Territory Product Manager

Employer
Allstate
Location
Chantilly, VA
Posted
Jun 13, 2017
Closes
Jun 21, 2017
Function
Management
Hours
Full Time
Where good people build rewarding careers.Think that working in the insurance field can't be exciting, rewarding and challenging? Think again. You'll help us reinvent protection and retirement to improve customers' lives. We'll help you make an impact with our training and mentoring offerings. Here, you'll have the opportunity to expand and apply your skills in ways you never thought possible. And you'll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life. CompetenciesJob DescriptionThe Field Product Management Organization (FPMO) makes business decisions for a line of insurance or defined marketplace which appropriately consider product, pricing and risk management levers. They evaluate the opportunities and challenges in the marketplace and build strategies to address them while ensuring integration with other business units to achieve growth and profitability objectives. The Territory Product Manager (TPM) leads the team in achieving profit and growth targets for an assigned state/region or line(s) of business. They design, develop, manage and lead strategies, initiatives, and people using product, pricing, and risk management skills to achieve business goals.The major components of the TPM role include:1. Profitable Growtha) Leverages team to analyze data and make recommendations on rates and underwriting guidelinesb) Supports concept creation and design of new programs, plans, process and/or products to solve market specific issues2. Product implementationa) Leads execution of planned changes, products or projects within the assigned marketplace; including appropriate communication, cross functional integration, and project control across impacted departmentsb) Ensures cross functional engagement of resources and expertise for successful implementationc) Communicates and presents project information/updates to regional leadership3. Compliancea) Ensures appropriate processes are in place for all aspects of product management4. Development of Peoplea) Creates and executes highly focused development plans to enhance skillsets of employees and future leaders5. Competitive intelligencea) Leverages team to analyze the competitive landscape to inform product decisions, rate, and underwriting guidelinesJob QualificationsBachelor's degree; 5+ years of related experienceExcellent written and oral communication skills with ability to effectively communicate specialized terms and dataKnowledge of product, price, risk management and insurance regulation knowledge, with working knowledge of lines, rate plans and product offeringsWorking knowledge of current industry standards/environmentGood collaboration and relationship skillsAbility to plan, implement, manage, and/or sponsor projects of medium/high complexity and/or medium/large scale key initiatives using accepted project management standards The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.Good Work. Good Life. Good Hands(R). As a Fortune 100 company and industry leader, we provide a competitive salary - but that's just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you'll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.