Director of Product Development
Position Summary
The Director of Product Development provides strategic leadership for the development, implementation, and
management of the company’s Property and Casualty (P&C) insurance products. This role advances product
innovation, competitive positioning, and market responsiveness while ensuring compliance with regulatory
requirements and alignment with the company’s underwriting objectives.
ESSENTIAL FUNCTIONS
Reasonable Accommodations Statement
To accomplish this job successfully, an individual must be able to perform, with or without reasonable
accommodation, each essential function satisfactorily. Reasonable accommodations may be made to help enable
qualified individuals with disabilities to perform the essential functions.
. Essential Functions Statement(s)
- Develop and execute the company’s P&C product strategy.
- Identify market opportunities, emerging risks, industry trends, and evolving customer needs.
- Lead the product lifecycle from concept and launch through ongoing maintenance and enhancement.
- Direct and actively contribute to the development and maintenance of insurance products across all P&C lines
- of business.
- Establish priorities for the development of coverage forms, endorsements, and product enhancements.
- Collaborate with Actuarial on pricing strategies and product performance objectives.
- Oversee product testing, implementation, and post-launch evaluation.
- Monitor competitor offerings, market developments, and industry trends.
- Evaluate emerging exposures and evolving coverage needs.
- Present data-informed recommendations for product enhancements.
- Oversee product filings and regulatory approvals across all applicable jurisdictions.
- Ensure products comply with state insurance laws and regulatory requirements.
- Coordinate with Legal and Compliance regarding regulatory developments and required product changes.
- Cross-Functional Collaboration with key stakeholders, including Underwriting leadership, Actuarial, Distribution
- and Agency Management, Marketing, and Information Technology.
- Lead cross-functional product launches and implementation activities.
- Support sales and underwriting training programs.
- Miscellaneous tasks as directed.
POSITION QUALIFICATIONS
Competency Statement(s)
- Accountability – Ability to accept responsibility and account for his/her actions.
- Accuracy – Ability to perform work accurately and thoroughly.
- Change Management – Ability to encourage others to seek opportunities for different and innovative
approaches to addressing problems and opportunities.
- Communication – Ability to communicate effectively with others using the spoken word and writing in a clear
and concise manner.
- Decision Making – Ability to make critical decisions while following company Procedures.
- Detail Oriented – Ability to pay attention to the minute details of a project or task.
- Ethical – Ability to demonstrate conduct conforming to a set of values and accepted standards.
- Honesty / Integrity – Ability to be truthful and seen as credible in the workplace.
- Judgment – Ability to accept responsibility and account for his/her actions.
- Leadership – The ability to motivate and lead others.
- Organized – Possessing the trait of being organized or following a systematic method of performing a task.
- Time Management – Ability to complete work within given deadlines.
- Professionalism – Avoid business or personal activities that present a conflict of interest. Display conduct
favorable to oneself, the department, and the company.
SKILLS & EXPERIENCE
Education: Bachelor’s degree in business, risk management, or a related field is preferred.
Experience:
Required:
At least five years of leadership experience in product management or product development.
At least five years of Property and Casualty underwriting experience.
Strong knowledge of underwriting, pricing, and risk management principles.
Preferred:
Experience with multi-state product filings.
Experience leading product teams.
Experience with insurance technology platforms and digital transformation initiatives.
Computer Skills: Use of computer and web-based programs.
Other Requirements: Participation in insurance education courses such as AINS, AU, CPCU, and other related
courses are preferred and may be required.
.
| Department | Underwriting |
| Status | Full Time |
| Location | Pocatello Corporate Office |
| Company | Farm Bureau Insurance Company of Idaho |
| Rate of Pay | We offer competitive pay and an excellent benefits package. |
| Closing Date | — |
| Positions Available | 1 |
