Product Manager - Personal Auto Insurance (Pricing)

Job Description

Job Description

Description:

Product Manager – Personal Auto Insurance (Pricing)

American Freedom Insurance Company (AFIC) is a leader in the nonstandard automobile insurance industry. We are an expanding midsized, highly profitable company doing business in Illinois, Indiana, Pennsylvania, Tennessee, and Texas. We are looking for a committed candidate to contribute their skills in a fast-paced and growing organization. Product managers at AFIC have direct ownership of state performance and work closely with senior leadership to drive pricing, product strategy, and market expansion initiatives. AFIC is a financially strong "A+" (Superior) AM Best and Better Business Bureau rated non-standard automobile insurer.

Your Responsibilities

• Own the profitability and performance of assigned personal auto states through pricing, product, and regulatory strategies
• Identify opportunities to improve loss ratio, retention, and growth through rate and product adjustments
• Lead the development and implementation of rate and rule filings via SERFF
• Align product goals with company objectives and strengths, regulatory requirements, and profitability targets.
• Collaborate with Marketing, Underwriting, Claims, IT, Legal, vendors, etc. to design, price, and implement product features and to support day-to-day operations.
• Maintain effective relationships with state insurance departments and manage regulatory communications and inquiries.
• Monitor and evaluate product performance metrics (loss ratios, retention, premium growth, etc.) and recommend and implement approved adjustments to improve results.
• Conduct competitor, market, and industry analysis, including agent feedback, to identify pricing opportunities, product enhancements, new coverage and features opportunities.
• Develop strong knowledge of and ensure compliance with state requirements and effectively respond to regulatory inquiries.
• Contribute and reply to audits, reviews, and regulatory examinations as a subject-matter expert. Review Market Conduct Examination findings from other carriers to proactively identify and address potential compliance exposures.
• Initiate, lead and/or support projects and initiatives that enhance product development, operations, and/or performance.
• Explore and assess new opportunities to potentially include small commercial automobile coverage, telematics, a new jurisdiction, rideshare, and/or other emerging trends.
• Support strategic initiatives and cross-department projects that advance company objectives.

• Bachelor’s degree in business, Finance, Insurance, Economics or related field required, MBA preferred
• Minimum 3–5 years of Product Management, pricing, actuarial analysis or related experience, preferably with a focus on automobile insurance
• Strong analytical, quantitative, and problem-solving skills with attention to detail
• Strong knowledge of data analysis and visualization tools such as Power BI, Tableau, SQL or other analytical tools
• Working knowledge of insurance rate filings and rules
• Effective communication and collaboration skills across technical and non-technical teams
• Proficiency with Microsoft Office Suite; experience with product management tools or regulatory filing systems (e.g., SERFF) is a plus

Benefits: AFIC offers a competitive salary and a comprehensive benefits package to support you

• Competitive Salary: Rewarding your expertise and experience
• Financial Security: 401K with up to a 6% company match
• Health & Wellness: Choice of Blue Cross Blue Shield PPO, HMO, or HSA plans, Dental and vision coverage, Access to telemedicine services
• Growth/Stability: Over 12 consecutive years of profitable growth, confirmed by A+ Superior rating by A.M. Best
• Work-Life Balance: Monday-Friday, 8 am-5 pm CST
• Holidays: At Least 6 Paid Holidays
• Paid Time Off (PTO): PTO that can be used for vacation, personal, or sick time
• Personal Days: Separate personal days for sickness, family needs, appointments or personal matters
• Employee Recognition: We celebrate work milestones to show appreciation for your contributions
• Professional Growth: Paid training, state licensing reimbursement, and opportunities for advancement
• Positive Culture: Enjoy our inclusive holiday events, employee referral bonuses, virtual team meetings, and more