ten years US property & casualty experience in product or underwriting; or related experience.
• Bachelor's degree focus in Business, Economics, Risk Management or related field preferred.
• Experience leading teams and mentoring junior analysts.

Responsibilities

• Expertise in product management, filing processes, underwriting rules, and data requirements.
• Navigate filing, IT delivery, compliance, underwriting and regulatory processes to influence timelines.
• Strategic ownership for scheduling and deployment of rate revisions and multi-state initiatives.

Skills

Product management

Filing process

Regulatory knowledge

Cross-functional leadership

Project management

Analytics

Education

Bachelor's degree in Business or related

High School Diploma

Tools

Excel

Quoting platforms

IT systems

Job description

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36552

We are Farmers – where ambition meets opportunity.

At Farmers, we’re not just known for unforgettable jingle – we’re a team with a passion for purpose and making a real difference in people’s lives. We deliver peace of mind when it matters most. Our 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 our team. We tackle challenges head-on, learn from every experience and measure our impact on the customers who trust us.

Join an award-winning, equal opportunity employer, where you’ll find more than a job – you’ll find a supportive community. Enjoy competitive benefits, take part in meaningful volunteer projects, and help shape the future alongside talented colleagues across all backgrounds. At Farmers, helping others is at the heart of what we do.

Workplace: Hybrid ( #LI-Hybrid ) or Remote ( #LI-Remote )

Farmers believes in a culture of collaboration, creativity, and innovation, which thrives when we have the ability to work flexibly in a virtual setting as well as the opportunity to be together in person. Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered.

Job Summary

• This role is for a person that has expertise in complex projects. This role supports the rate filing process which is the most important driver of our business results.
• The role helps drive large scale process improvement. You will be assigned to a team working on specific markets or countrywide efforts that is responsible for supporting profitable growth of the business; assignments are generally less complex than those assigned to Product Directors. This position requires strong organizational and time management skills, working in a cross-collaborative environment and solving structured and unstructured business problems.
• Performs work independently with limited direction and guidance. May manage one or more Product Analysts.

Essential Job Functions

• Demonstrates an expertise in the principles of product management, filing process, quoting platforms and systems, knowledge management, underwriting guidelines and defining data requirements in support of the profit and growth of the business.
• Demonstrates expertise in ability to navigate the organization's processes (filing, IT programming/delivery/testing, compliance, underwriting, regulatory) to influence the timeline and sequencing of both rate and non-rate initiatives that drive and influence business results. Demonstrates ability to proactively manage complex rate and non-rate initiatives.
• Strategic Owner for scheduling and deploymentof rate revisions, multi-state product initiatives, and non-rate initiatives, ensuring alignment across impacted states.
• Provides support and guidance for all stages of the rate execution, filing process, compliance and regulatory projects.
• Business owner for all compliance and regulatory requests and initiatives.
• Building deep regulatory expertise for assigned market or product.
• Influences and drives more complex rate and non-rate initiatives timeline and sequencing.
• Responsible for maintaining product and underwriting rules manuals, and other documentation.
• Coordinates communication and executionacross state teams, actuarial, national product, underwriting, and distribution.
• Demonstrates expertise of competitor product structure, underwriting rules, systems and quoting platforms. Proactively and independently researches competitors to support and drive compliance and regulatory changes.
• Provides training, onboarding, support and guidance to junior analysts. Responsible for developing junior team members.
• Providesguidance and escalation supportfor complex or high-impact product issues.
• Presents, informs and develops final recommendations to leaders and business partners regarding proposed product or underwriting rule changes.
• Develops support and strategic recommendations for interactions and negotiations for proposed product or underwriting rule changes with departments of insurance and other regulatory entities.
• Developing extensive network with key internal business partners.
• Self-motivated with an ability to drive process improvements. Finds opportunities to optimize product changes, project implementation, and underwriting guideline updates.

Physical Actions

• Job is performed in-person at a Farmers office or virtually at an approved alternative work location. The physical work environment is indoors and climate-controlled with adequate lighting and ventilation. Normal and customary distractions include background noise produced by office equipment and chatter among people, as well as interruptions. Frequently sits for prolonged periods of time, up to a full shift. Occasionally moves about the workplace including, navigating stairs, ramps, and level or uneven surfaces. Occasionally moves, pushes, pulls, lifts, carries, and/or places objects or materials weighing up to 25 pounds without assistance. Frequently uses shoulders, arms, hands, and fingers to manipulate equipment, tools, and objects necessary to perform job duties. Frequently performs fine motor tasks such as typing, mousing, or writing, up to a full shift. Rarely performs movements such as bending, stooping, crouching, kneeling, twisting, and reaching overhead or below the knees. Possesses clear vision, with or without correction, to visually read and verify information. Relies on depth perception and peripheral vision to navigate the work environment visually by identifying barriers, changes in terrain and locating objects. Possesses adequate hearing, with or without correction, to communicate with co-workers, respond promptly to auditory signals or alarms, and discern sounds essential for maintaining safety and productivity in the workplace. Jobs in this category require rare, if any, travel.

Education Requirements

• High School Diploma or equivalent is required.
• Bachelor's degree with focus in Business, or Research such as Economics, Business Administration, Marketing, Risk Management preferred.

Experience Requirements

• Minimum ten years US property & casualty experience in product or underwriting; or related experience preferred.
• People leadership experience preferred.

Additional Qualification

• Demonstrated analytical and research skills.
• Possesses strong organizational skills with technical aptitude.
• Experience in Excel required.
• Effective interpersonal skills: has the ability to work in teams, embraces collaboration and networking.
• Embraces continuous learning. Strong written and verbal communication skills.
• Process improvement, lean thinking. Demonstrated mentorship and coaching skills.
• Experience with AI and Automation Tools preferred.
• Farmers offers a competitive salary commensurate with experience, qualifications and location.
  o CA Only: $102,450 - $174,240
  o CO & ME:$96,075 - $150,260
  o HI/IL/MN/VT Only:$96,075 - $160,710
  o MA Only:$96,075 - $160,710
• o MD & VA:$96,075 - $160,710
  o DC/NJ/NY/OH Only: $96,075 - $174,240
  o Albany County, NY/Cleveland, OH: $102,450 - $150,260
  o WA Only: $96,075 - $182,625
• Bonus Opportunity (based on Company and Individual Performance)
• 401(k)
• Medical
• Vision
• Health Savings and Flexible Spending Accounts

Anticipated application deadline: At Farmers, the recruitment process is designed to ensure that we find the best talent to join our team. As part of this process, we typically close open positions within 8 to 21 days after posting.

Farmers will consider for employment all qualified applicants, including those with criminal histories, in accordance with the Los Angeles Fair Chance Initiative for Hiring Ordinance or other applicable law. Pursuant to 18 U.S.C. Section 1033, Farmers is prohibited from employing any individual who has been convicted of any criminal felony involving dishonesty or a breach of trust without prior written consent from the state Department of Insurance.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Farmers is an Equal Opportunity Employer and does not discriminate in any employer/employee relations based on race, color, religion, gender, sexual orientation, gender expression, genetic information, national origin, age, disability, marital status, military and veteran's status, or any other basis protected by applicable discrimination laws.