State Manager Insurance
Job Summary
The State Manager is responsible for tailoring auto insurance products for new and existing markets to ensure compliance, profitability, and growth. This role involves analyzing regulatory environments, competitive pricing, and key performance metrics to drive product strategy. You will collaborate cross-functionally with teams like Product Enablement, Technology, and Legal to execute operational changes.
Responsibilities
- Manage state insurance product strategy and compliance
- Perform competitive analysis and pricing research
- Analyze P&L drivers to improve business outcomes
- Collaborate with cross-functional teams for operational execution
Required Skills
- Personal auto insurance industry expertise
- Quantitative and P&L analysis
- Regulatory and legislative research
- Project management and cross-functional leadership
Job Details
RESPONSIBILITIES:
- Develop the strategy and execution of state product launches (forms, underwriting, rates/rules) and associated regulatory filings.
- Research state legislative and regulatory requirements and advise actions needed to be compliant.
- Perform analysis of competitor offerings and pricing.
- Work collaboratively with cross-functional teams to execute operational changes.
- Communicate business requirements to Technology partners.
- Analyze the drivers of P&L (e.g. conversion, average premium, mix of business, retention, loss ratio, loss trend) and develop strategies that improve outcomes.
- Develop hypotheses and seek out new ideas and approaches to business issues.
QUALIFICATIONS:
- Knowledge and understanding of personal auto insurance, including working knowledge of the insurance policy, underwriting, pricing and state regulation.
- Ability to utilize quantitative approaches to generate sound business analyses.
- Knowledgeable of direct-to-consumer insurance distribution.
- Exceptional interpersonal, communication, and cross-collaboration skills.
- Proficiency with Microsoft Office Suite.
- High School Diploma or equivalent required; Bachelor's Degree in Business, Finance, Math, Insurance or related field, or 4 additional years of related experience.
- 3+ years related professional experience with analysis and/or managing personal lines insurance product performance.
- 1+ years of experience managing direct report(s) or managing the work of resources in a matrixed team preferred.