What are the responsibilities and job description for the Product Strategy Director position at USAA?
Purpose of Job
We are looking for a Product Strategy Director for our San Antonio office. This position is accountable for developing new product, overseeing and managing the launch and maturation of new products into target strategic markets. Acting as a cross functional expert, this position provides expertise and 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.Job Requirements
About USAA
USAA knows what it means to serve. We facilitate the financial security of millions of U.S. military members and their families. This singular mission requires a dedication to innovative thinking at every level.
In each of the past five years, we've been a top-40 Fortune 100 Best Companies to Work For®, and we've ranked among Victory Media's Top 10 Military Friendly® Employers 13 years straight. We embrace a robust veteran workforce and encourage veterans and veteran spouses to apply.
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Tasks:
- Responsible for development of a digital first products supporting the needs and risks of USAA Members
- Develops and launches new innovative product offerings as well as auxiliary/enhanced features/services for existing products
- Generates creative product and coverage solutions for customer needs to ensure a dynamic product development pipeline exists
- Responsible for maintaining thorough level of knowledge of business and underwriting performance for products in scope (e.g. trends, results, etc.)
- Responsible for on-going 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.
- Leverages cross functional resources to gather data and member information to support formulation of product strategy and acquire competitive intelligence
- Develops and communicates the product value proposition
- Ensures sales support is delivered to all distribution channels (e.g., .com, mobile, contact center) so that the product is properly positioned to customers
- Analyzes and evaluates product and underwriting performance metrics to form recommendations regarding market opportunities and product enhancements
Minimum Education:
- Bachelor's Degree in Business, Marketing, Supply Chain, Statistics, or related discipline 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
Minimum Experience:
- 8 or more years relevant industry experience in Operations or Actuary, Underwriting, Marketing, OR 4 or more years relevant industry experience in Operations, Actuary, Underwriting, Marketing, plus 4 or more years of direct product management experience
*Qualifications may warrant placement in a different job level*
When you apply for this position, you will be required to answer some initial questions. This will take approximately 5 minutes. Once you begin the questions you will not be able to finish them at a later time and you will not able to change your responses.
Preferred
- Experience working through the Agile Product Development process managing multiple products simultaneously.
- Strong knowledge and application of the PDLC (Product Development Life Cycle)
- Experience with Human Centered Product Design/Development
- Master degree
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.
At USAA our employees enjoy one of the best benefits package in the business, including a flexible business casual or casual dress environment, comprehensive medical, dental and vision plans, along with wellness and wealth building programs. Additionally, our career path planning and continuing education will assist you with your professional goals.
USAA also offers a variety of on-site services and conveniences to help you manage your work and personal life, including seven cafeterias, two company stores and three fitness centers.
Relocation assistance is available for this position.
For Internal Candidates:
Must complete 12 months in current position (from date of hire or date of placement), or must have manager’s approval prior to posting.
Last day for internal candidates to apply to the opening is 1/17/21 by 11:59 pm CST time.
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 position. The salary range for this position is: $106,800 - $192,300 *(this does not include geographic differential it may be applied based on your work location)
Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.
*Geographical Differential: Geographic pay differential is additional pay provided to eligible employees working in locations where market pay levels are above the national average.
Shift premium will be addressed on an individual-basis for applicable roles that are consistently scheduled for non-core hours.
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.
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