Assistant Insurance Product Manager II

Ready to innovate and direct GEICO’s 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 States. In 2023, GEICO earned premiums worth over $40 billion U.S. dollars. 

Drive GEICO’s 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 GEICO’s 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 have Senior Management visibility. 

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

Understand the assigned markets and develop specific strategies related to price, product and 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 reviews, filings and 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 

Bachelor’s degree with relevant academic background 

Must be a self-motivated, goal oriented individual 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: 

Master’s degree in business or related field 

Other industry designations: FCAS, ACAS, or CPCU 

This position is remote within the United States