Position Overview
The State Product Management Director oversees the strategic planning, development, and execution of insurance product initiatives within the state of California. This individual will own north of $1 billion in terms of premium for the state. Given California's highly regulated market, the successful candidate must have proven product leadership experience within the state to ensure compliance, profitability, and competitive positioning.
Key Responsibilities
- Strategic Leadership
- Develop and implement the California product strategy in alignment with organizational goals
- Conduct market analysis to identify opportunities for new products and enhancements to existing offerings
- Monitor industry trends, competitor activities, and regulatory changes specific to California to inform product strategies
Product Development and Management
Lead the creation, design, and launch of insurance products tailored to California's market demandsManage the full product lifecycle, including pricing, underwriting guidelines, and distribution strategiesCollaborate with actuarial, underwriting, and marketing teams to optimize product performanceEnsure all products meet California-specific compliance requirements and align with corporate policies.Performance Analysis and Optimization
Analyze product performance metrics, including profitability, retention, and growth, to identify improvement opportunitiesConduct regular reviews of the California product portfolio and implement necessary adjustmentsProvide reports and insights to senior management on product performance within CaliforniaRegulatory Compliance
Maintain thorough knowledge of California insurance regulations and ensure product offerings comply with legal standardsServe as the primary liaison with California insurance regulators regarding product filings and approvalsTeam Collaboration and Leadership
Lead and mentor a team of product managers, analysts, and support staff in CaliforniaFoster a collaborative culture across cross-functional teams to drive product successAct as a subject matter expert for California product matters, providing guidance and training as neededEducation and Experience
Bachelor’s degree in Business, Marketing, Actuarial Science, or a related field (MBA preferred)7 years of experience in product management within the insurance industry, with specific leadership experience in CaliforniaDeep understanding of California's insurance market dynamics and regulatory environmentSkills and Competencies
Proven ability to develop and execute product strategies that drive profitability and growthExpertise in pricing, underwriting, and compliance for California insurance productsStrong analytical and problem-solving skills with attention to detailExcellent communication and presentation skillsLeadership skills with experience managing and developing high-performing teamsProficiency in data analysis tools and insurance management softwareWork Environment
This is a remote opportunity, allowing the successful candidate to work from their preferred location. Quarterly travel is expected to meet with regulators, attend industry events, or collaborate with regional and corporate teams.Annual Salary
133,000.00 - $207,000.00
The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate / annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.
Benefits :
As an Associate, you’ll enjoy our Total Rewards Program to help secure your financial future and preserve your health and well-being, including :
Premier Medical, Dental and Vision Insurance with no waiting periodPaid Vacation, Sick and Parental Leave401(k) PlanTuition AssistancePaid Training and LicensuresBenefits may be different by location. Benefit eligibility requirements vary and may include length of service.GEICO is an equal employment opportunity employer. We provide a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law.
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Salary : $133,000 - $207,000
