Product Management (Insurance) Manager

At Allstate, great things happen when our people work together to protect families and their belongings from life's uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers' evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. Job DescriptionThe Product Manager is accountable for achieving profit and growth targets for assigned state(s) / region or line(s) of business. The Product Manager designs, develops, manages, and leads strategies, initiatives, and people using product, pricing, and risk management knowledge to achieve business goals. The Product Manager leads the analytical evaluation of product and underwriting strategies and plans across the state management team.Key Responsibilities : Ownership of P&L for assigned state(s) / region or line(s) of business.Leads the formulation of topline and bottom-line strategies using data and analytics to achieve business objectives.Analyze data to assess early detection of trends, developing actionable insights and to inform decisions on pricing and risk management guidelines. This includes developing new insights and understanding of business performance based on exploratory analytics.Proactively leads the identification, development, execution, and post-implementation evaluation of strategies to address challenges and maximize opportunities.Manages competitive landscape analysis to inform rate, risk management guidelines and product decisions.Communicates and coordinates state and product efforts with IT, Sales, Compliance, Marketing, Finance, Actuarial, and other areas both within the division and throughout the enterprise.Ensures product and risk management policies are compliant with state specific regulations; provides regulatory / market conduct exam support as needed.Analyzes data and implements product changes in order to meet expectations for profitability, conservation, refinement and geographic expansion of existing business and implementation of any new product structures.Works with product analyst resources to drive business growth and profitability.Experience

• 7 or more years of experience (Preferred)Supervisory Responsibilities
• This job has supervisory duties.SkillsAnalytical Method, Analytical Thinking, Business Objectives, Business Priorities, Communication, Employee Supervision, Insurance, Insurance Industry, Insurance Products, Insurance Terminology, Operational Efficiency, Oral Communications, Production Management, Product Management, Product Management Strategy, Product Management Tools, Product Strategies, Strategic CollaborationCompensationBase compensation offered for this role is $104,000.00 - $165,000.00 annually and is based on experience and qualifications.
• Total compensation for this role is comprised of several factors, including the base compensation outlined above, plus incentive pay (i.e., commission, bonus, etc.) as applicable for the role.The candidate(s) offered this position will be required to submit to a background investigation.Joining our team isn't just a job it's an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger - a winning team making a meaningful impact.Allstate generally does not sponsor individuals for employment-based visas for this position.Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.For jobs in San Francisco, please click "here" for information regarding the San Francisco Fair Chance Ordinance.For jobs in Los Angeles, please click "here" for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.To view the "EEO is the Law" poster click "here". This poster provides information concerning the laws and procedures for filing complaints of violations of the laws with the Office of Federal Contract Compliance ProgramsTo view the FMLA poster, click "here". This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.It is the Company's policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee's ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.