Sr Product Mgr, Product Development

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.
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Workplace: On-site: Hybrid ( #LI-Hybrid ) (within 50 miles of corporate office) or 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.
Job Summary This role is responsible for the development, influencing and execution of exposure management strategies across the major perils (SCS, Hurricane, Wildfire, Earthquake, Winter storm) for the enterprise.
The role requires close collaboration with Foremost Specialty, Business Insurance, and other product functions including State Management to develop, document, and execute recommended exposure management actions.
Essential Job Functions - Leads process with key stakeholders, including executive and senior leadership, on the development and implementation of comprehensive exposure management process, reporting and controls.
- Collaborates with State, National, Legal, Underwriting, and Technology to implement catastrophe management strategies.
- Drives catastrophe pricing, terms and conditions, and underwriting for current and any new product development.
- Leads at least one individual in support of major analytic projects developing exposure management practices.
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 Requirements - Bachelor's degree required preferably in business management, mathematics, management information, finance, actuarial science, economics, or other analytics related field.
Experience Requirements - 7-10 years in insurance management including product, finance, marketing, actuarial, exposure management and/or underwriting.
- Insurance risk management experience.
Experience in either product management, underwriting, CAT modelling, or other related topics are helpful to ensuring success in this role.
Preferred Qualification - Product background.
Deep understanding of our products (class plan/ROC) contract language (coverage and all the forms) - Knowledge of insurance regulations and compliance requirements, product and pricing techniques.
Understanding of competitive environment.
- Ability to justify recommendations and influence other groups to accept the implications of the exposure management recommendations and take action.
Benefits Farmers offers a competitive salary commensurate with experience, qualifications and location.
o CA Only: $131,040 - $190,100 o CO Only: $123,120 - $163,800 o HI Only: $123,120 - $175,400 o IL Only: $123,120 - $175,400 o NY/ DC Only: $120,080 - $185,400 o Albany County: $131,040 - $163,800 o WA Only: $123,120 - $219,250 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 Job Location(s): Can be located anywhere in the United States.
Hybrid (3 days/office) if located within 50 miles of corporate office.
Remote for those outside 50 miles of a corporate office.
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.