Field Product Consultant
- Employer
- Allstate Insurance Company
- Location
- Farmington Hills, Michigan
- Salary
- Not Specified
- Closing date
- Mar 6, 2019
View more
- Category
- Product Manager
- Job Type
- Not Specified
- Career Level
- Not Specified
Job Details
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
Job Summary
The Allstate Corporation is the nation's largest publicly held personal lines insurer. A Fortune 100 company, it sells 13 major lines of insurance including auto, property, life, and commercial. Allstate also offers retirement and investment products and banking services. It is widely known through the "You're In Good Hands with Allstate " slogan and Mayhem advertisement campaign. Allstate was founded in 1931 and became a publicly traded company in 1993.
This position is with the Field Product Management Team in the North Central Region. The Field Product Management Office (FPMO) makes business decisions for a line of insurance or defined marketplace which appropriately considers 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 uses modern technical, analytical and communication skills to participate in designing, implementing and measuring projects that support business goals. Consultants will be exposed to the breadth of modern P&C insurance regulation, risk management and product implementations to develop a solid foundation in insurance solutions. Consultants are responsible for root cause analysis, development of strategies, execution and communication of these results using all available tools and resources. This is an agency facing position which requires effective participation in large and small group meetings for new product/rate launches, compliance and education. This position will be located in Farmington Hills, MI. Future mobility is a requirement.
Key Responsibilities
- Analyze line results at a company and segment level to establish realistic and effective Risk Management Policy.
- Assist with the design and execution of regional Risk Management Policy and process.
- Execution of complex projects using accepted project management standards that include effective requirement gathering skills and working well with others.
- Continuous improvement of existing Underwriting / Product Operations applications and processes.
- Translation of underwriting concepts into logical design documentation for communication and execution.
- Analyze and interpret business results, as well as demographic, economic, and competitor data to identify segments or markets with the highest potential for growth.
- Perform detailed analyses on profitability and causes of margin pressure
- Develop, communicate, and gain alignment on recommendations to positively impact profitability within a given state and line of business
- Collaborate and interface with other departments and field/territory contacts for the improvement of financial results.
- Monitor the results of implemented initiatives.
- Review new business trends to assess quality and effectiveness, as well as identify emerging issues.
Job Qualifications
Job Qualifications
- Bachelors degree from accredited college or university. Finance, economics, mathematics, insurance/risk management, business or related business curriculum preferred.
- Intermediate written and oral communication skills with ability to effective communicate specialized terms and data
- Critical thinking/analytical skills and ability to identify trends
- Demonstrated problem solving 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.
- Time management skills; the ability to manage multiple projects simultaneously
- Good collaboration and relationship building skills
- Professionalism and positive attitude are a must
Highly Desirable Skills
- Proven ability to pull and manipulate data with SQL
- Experience with Tableau
- Experience with R or Python and the use of decision-tree models is a plus.
- Proficient in Microsoft Access, Excel, PowerPoint and Word
- Knowledge of product, price, risk management and insurance regulation knowledge, with working knowledge of lines, rate plans and product offerings.
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.
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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.
Company
- Website
- https://www.allstate.com/
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