Assistant Insurance Product Manager II

GEICO

Job Location:

Bethesda, MD - USA

Monthly Salary: $ 121975 - 189625

Posted on: 6 days ago

Vacancies: 1 Vacancy

Job Summary

At GEICO we offer a rewarding career where your ambitions are met with endless possibilities.

Every day we honor our iconic brand by offering quality coverage to millions of customers and being there when they need us most. We thrive through relentless innovation to exceed our customers expectations while making a real impact for our company through our shared purpose.

When you join our company we want you to feel valued supported and proud to work here. Thats why we offer The GEICO Pledge: Great Company Great Culture Great Rewards and Great Careers.

Ready to innovate and direct GEICOs profitable growth If so Read on!

The Government Employees Insurance Company (GEICO) is a private American auto insurance company with headquarters in Chevy Chase Maryland. GEICO is a wholly owned subsidiary of Berkshire Hathaway and is the third largest auto insurer in the United 2023 GEICO earned premiums worth over$40 billionU.S. dollars.

Drive GEICOs profitable growth and innovate its products by joining our Insurance Product Management team. We are looking for an Associate Product Manager with high potential to strategically analyze potential opportunities and risks and lead efforts to solve complicated business problems and effect positive change. You will be on the front line of driving GEICOs long-term profitable growth with responsibility for delivering results in one or more states.

Job Duties and Responsibilities:

The Insurance Product Management team has an opening for an Associate Product Manager who will build product strategy and drive pricing and non-pricing decisions leading to profitable growth. This role will be at the Associate Product Manager level and will haveSeniorManagement visibility.

Manage state(s) to meet profitability targets and grow as fast as possible

Understand the assigned markets and develop specific strategies related to priceproductand underwriting

Utilize analytical problem solving and leadership skills to execute and deliver product initiatives

Collaborate with subject matter experts and other company leaders to implement changes that enhance the customer experience

Research the competition to develop opportunity and threat assessments

Review and make recommendations on process and governance from a country-wide state management perspective

Direct end-to-end lifecycle of department and corporate initiatives

Advocate on behalf of the company with regulators and consultants and in legal and compliance matters

Manage rate filings through approval reviewing and approving text for rate reviewsfilingsand internal communications

Implement product changes effectively and in compliance with laws and regulations

Required Qualifications:

Prior experience in pricing and/or product analysis / product management with an understanding of basic product management concepts

Minimum of 5 years in P&C insurance industry with an understanding of the current environment

Working knowledge of insurance regulation and related business constraints

Capable of managing states with management oversight

Bachelors degree with relevant academic background

Must be a self-motivatedgoal orientedindividual with curiosity

Demonstrated ability to exchange ideas and convey complex information clearly both verbally and in writing

Strong analytical abilities with solid understanding of pricing techniques and insurance operations including underwriting

Must have good planning organizational decision-making and communication skills

High level knowledge of data sources tools and modeling techniques

Ability to adapt to a fast-paced and changing environment and get work done through others

Preferred Qualifications:

Masters degree in business or related field

Other industry designations: FCAS ACAS or CPCU

This position is remote within the United States

Annual Salary

$121975.00 - $189625.00

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 candidates work experience education and training the work location as well as market and business considerations.

At this time GEICO will not sponsor a new applicant for employment authorization for this position.

The GEICO Pledge:

Great Company:At GEICO we help our customers through lifes twists and turns. Our mission is to protect people when they need it most and were constantly evolving to stay ahead of their needs.

Were an iconic brand that thrives on innovation exceeding our customers expectations and enabling our collective success. From day one youll take on exciting challenges that help you grow and collaborate with dynamic teams who want to make a positive impact on peoples lives.

Great Careers:We offer a career where you can learn grow and thrive through personalized development programs created with your career and your potential in mind. Youll have access to industry leading training certification assistance career mentorship and coaching with supportive leaders at all levels.

Great Culture:We foster an inclusive culture of shared success rooted in integrity a bias for action and a winning mindset. Grounded by our core values we have an an established culture of caring inclusion and belonging that values different perspectives. Our teams are led by dynamic multi-faceted teams led by supportive leaders driven by performance excellence and unified under a shared purpose.

As part of our culture we also offer employee engagement and recognition programs that reward the positive impact our work makes on the lives of our customers.

Great Rewards:We offer compensation and benefits built to enhance your physical well-being mental and emotional health and financial future.

Comprehensive Total Rewards program that offers personalized coverage tailor-made for you and your familys overall well-being.
Financial benefits including market-competitive compensation; a 401K savings plan vested from day one that offers a 6% match; performance and recognition-based incentives; and tuition assistance.
Access to additional benefits like mental healthcare as well as fertility and adoption assistance.
Supports flexibility- We provide workplace flexibility as well as our GEICO Flex program which offers the ability to work from anywhere in the US for up to four weeks per year.

The equal employment opportunity policy of the GEICO Companies provides for 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. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.

Required Experience:

At GEICO we offer a rewarding career where your ambitions are met with endless possibilities.Every day we honor our iconic brand by offering quality coverage to millions of customers and being there when they need us most. We thrive through relentless innovation to exceed our customers expectations ...