Field Product Management Consultant
- Career Level
- Not Specified
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The Field Product Management Office (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 Field Product Management Consultant II is responsible for contributing to the attainment of profit and growth targets for an assigned state/market or line(s) of business. They coordinate and manage strategies and initiatives using product, pricing, and risk management skills to that support business goals.
Plans, implements, manages, and/or participates on projects using accepted project management standards
Forecasts short-term and long-term deliverables with minimal direction
Tracks own plan performance and project timeline
Communicates and presents project status
Ensures project controls are in place throughout the lifecycle of the project within own tasks
Provides feedback on project team member(s)
Actively builds strong relationships among teams and team members to ensure cooperation on project objectives
Supports goals and objectives through product implementation and integrates action plans with key stakeholders
Supports the development and design of new plans, programs, processes, and products
Assists in the development of communication strategies and materials to support new plans, programs, processes, products
Solicits inputs from stakeholders
Participates in the evaluation of procedures and processes regularly and makes observations or suggests improvements
May be required to monitor processes throughout team/department
Understands internal and external compliance requirements/standards and makes adjustments to strategies as necessary
Completes complex analysis of the marketplace, competitive position and business results to support the development of strategies and plans
With minimal direction and support, completes analysis of the marketplace, competitive position and business results to support the development of the local Market Operating Committee (MOC)/Line strategies and plans to ensure business objectives are being achieved
Participates in the integration and delivery of planned changes/projects/products in the region/field and with agents
Understands standard market specific implications of business strategies
Assures proper execution of regulatory/legislative practices for Product Management
With minimal direction and support, provides analysis to support the effective execution of distribution strategies. May include quote/close ratio analysis, agency deployment measures, and agency level analysis
Conduct Research and Analysis in order to meet business objectives
Understands and uses appropriate data sources and applications to conduct research
Identifies and resolves basic data issues
Reviews and assesses research/analysis from other sources to determine applicability in helping to meet business objectives
Performs and evaluates basic trend analysis (e.g., competitor analysis, risk management, financial)
- Bachelor's degree; 2-4 years of related experience
- Intermediate written and oral communication skills with ability to effectively communicate specialized terms and data
- Intermediate knowledge of product, price, risk management and insurance regulation knowledge, with working knowledge of lines, rate plans and product offerings
- Working knowledge of current industry standards/environment
- Good collaboration and relationship skills
- Ability to plan, implement, manage, and/or sponsor projects of small to medium complexity and/or small to medium 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®.
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.
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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.
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