Full-Time
Associate Manager
Insurance Product Management
Confirmed live in the last 24 hours
Beam
11-50 employees
Platform for managing emergency financial aid
Compensation Overview
$77.4k - $123.8kAnnually
Mid
Columbus, OH, USA
Remote option available, but Columbus, OH is a primary location.
- You are an experienced insurance product professional in the employee benefits vertical with subject matter expertise in either dental and vision insurance or life, disability, and supplemental health insurance.
- You have demonstrated the ability to analyze product-market fit of insurance products in bespoke markets and have a solid understanding of how to affect the features of the product to achieve sales velocity.
- You are a self-starter who thrives in leading cross-functional teams and taking ownership of complex product initiatives from ideation to execution.
- You have experience working cross-functionally to lead individual work streams alongside various stakeholders (technical product teams, actuarial, legal/compliance, operational teams, sales, and marketing teams).
- You have exposure to insurance contracts and pricing levers with the ability to build the right product features for a given market segment.
- You have demonstrated the ability to leverage data and market analysis to optimize product features and improve sales performance, ensuring strong product-market fit.
- You are up to date on industry trends, competitive intelligence, and build successful strategies based on this knowledge.
- You are adept at pivoting strategies based on market evolution and customer needs, ensuring product innovation aligns with industry trends and competitive dynamics.
- You possess deep knowledge of regulatory requirements and legal frameworks governing insurance products, ensuring all product developments comply with state and federal laws.
- A college degree or equivalent experience in insurance products at employee benefits businesses.
- 3-5 years experience working with employee benefits products and insurance.
- Exposure to the development of new insurance products, including contract optimization, regulatory filings, pricing and underwriting strategy, and administrative set up.
- Experience partnering with multiple stakeholders across organizations including product and engineering, actuarial, legal and compliance, operations, and revenue.
- Experience working in a customer-centric, product-focussed organization.
- Strong problem-solving skills and an agile mindset, enabling you to respond effectively to emerging challenges and opportunities.
- Strong critical thinking and communication skills.
- Analyze product-market-fit for assigned markets, segments, and products and help build features that enable profitable growth goals.
- Own and drive the full product lifecycle, from initial concept through launch and continuous improvement, ensuring alignment with market demands and organizational goals.
- Responsible for owning specific work streams during new product launches in coordination with Product and Engineering, Actuarial, Legal & Compliance, Operations, and Revenue.
- Contribute new, innovative ideas to the insurance product roadmap to meet quarterly and annual outcomes with consideration of the 3-5 year outcomes.
- Analyze insurance contract and market trends to inform long term strategies for market access, market expansion, and profitability.
- Consult on the insurance structure of specific products including administration, insurance paper, and reinsurance.
- Collaborate closely with cross-functional teams to translate market insights into actionable product features, ensuring that legal, actuarial, and operational considerations are integrated into the product strategy.
- Act as a consultant to internal teams on insurance matters to provide subject matter expertise and inform on strategies.
- Incorporate customer insights and feedback into product development, ensuring that solutions are tailored to meet market needs and drive customer satisfaction.
Beam provides a platform that helps educational institutions manage emergency aid programs for students facing financial difficulties. The platform simplifies the process of distributing emergency funds by handling application intake, assessing student needs, and ensuring quick disbursement of funds, often within 48 hours. This system is designed to comply with federal regulations, making it easier for schools to support their students effectively. Beam differentiates itself from competitors by focusing specifically on the needs of community colleges and universities, offering detailed reporting features that help institutions maintain compliance with Department of Education requirements. The goal of Beam is to ensure that students in need receive timely financial assistance, thereby improving student retention and success in their educational pursuits.
Company Stage
Series A
Total Funding
$22M
Headquarters
null, New York
Founded
2012
6 month growth
↑ 2%1 year growth
↑ 9%2 year growth
↓ -12%
Simplify's Take
What believers are saying
- Beam Benefits' recent $40 million funding round and increased valuation indicate strong financial health and growth potential.
- The launch of six new benefits products in the past 18 months demonstrates Beam's commitment to innovation and market responsiveness.
- High user satisfaction, as evidenced by a 4.7/5 rating on the Apple App Store, reflects a positive user experience and strong customer loyalty.
What critics are saying
- Recent workforce reductions, despite significant funding, may indicate underlying financial or operational challenges.
- The competitive landscape of the employee benefits market requires continuous innovation to maintain differentiation and market share.
What makes Beam unique
- Beam Benefits' digital-first approach simplifies the employee benefits process, offering instant quoting and 24/7 online access, which sets it apart from traditional benefits providers.
- The integration of wellness rewards through the smart Beam Brush adds a unique engagement layer that competitors lack.
- Their strategic partnerships, such as with The Hartford, enhance their product offerings and market reach.
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Benefits
Medical, dental, vision, disability, & life insurance
401k options
Unlimited PTO
Remote work
Flexible hours
Parental leave
Desk stipend
Continuous learning stipend
Company social events