Product Management and Development Leader

Employer
Allstate Insurance Company.
Location
Jacksonville, Florida
Salary
Not Specified
Posted
Oct 13, 2018
Closes
Dec 07, 2018
Ref
6336382#GIJtoGJS.2
Industry
Insurance
Category
Insurance

Where good people build rewarding careers.

Think that working in the insurance field cant be exciting, rewarding and challenging? Think again. Youll help us reinvent protection and retirement to improve customers lives. Well help you make an impact with our training and mentoring offerings. Here, youll have the opportunity to expand and apply your skills in ways you never thought possible. And youll 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.


Job Description

Allstate Dealer Services values both Agent and TPA relationships. Our dedication is to provide our Agents with products that are enhanced through our brand, training, support and streamlined services. Our clients depend on us to provide them with top-of-the-line Finance and Insurance (F&I) products that bring value to their consumers. We remain committed to providing quality products and services through auto dealerships, banks, and other retail facilities.

The Product Management team at ADS is responsible for the design, development and execution of new and existing F&I products, services or business models that drive growth, improve the customer experience, and deliver an acceptable return on investment.

The Leader functions as a Business Manager, coordinates the design, development and implementation of the ADS Product offerings; supporting all or part of the product portfolio in one or more of the channels. This position is a working manager and requires direct line management of Product Consultants, and Sr. Product Consultants. The Leader has direct responsibility for profitability of the product offering within the channel and the design of the ADS product portfolio. In addition, the role is responsible for identifying competitive product offerings that compete with the ADS portfolio and in turn design and implement enhancements to ADS offerings that provide the best value proposition for ADS customers.

Key Responsibilities also include:

  • Coordinate with ADS Sales Leadership and the AAC, Strategic or TPA partner representatives regarding the product and service offerings that provides an optimal value proposition to the customer and generates acceptable returns to ADS
  • Validate product offering concepts with customers and channel partners
  • Develop financial forecast including DWP, pre-tax operating income, NPV and RORC for product offerings/ opportunities
  • Develop and present product offering, financial forecast and strategic significance to Channel Price Product Review Group for ADS internal approval
  • Collaborate with Regulatory Compliance in the filing of policy language and rates with States Departments of Insurance for approval
  • Coordinate the implementation of new program operations, IT systems, and financial functions
  • Coordinate development and delivery of program training material for agents, TPAs, or strategic partners
  • Develop and coordinate marketing plan in conjunction with the sales team and roll out new / revised programs to customers
  • Perform specialized underwriting of large risk pools (i.e., dealer groups, TPAs and Strategic Partners) by product line
  • Coordinate loss development reviews with Risk Management and implement pricing action by product line as required to maintain acceptable profitability
  • Prioritizes, delegates, tracks and communicates progress of new and existing projects ranging in all sizes of scope and complexity using accepted project management standards
  • Introduce common processes as a set of standards for Product Consultants to follow, allowing them to manage multiple projects simultaneously in an efficient manner and to facilitate seamless product launches
  • Identify, develop and initiate innovations and solutions where precedents and procedures may not exist; work cross-functionally to solve problems and implement changes

Job Description

Allstate Dealer Services values both Agent and TPA relationships. Our dedication is to provide our Agents with products that are enhanced through our brand, training, support and streamlined services. Our clients depend on us to provide them with top-of-the-line Finance and Insurance (F&I) products that bring value to their consumers. We remain committed to providing quality products and services through auto dealerships, banks, and other retail facilities.

The Product Management team at ADS is responsible for the design, development and execution of new and existing F&I products, services or business models that drive growth, improve the customer experience, and deliver an acceptable return on investment.

The Leader functions as a Business Manager, coordinates the design, development and implementation of the ADS Product offerings; supporting all or part of the product portfolio in one or more of the channels. This position is a working manager and requires direct line management of Product Consultants, and Sr. Product Consultants. The Leader has direct responsibility for profitability of the product offering within the channel and the design of the ADS product portfolio. In addition, the role is responsible for identifying competitive product offerings that compete with the ADS portfolio and in turn design and implement enhancements to ADS offerings that provide the best value proposition for ADS customers.

Key Responsibilities also include:

  • Coordinate with ADS Sales Leadership and the AAC, Strategic or TPA partner representatives regarding the product and service offerings that provides an optimal value proposition to the customer and generates acceptable returns to ADS
  • Validate product offering concepts with customers and channel partners
  • Develop financial forecast including DWP, pre-tax operating income, NPV and RORC for product offerings/ opportunities
  • Develop and present product offering, financial forecast and strategic significance to Channel Price Product Review Group for ADS internal approval
  • Collaborate with Regulatory Compliance in the filing of policy language and rates with States Departments of Insurance for approval
  • Coordinate the implementation of new program operations, IT systems, and financial functions
  • Coordinate development and delivery of program training material for agents, TPAs, or strategic partners
  • Develop and coordinate marketing plan in conjunction with the sales team and roll out new / revised programs to customers
  • Perform specialized underwriting of large risk pools (i.e., dealer groups, TPAs and Strategic Partners) by product line
  • Coordinate loss development reviews with Risk Management and implement pricing action by product line as required to maintain acceptable profitability
  • Prioritizes, delegates, tracks and communicates progress of new and existing projects ranging in all sizes of scope and complexity using accepted project management standards
  • Introduce common processes as a set of standards for Product Consultants to follow, allowing them to manage multiple projects simultaneously in an efficient manner and to facilitate seamless product launches
  • Identify, develop and initiate innovations and solutions where precedents and procedures may not exist; work cross-functionally to solve problems and implement changes

Job Qualifications

  • A bachelors degree in Business is required and MBA is highly desired
  • Minimum of 7 years of experience in product development and management, preferably in F&I or insurance products/programs
  • 5-7 years minimum of management experience wiht the proven ability to influence and execute strategic processes
  • Record of progressively increasing responsibility with experience in supervising support staff or managing project teams
  • Understanding of the implications, risks and benefits of alternatives, drawing conclusions, developing mitigation strategies and making recommendations for appropriate courses of action
  • Ability to measure, analyze and communicate profitability by line of business and distribution channel
  • Ability to analyze and implement product strategies that will generate incremental revenue and profitability
  • Strong leadership, analytical, and project management skills
  • Proficiency in Microsoft Excel, Word, PowerPoint, and Outlook

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.

As a Fortune 100 company and industry leader, we provide a competitive salary but thats 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, youll 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.


Allstate generally does not sponsor individuals for employment-based visas for this position.

Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

For jobs in San Francisco, please click "here" for information regarding the San Francisco Fair Chance Ordinance.

For jobs in Los Angeles, please click "here" for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.

It is the policy of Allstate to employ the best qualified individuals available for all jobs without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity/gender expression, disability, and citizenship status as a veteran with a disability or veteran of the Vietnam Era.


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