Life Product Management Senior Specialist

Life Product Management Senior Specialist American Family Insurance Madison, WI Full-time Full-time Monitors and analyzes the performance of the line or book of business, provides product strategy recommendations to divisional and departmental leadership. Evaluates and tracks competitor products, pricing information and target markets. Researches competitor pricing and rating programs providing insights and analysis to the business for pricing enhancements and new products. May specialize in product management and/or product development accountabilities depending upon business need.

Position Compensation Range:

$88,000.00 - $145,000.00

Pay Rate Type:

Salary Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates. Primary Accountabilities

• May serve as project lead for implementation of products and services.
• Monitors and analyzes the performance of the product lines, agent, or book of business.
• Evaluates profit factors and conducts analysis of performance data to provides product strategy recommendations relating to profit, growth, retention, and overall book of business.
• Develops and maintains effective working relationships with other lines to identify product gaps and opportunities.
• Researches and develops concepts for complex new or enhanced products and/or services.
• Works with partners in pricing/actuarial, claims, etc. to ensure product compliance and financial viability.
• Prepares contract language, develops initial underwriting guidelines and standards, and oversees development of new predictive analytics including pricing models and other predictive models.
• Serves as subject matter expert in development of contract language and/or underwriting guidelines. Ensures product compliance.
• Produces detailed competitive research and analysis for personal lines products using a variety of information sources and tools to support decision making. Analyzes all available data forming conclusions regarding our competitive position in the marketplace. Provides recommendations to leadership to capitalize on product offerings and geographical areas.
• Provides expertise regarding how competitor actions and industry trends influences personal lines ability to meet corporate and divisional objectives. Makes recommendations to management regarding operational and product changes that may enhance our competitive position.
• Stays abreast of all rate changes, rating enhancements and program changes by our competitors; researches competitor filings, rate and rule manuals to ascertain changes made and their impact on our competitive position. Ensures analysis and reporting accuracy explaining drivers and insights relating to competitive position changes. Specialized Knowledge & Skills Requirements
• Demonstrated experience providing customer-driven solutions, support or service.
• Demonstrated experience performing complex financial, actuarial or business analysis.
• Solid knowledge and understanding of customer, business industry, insurance, underwriting guidelines and risk concepts in area of expertise.
• Demonstrated problem-solving and analytical skills to review complex products, and/or lines of business.
• Demonstrated experience making independent decisions.
• Demonstrated experience in project management methodologies, practices, techniques and tools. Licenses
• Not applicable. Travel Requirements
• Up to 10%. Physical Requirements
• Work that primarily involves sitting/standing. Working Conditions
• Not applicable.

Additional Information Offer to selected candidate will be made contingent on the results of applicable background checks Offer to selected candidate is contingent on signing a non-disclosure agreement for proprietary information, trade secrets, and inventions Sponsorship will not be considered for this position unless specified in the posting We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits. We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. American Family Insurance is committed to the full inclusion of all qualified individuals. If a reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please email AskHR@AmFam.com to request a reasonable accommodation. #LI-MD2