Assistant Vice President of Product Management - Chicago, United States - Allstate

Allstate
Allstate
Verified Company
Chicago, United States

1 week ago

Mark Lane

Posted by:

Mark Lane

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Description
The world isn't standing still, and neither is Allstate. We're moving quickly, looking across our businesses and brands and taking bold steps to better serve customers' evolving needs. That's why now is an exciting time to join our team. You'll have opportunities to take risks, challenge the status quo and shape the future for the greater good.


You'll do all this in an environment of excellence and the highest ethical standards - a place where values such as integrity, inclusive diversity and accountability are paramount.

We empower every employee to lead, drive change and give back where they work and live. Our people are our greatest strength, and we work as one team in service of our customers and communities.


Everything we do at Allstate is driven by a shared purpose: to protect people from life's uncertainties so they can realize their hopes and dreams.

For more than 89 years we've thrived by staying a step ahead of whatever's coming next - to give customers peace of mind no matter what changes they face.

We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. We've been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection.


We are the Good Hands. We don't follow the trends. We set them.

Job Summary:


The Assistant Vice President of Product Management for self-funded mid-market group health products is responsible for supporting the development of mid-market self-funded and stop loss products, services or recommendations to support the overall financials and health of product(s) as well as contributing to the achievement of profit and growth targets for product(s).

This job is accountable for making recommendations to management, incorporating sales feedback and market intelligence to product direction, and coordinating activities for countrywide products and rollouts.

This position may manage product analysts or consultants in accomplishing this work.


Key Responsibilities:


  • Contribute to the achievement of short and longterm strategies to achieve market share growth and profitability targets for levelfunded programs and stop loss policies on a countrywide basis
  • Execute strategies to ensure the integration and execution of product, pricing and risk management for countrywide usage
  • Manage two or more Product Analysts and/or Consultants, including performance management, workforce planning and recruitment activities
  • Leverage expertise to provide recommendations to leaders on initiatives and strategic fit
  • Manage / perform complex work assignments and problem resolution across systems, processes or channels and navigate obstacles to deliver the work product
  • Design and support innovations in all aspects of the product development lifecycle
  • Support Product Management Leaders in the creation of communication plans, product development and recommendations to solve product or implementation issues
  • Determine or execute operational parameters to get new products/projects implemented
  • Responsible for seeking out resolutions to barriers
  • Work directly with stakeholders and cross functional AORs including marketing, sales and field product organization to align on strategies and execution methods
  • Understand and implement compliance requirements that impact the selffunded midmarket product line such as Mental Health Parity compliance and Mental Health Comparative Analysis
  • Work directly with third party vendors such as TPAs and point of service solutions to coordinate team evaluation of new offerings for the midmarket program
  • Oversee and own product relationships with third party partnerships such as TPAs and point of service solutions as assigned
  • Work closely with internal sales team to understand market needs and provide support in day to day requests
  • Ownership of component parts of stop loss products ensuring cohesive branding and developing and maintaining a carrier manual for stop loss programs
  • Collaborate with product team and internal partners to review and respond to state stop loss filings
  • Collaborate with small group selffunded Assistant Vice President to ensure cohesive program strategies and execution when applicable
  • Coordinate marketing and gotomarket initiatives identifying Allstate Benefits' value proposition and product differentiation; assist with drafting of marketing materials

Supervisory Responsibilities:


  • This job has supervisory duties

Education and Experience:


  • Bachelor's degree or equivalent experience
  • 7+ years relevant experience

Functional Skills:


  • Expertise in stoploss/excessloss insurance and selffunded health plans
  • Expertise in product, price, underwriting and insurance regulation knowledge, with working knowledge of Allstate Benefits' plans and product offerings
  • Advanced knowledge about
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