Discover your dream Career
For Recruiters

Product Manager, Product Development - Workers Comp

Farmers Insurance New York, United States
Posted 22 days ago Permanent Competitive
Product Manager, Product Development - Workers Comp
We are Farmers!

We are... more than just your favorite commercials. At Farmers, we strive to deliver peace of mind to our customers by providing protection and comprehensive advice and delivering in the moments of truth. That means having people who can help us meet changing customer and business needs. Farmers high-performance culture is focused on results and the people who achieve them. We hold ourselves and others accountable for sustainably growing the business and each other. We seek solutions, own our actions, and grow through discomfort. We see setbacks as opportunities while continuously asking ourselves how we impact our customers.

Farmers is an award winning, equal opportunity employer, committed to the strength of a diverse workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn't just our business - it's our culture! To learn more about our high-performance culture and open opportunities, check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.

Workplace: On-site ( #LI-Onsite ), Hybrid ( #LI-Hybrid ), 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.

About the role...

  • Manages a team of analysts for designated countrywide commercial product.
  • Handles specialized responsibilities and may involve ownership of one or more specific industries or coverage segments within the product.
  • Creates and implements market specific strategies and operating standards for profitable growth set by manager and senior leadership.
  • Owns tactical product and pricing changes.
  • Works with Sales, Underwriting and Service to meet stated product goals, best practices and service standards.

What you'll accomplish...

  • Executes market strategies through class and risk management techniques.
  • Performs ongoing product management and maintenance including performing deep dive analyses to formulate data driven recommendations for product, rule, rate, or underwriting changes.
  • Owns various initiatives and sees projects through implementation at the user story, feature, and epic level.
  • Directs research of national, state and product industry trends to develop strategies in order to take advantage of changing markets prior to the competition.
  • Partners with Claims team in the review of claim management protocols, state loss trends and large loss reviews.
  • Works with senior leadership to implement short and long-term projects.
  • Works with Project Management in the oversight of projects through implementation.
  • Oversees tactical regulatory and compliance changes, product innovation and competitor analysis including products and coverage.
  • Works with Actuarial team to plan and establish countrywide pricing strategies creating growth opportunities while maintaining the necessary profit.
  • Creates and owns market and product/coverage specific strategies and operating standards for profitable growth.
  • Performs other duties as assigned.

Physical actions...

  • This role, whether performed virtually or in an office setting, will include normal and customary distractions, noise, and interruptions.
  • Sits or stands for extended periods of time, up to a full work shift.
  • Occasionally reaches overhead and below the knees, including bending, twisting, pulling, and stooping.
  • Occasionally moves, lifts, carries, and places objects and supplies weighing 0-10 pounds without assistance.
  • Listens to, interprets, and differentiates auditory information (example others speaking) at normal speaking levels with or without correction.
  • Visually verifies and reads information.
  • Visually locates material, resources and other objects.
  • Ability to continuously operate a computer for extended periods of time, up to a full work shift.
  • Physical dexterity sufficient to use hands, arms, and shoulders repetitively to operate keyboard and other office equipment up to a full work shift.

Education needed...

  • High School Diploma or equivalent required.
  • Bachelor's degree preferred in the area of business management, mathematics, management information, finance, actuarial science, economics or other analytics related field.

Experience needed...

  • Minimum 3 years Insurance Product experience.
  • Product experience with workers compensation strongly preferred.
  • Project Management experience highly preferred.
  • Compliance background is a plus.
  • Experience in product innovation strategy and market intelligence within insurance (for Workers' Compensation strongly preferred).

Special Skill Requirement

  • 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.

Benefits
  • Farmers offers a competitive salary commensurate with experience, qualifications and location.
    o CA Only: $103,920 - $165,770
    o CO Only: $97,440 - $142,890
    o HI Only: $97,440 - $152,900
    o IL Only: $97,440 - $152,900
  • o MD Only: $97,440 - $152,900
    o NY/DC/Jersey City Only: $97,440 - $165,770
    o Albany County: $103,920 - $142,890
    o WA Only: $97,440 - $173,750
  • Bonus Opportunity (based on Company and Individual Performance)
  • 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 https://www.farmers.com/careers/corporate/#offer

Job Location(s): R_US - United States

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. If you are interested in any of our open positions, we encourage you to submit your application promptly.

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.

Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.
Job ID  23934
More jobs From Farmers Insurance
Legal Administrative Clerk - Limited Term Employment
Farmers Insurance
New York, USA
1 day ago Full time Competitive
Product Analyst II
Farmers Insurance
New York, USA
2 days ago Full time Competitive
Litigation Representative
Farmers Insurance
New York, USA
2 days ago Full time Competitive
Sales Project Specialist
Farmers Insurance
New York, USA
2 days ago Full time Competitive
Program Manager
Farmers Insurance
New York, USA
3 days ago Full time Competitive
Claim Owner - Rideshare Bodily Injury Claims Adjuster
Farmers Insurance
New York, USA
3 days ago Full time Competitive
Actuarial Analyst
Farmers Insurance
New York, USA
3 days ago Full time Competitive
APD Specialist III-Northern Nassau/Queen County, NY
Farmers Insurance
New York, USA
8 days ago Full time Competitive
Executive Recruiting Specialist
Farmers Insurance
New York, USA
13 days ago Full time Competitive
Product Manager - Commercial Lines; State Management
Farmers Insurance
New York, USA
14 days ago Full time Competitive

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
More Jobs Like This
Product Analyst II
Farmers Insurance
New York, USA
Litigation Representative
Farmers Insurance
New York, USA
Sales Project Specialist
Farmers Insurance
New York, USA
Program Manager
Farmers Insurance
New York, USA