Product Manager, Product Line

At Farmers Insurance, we are dedicated to providing our customers with the best products and services to meet their insurance needs. As a Product Manager for our Product Line, you will play a critical role in ensuring that our portfolio of insurance products continues to evolve and meet the changing needs of our customers. We are seeking a highly motivated and experienced professional who can drive product strategy, development, and execution to help us achieve our business objectives. If you have a passion for innovation, a keen understanding of the insurance industry, and a proven track record of success in product management, we want you to join our team!

1. Develop and implement product strategy: The Product Manager will be responsible for creating and executing a comprehensive product strategy that aligns with the company's overall business objectives.
2. Conduct market research: The Product Manager will continuously monitor and analyze market trends, customer needs, and competitor offerings to identify opportunities for new product development and enhancements to existing products.
3. Collaborate with cross-functional teams: The Product Manager will work closely with various teams, including marketing, sales, underwriting, and claims, to ensure a cohesive approach to product development and launch.
4. Manage product lifecycle: The Product Manager will oversee the entire product lifecycle, from ideation to retirement, and make data-driven decisions to optimize product performance and profitability.
5. Drive product innovation: The Product Manager will be responsible for identifying and implementing innovative product solutions to meet the evolving needs of our customers and differentiate our offerings in the market.
6. Define product requirements: The Product Manager will collaborate with internal and external stakeholders to define product requirements and ensure that products are developed and launched according to specifications, on time and within budget.
7. Monitor product performance: The Product Manager will closely monitor product performance and make data-driven recommendations for improvements, including pricing adjustments, feature enhancements, or discontinuation, to meet financial targets.
8. Develop marketing and training materials: The Product Manager will work with the marketing team to develop effective product marketing and training materials to support the sales team and educate customers on the benefits of our products.
9. Stay informed on industry trends: The Product Manager will stay updated on industry trends, regulatory changes, and emerging technologies to ensure our products remain competitive and compliant.
10. Foster relationships with key stakeholders: The Product Manager will cultivate relationships with key stakeholders, including agents, customers, and industry experts, to gather feedback and insights to inform product decisions and drive continuous improvement.

According to JobzMall, the average salary range for a Product Manager, Product Line in Los Angeles, CA, USA is between $86,000 and $145,000 per year. However, this can vary depending on factors such as the industry, company size, and level of experience. Some Product Managers in Los Angeles may earn significantly higher or lower salaries.

Farmers Insurance Group is an American insurer group of automobiles, homes and small businesses and also provides other insurance and financial services products. Farmers Insurance has more than 48,000 exclusive and independent agents and approximately 21,000 employees.