Product Manager - Business Insurance

• This position manages designated product lines within a business unit to ensure they remain competitive and relevant.
• This will be focused on Commercial Multi-Peril (BOP) (i.e. Property, General Liability, Umbrella).
• The role supports strategy development and execution and manages lifecycle processes to achieve revenue, profit, and growth targets.
• The position evaluates financial performance and implements adjustments to optimize product line results.
• Collaborates cross-functionally to deliver competitive, compliant, and customer-focused insurance products.
• The position ensures effective product line management and alignment with state product goals.

• Conducts competitor analysis to inform product strategies.
• Evaluates models, rating variables, and market segments to recommend adjustments that improve competitive positioning.
• Analyzes competitor earning reports, market positioning, and countrywide rating curves to support product development and rate strategies.
• Applies research findings to support product initiatives and pricing decisions.
• Coordinates with cross-functional teams to implement product strategies and operating standards that facilitate profitable growth.
• Uses in-depth business knowledge to contribute to strategic planning for rating approaches, rating variables, and performance metrics.
• Optimizes rating structures by analyzing losses, coverage types, and industry trends.
• Performs trend analyses such as retention analysis and new money trends to support product planning and inform decisions.
• Provides data-driven recommendations for adjustments to product design, rules, rates, or underwriting.
• Coordinates cross-functionally to evaluate and execute countrywide non-rate or underwriting actions.
• Manages processes to assess the impact of changes in policy terms and coverage options, analyzes their effectiveness, and recommends adjustments to enhance outcomes.
• Monitors product performance metrics to identify trends, ensure compliance, and evaluate results.
• Prepares reports for stakeholders and maintains systems to monitor financial results, product outcomes, and post-project performance.
• Leverages data to deliver actionable insights.
• Uses data to provide actionable insights.
• Performs other duties as assigned.

• 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.

• High School Diploma or equivalent required.
• Bachelors degree preferred.

• Minimum five years of experience required in product line management or similar role.
• Commercial Insurance experience preferred.

• Strong verbal and written communication skills.
• Demonstrated ability to secure 'buy-in' and convince others regarding best approach.
• Goal oriented team player with a positive attitude.
• Excellent time management skills.
• Strong relationship building.

• Farmers offers a competitive salary commensurate with experience, qualifications and location.

• 401(k)
• Medical
• Dental
• Vision
• Health Savings and Flexible Spending Accounts
• Life Insurance
• Paid Time Off
• Paid Parental Leave
• Tuition Assistance
• For more information, review “What we offer” on

Farmers Insurance