Compensation Overview

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

Location: This position is a hybrid role, on-site3 days per week at one of the following office locations: Chevy Chase MD, Lakeland FL, Cleveland OH

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Annual Salary

$64,000.00 - $185,000.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

Benefits:

As an Associate, you’ll enjoy our Total Rewards Program* to help secure your financial future and preserve your health and well-being, including:

• Premier Medical, Dental and Vision Insurance with no waiting period**
• Paid Vacation, Sick and Parental Leave
• 401(k) Plan
• Tuition Reimbursement
• Paid Training and Licensures

*Benefits may be different by location.  Benefit eligibility requirements vary and may include length of service.

**Coverage begins on the date of hire. Must enroll in New Hire Benefits within 30 days of the date of hire for coverage to take effect.

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.