Product Development Manager

Why USAA?

Let’s do something that really matters.
At USAA, we have an important mission: facilitating the financial security of millions of U.S. military members and their families. Not all of our employees served in our nation’s military, but we all share in the mission to give back to those who did. We’re working as one to build a great experience and make a real impact for our members.
We believe in our core values of honesty, integrity, loyalty and service. They’re what guides everything we do – from how we treat our members to how we treat each other. Come be a part of what makes us so special!

The Opportunity

The Opportunity

As a dedicated Product Development Manager you will you will join our New Business Ventures and Innovation team, working in a fast-paced startup environment, building and testing new products and capabilities, and helping chart the course for the future of USAA’s Property and Casualty business.

Supports the 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 competitive 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 enhancements 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 designed and implemented in compliance with all applicable laws and regulations.

• Ensures risks associated with business activities are effectively identified, measured, monitored, 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 discipline; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.

• 6 years relevant 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.

• Demonstrated experience in developing, deploying and supporting product and/or integrated suite of products.

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

What sets you apart:

• 1-2 years P&C product management experience

• 1-2 years P&C actuary experience

• Familiarity working with new data sources

• 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- $189,530

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.

Applications for this position are accepted on an ongoing basis, this posting will remain open until the position is filled. Thus, interested candidates are encouraged to apply the same day they view this posting.

USAA is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.