Product Development Manager

As a dedicated Product Development Manager you will part of a team developing new P&C product opportunities within USAA. As well as participate in vetting of new products ideas through a decision framework process.

Supports the end-to-end development of new products into target strategic markets. Provides support for product line initiatives related to product development, compliance, operational and process improvements, claims management, vendor management, product documentation, fulfillment, and/or system releases.

This position can work remotely in the continental U.S. with occasional business travel.

What you'll do:

• Participates in the development of digital first products supporting the needs and risks of USAA Members.

• Supports efforts to develop and launch new innovative product offerings as well as auxiliary/enhanced features/services for existing products.

• Advises others in the launch of new products and in the evaluation and decision to buy/build or partner.

• Generates creative product and coverage solutions for member needs to ensure a dynamic product development pipeline exists.

• Responsible for maintaining knowledge of business and underwriting performance for products in scope (e.g. trends, results, etc.).

• Analyzes internal and external data and member information to support formulation of product strategy and enhance competitive intelligence.

• Conducts analysis of key data to support on-going monitoring, maintenance and underwriting of existing “new in market” products based on product performance, member needs and driven changes in the market including but not limited to product rules, rates, and forms.

• Develops and communicates the new product value proposition for product enhancements/features.

• Guides Member Contact teams on how to effectively use sales guides and provides education on new products and services, including new offerings and improvements to existing features.

• Analyzes and evaluates new product performance metrics to recommend offering change, if necessary, prior to full launch.

• Coordinates with relevant control partners (to include Leal, Compliance, and Risk Management) to ensure product offerings are crafted and implemented in compliance with all applicable laws and regulations.

• Ensures risks associated with business activities are optimally identified, measured, supervised, and controlled in accordance with risk and compliance policies and procedures.

What you have:

• Bachelor's Degree in Business, Marketing, Supply Chain, Statistics, or related field; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.

• 6 years proven experience in Actuary, Underwriting, Marketing, Operations, Financial Services or relevant military experience.

• Experience conducting research, compiling and analyzing data, and identifying trends that have supported product decisions.

• Proven experience in developing, deploying and supporting product and/or coordinated suite of products.

• Knowledge and understanding of Product Development Life Cycle (PDLC).

What sets you apart:

• Experience in end-to-end development of new Property & Casualty products outside of auto and property

• Experience in state management, pricing, underwriting, consumer insight/research or claims

• Experience working with third party partners

• Additional experience in project management, business case development, or strategy development is a plus

• US military experience through military service or a military spouse/domestic partner

The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.

What we offer:

Compensation: USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market data of the position. The actual salary for this role may vary by location. The salary range for this position is: $99,160.00 - $189,530.00.

Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors.

Benefits: At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.

For more details on our outstanding benefits, please visit our benefits page on USAAjobs.com.