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Associate Manager, Insurance Product Management
Beam Dental
Product
Columbus, OH, USA · Remote
Posted on Sep 25, 2024
About Beam:
Beam was founded in 2012 by three engineers who saw the opportunity to modernize the dental benefits industry using technology. The first product was the Beam Brush, which was one of the earliest examples of the Internet of Things in healthcare. Today, Beam Benefits is available in 40+ states and has expanded beyond dental.
Beam is now simplifying and modernizing a robust suite of ancillary employee benefits through an intuitive digital platform, self-service tools, AI-powered pricing, and support from Beam’s helpful representatives. This winning combination allows us to deliver a simple, smart, and wellness-focused experience for brokers, employers, and members.
Joining Beam Benefits Means:
Joining Beam Benefits means working in a complex and dynamic business that operates simultaneously across insurance, employee benefits, and technology. You’ll be supported and encouraged to improve every day while collaborating with a diversely skilled team.
Our energizing, committed, and fun work environment empowers you to take ownership of your subject matter and work. You’ll also join us in our mission to forever change the way people access benefits, all while embodying high character, emotional intelligence, and exceptional talent.
What You Will Bring:
You are an experienced insurance product professional in the employee benefits vertical with subject matter expertise in either dental and vision insurance or life, disability, and supplemental health insurance. You have demonstrated the ability to analyze product-market fit of insurance products in bespoke markets and have a solid understanding of how to affect the features of the product to achieve sales velocity. You are a self-starter who thrives in leading cross-functional teams and taking ownership of complex product initiatives from ideation to execution.
You have experience working cross-functionally to lead individual work streams alongside various stakeholders (technical product teams, actuarial, legal/compliance, operational teams, sales, and marketing teams).
You have exposure to insurance contracts and pricing levers with the ability to build the right product features for a given market segment. You have demonstrated the ability to leverage data and market analysis to optimize product features and improve sales performance, ensuring strong product-market fit. You are up to date on industry trends, competitive intelligence, and build successful strategies based on this knowledge. You are adept at pivoting strategies based on market evolution and customer needs, ensuring product innovation aligns with industry trends and competitive dynamics. You possess deep knowledge of regulatory requirements and legal frameworks governing insurance products, ensuring all product developments comply with state and federal laws.
What You Will Do:
- Analyze product-market-fit for assigned markets, segments, and products and help build features that enable profitable growth goals
- Own and drive the full product lifecycle, from initial concept through launch and continuous improvement, ensuring alignment with market demands and organizational goals
- Responsible for owning specific work streams during new product launches in coordination with Product and Engineering, Actuarial, Legal & Compliance, Operations, and Revenue
- Contribute new, innovative ideas to the insurance product roadmap to meet quarterly and annual outcomes with consideration of the 3-5 year outcomes
- Analyze insurance contract and market trends to inform long term strategies for market access, market expansion, and profitability
- Consult on the insurance structure of specific products including administration, insurance paper, and reinsurance
- Collaborate closely with cross-functional teams to translate market insights into actionable product features, ensuring that legal, actuarial, and operational considerations are integrated into the product strategy
- Act as a consultant to internal teams on insurance matters to provide subject matter expertise and inform on strategies
- Incorporate customer insights and feedback into product development, ensuring that solutions are tailored to meet market needs and drive customer satisfaction
What Skills Will Help You Be Successful:
- A college degree or equivalent experience in insurance products at employee benefits businesses
- 3-5 years experience working with employee benefits products and insurance
- Exposure to the development of new insurance products, including contract optimization, regulatory filings, pricing and underwriting strategy, and administrative set up
- Experience partnering with multiple stakeholders across organizations including product and engineering, actuarial, legal and compliance, operations, and revenue
- Experience working in a customer-centric, product-focussed organization
- Strong problem-solving skills and an agile mindset, enabling you to respond effectively to emerging challenges and opportunities
- Strong critical thinking and communication skills
Compensation and Benefits:
Beam offers a competitive base salary paired with an attractive variable compensation structure.
Employees benefit from performance-based bonuses and incentives, along with a comprehensive benefits package that includes health, dental, and vision insurance. Additionally, Beam provides a 401(k) plan with company matching, flexible time off, and the opportunity to participate in the equity program.