Product Manager (Remote)

California FAIR Plan Association; Los Angeles (CA); Remote; USD 80,000 - 110,000; Full time

Job summary

A leading insurance organization in California seeks a Product Manager to develop product recommendations and enhance underwriting guidelines. The role involves research, collaboration with actuarial teams, and a focus on compliance and product efficiency. Candidates should have a bachelor’s degree, experience in P&C insurance, and strong analytical skills.

Qualifications

• Minimum 3 years of experience in a similar role with California property product.
• Strong working knowledge of P&C policy contracts.
• Demonstrates strong understanding of rate making principles and processes.

Responsibilities

• Leads research, analysis, and testing of product changes and enhancements.
• Manages and maintains Underwriting Rate and Rule manuals.
• Collaborates with actuarial staff for state rate filings and inquiries.

Skills

Research and analysis

Communication

Time management

Organizational skills

Education

Bachelor’s Degree

Tools

Microsoft Office Suite

Job description

POSITION SUMMARY
The Product Manager position is responsible for analyzing and developing product recommendations, including Underwriting guidelines, to ensure a reasonable rate of return for the member carriers. They will use data and insights to develop new business strategies and reporting.

PRINCIPAL DUTIES & RESPONSIBILITIES
• Leads research, analysis, and testing of product changes, roll outs, and channel enhancements.
• Manages and maintains Underwriting Rate and Rule manuals.
• Drafts and maintains policy forms, Dec pages, disclosures, applications, and notices.
• Collaborates with actuarial staff to prepare state rate, rule and form filings and respond to state insurance department inquiries.
• Conducts research and analysis to provide product and guideline recommendations.
• Facilitates ad-hoc analysis on specified or varied metrics.
• Directs team to pull data and analyze metrics regarding Underwriting practices and recommend efficiencies in work processes and vendor/internal tools.
• Prepares presentations in support of rate changes and other strategic decisions.
• Uses knowledge of state regulatory guidelines and constraints to ensure product compliance.
• Leads project efforts, collaborating with other departments when needed, to explore business problems, resulting in improvements to underwriting processes and performance results.
• Ensures timely and accurate application of all underwriting, premium, and policy compliance guidelines and processes supported by meaningful measurements and regular reporting of results.
• Performs additional duties and/or special projects as required.

EDUCATION & EXPERIENCE
• Bachelor’s Degree required.
• Minimum 3 years of experience in a similar role with California property product required.
• Strong working knowledge of P&C policy contracts.
• Knowledge of ISO dwelling property and commercial property insurance policy language and procedures is a plus.
• Demonstrates strong understanding of rate making principles and processes.
• Skilled in research and analysis, forming a business case, recommending process improvements, implementing product changes.
• Ability to work autonomously and is self-directed in accomplishing deliverables.
• Ability to handle multiple tasks, in a timely manner, on a continual basis under strict deadlines.

• Excellent verbal/written communication skills, including ability to make effective presentations.
• Proficiency in Microsoft Office Suite.
• Proven organization and time management skills