Regional Insurance Product Manager

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🔥 0 minutes ago

🇺🇸 United States – Remote

💵 $108.5k - $180.8k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

✅ Product Manager

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Openly

WebsiteLinkedInAll Job Openings

201 - 500 employees

🏢 Enterprise

Insurance • Enterprise • Technology

Openly is a next-generation insurance provider focusing on homeowners insurance. They offer premium, comprehensive coverage through a network of independent agents, simplifying the process with technology. Openly aims to provide high-value home insurance with ease and transparency, enhancing the efficiency of their agency partners and improving customer satisfaction. Their approach is built on using technology to streamline quoting, customize policies, and provide excellent customer experiences.

📋 Description

• Owning state-level strategy and calibrating Openly's homeowners program for assigned states and new state entries, including UW eligibility, coverage offerings, competitive positioning, and Openly proprietary models • Managing the state filing process and DOI relationships and correspondence, ensuring timely regulatory approval • Collaborating with our Technology and Operations teams to successfully implement rate reviews and new state launches • Monitoring and analyzing key performance indicators and drivers of profitability, including loss ratios, actuarial indications, frequency/severity trends, sales conversion, persistency, and translating findings into actionable strategic recommendations • Developing cost-benefit analyses of state-level strategic initiatives and presenting recommendations that balance market opportunity with company objectives and profitability targets • Identifying business challenges and opportunities, designing analytical frameworks to evaluate options, and delivering sound recommendations • Cultivating partnerships with Business Development, serving as the primary conduit for field-level market feedback into the Insurance Product organization • Escalating state-level insights that warrant countrywide product changes, acting as an internal advocate for market needs • Contributing to other product management initiatives, such as external data evaluations, market/competitor intelligence, and new product development

🎯 Requirements

• 3-5 years of experience in insurance product management or product development roles, with a demonstrated focus on strategy, analytics, or state-level product ownership • A degree in Business Administration, Mathematics, Actuarial Science, Economics, Statistics, or related field • Solid analytical skills with the ability to develop and interpret quantitative analyses and translate findings into strategic narratives for senior business leaders and cross-functional audiences • Demonstrated ability to identify and define complex business problems and develop relevant analytical frameworks to deliver solutions, often operating in ambiguity and leveraging creativity • Strong communication, storytelling, and project management skills • Able to collaborate effectively with people at all levels across the company • Strong decision-making skills, using data to inform strategic recommendations • P&C insurance experience is required, and homeowners insurance experience is a plus • Insurance product compliance and/or state regulatory relationship experience is a plus

🏖️ Benefits

• Remote-First Culture - We supported #remotelife long before it was a given. We'll keep promoting it. • Competitive Salary & Equity • Comprehensive Medical, Dental, and Vision Plan Offerings • Life and disability coverage including voluntary options • Parental Leave - up to 8 weeks (320 hours) of paid parental leave based on meeting eligibility requirements • 401K Company Contribution - Openly contributes 3% of the employee's gross income, even if the employee does not contribute. • Work-from-home stipend - We provide a $1,500 allowance to spend on setting up your home workplace • Annual Professional Development Fund: Each employee has $2,000 in professional development (PD) funds to spend on activities or resources annually. • Be Well Program - Employees receive $50 per month to use towards your overall well-being • Paid Volunteer Service Hours • Referral Program and Reward