Demo

Product Manager

American Family Insurance
American Family Insurance Salary
Boston, MA Full Time
POSTED ON 4/13/2025
AVAILABLE BEFORE 5/11/2025

You will develop and introduce new or enhanced enterprise underwriting projects in existing markets to strategically manage product and underwriting results, deliver enhancements that improve products using underwriting rules / guidelines, system / platform, automation, and use of pricing / predictive analytics. You will support and manage insurance product performance in market by leveraging analysis, insights across a variety of internal and external sources to conduct root cause analysis, research solutions that inform recommended actions to improve profitability, growth and customer experience in support of annual profit and growth plans. Create insights from intelligence about customer, market and competitors for problem solving and proactively monitoring trends in the market. You will report to a Product Director.

Position Compensation Range :

125,000.00 - $214,000.00

Pay Rate Type : Salary

Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.

Primary Accountabilities

  • Lead significant, cross functional teams aligned to drive solutions for profit and growth objectives. Have decision-making responsibility for key aspects including underwriting strategy and risk appetite.
  • Develop underwriting and inspection best practices and implement them to deliver strategic initiatives that drive profit and / or growth objectives.
  • Provide strategic direction for underwriting functional areas and maintain alignment with product professionals to ensure successful development of the entire product line.
  • Lead others towards the identification of valid root causes of business issues, develops solutions and drives the execution of plan implementation. Develop and maintain effective working relationship with other lines to avoid product overlaps or gaps and determines opportunities.
  • Charged with leading underwriting and inspection innovation and development both as the leading subject matter expert and overall development leader for the initiative.
  • Conduct market research to become familiar with requirements for current and future products supported by on-going evaluation of customers, products and competitors.

Specialized Knowledge & Skills Requirements

  • Demonstrated experience providing customer-driven solutions, support, or service.
  • Demonstrated experience developing insurance product / line of business strategies.
  • Demonstrated knowledge and understanding of product design, pricing and product management.
  • Extensive knowledge of leveraging customer, market, and competitor intelligence.
  • Extensive knowledge and experience with lean innovation, agile or other development / innovation approaches.
  • Extensive knowledge of market research and marketplace and regulatory trends.
  • Extensive knowledge of underwriting and inspection operations and strategies.
  • Solid knowledge and understanding of advanced financial and data analysis techniques.
  • Travel Requirements

  • Up to 10%.
  • Physical Requirements

  • Work that primarily involves sitting / standing.
  • In this primarily office-based role, you will be expected to spend at least 80% of your time (4 days per week) working from one of the following office location(s) : Madison, WI 53783; Boston, MA 02110

    We encourage you to apply even if you do not meet all of the requirements listed above. Skills can be used in many different ways, and your life and professional experience may be relevant beyond what a list of requirements will capture. We encourage those who are passionate about what we do to apply!

    We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits.

    We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.

    LI-CF1

    Salary : $125,000 - $214,000

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