Product Owner III

Remote from: USA
Annual salary: Undisclosed
Salary information is not provided for this position. Check our Salary Directory to estimate the average compensation for similar roles.
Department: Product & Operations
Employment type: Full Time,
Job posted: 8 Jul 2026
Apply before: 8 Aug 2026
Experience level: Senior
Views / Applies: 34 / 0

About company

About Liberty Mutual

At Liberty Mutual, we want to help you embrace today and confidently pursue tomorrow

Insurance
1912

Actively Hiring

AI Summary

This role leads a cross-functional Agile product team to enhance the digital insurance buying experience. The Product Owner III will define product vision, manage backlog, and align stakeholders with strategic priorities. Key responsibilities include setting KPIs, analyzing data, and removing roadblocks. The ideal candidate has deep knowledge of personal lines insurance and a strong product mindset. This position requires two in-office days per week in select locations.

Role DNA

Job Complexity

Easy Hard

Pace & Pressure

Relaxed Fast-paced

Autonomy Level

Guided Full Ownership

Communication Load

Independent Highly Collaborative

AI Insight The role demands advanced strategic thinking, stakeholder management, and analytical skills, typical for senior product ownership. Complexity is high due to cross-functional leadership and product scope.

Salary Analysis

AI Insight The salary for this role is estimated based on market data for a Product Owner III. The median of $135,000 is competitive within the industry, reflecting the seniority and strategic nature of the position.

Core Skills Required

Product Management Agile Stakeholder Management Product Strategy Backlog Management Data Analysis Insurance Personal Lines User Stories Cross-functional Leadership

Cover Letter Sample

Dear Hiring Manager,

I am writing to express my strong interest in the Product Owner III position at your company. With over 5 years of experience in product management within the insurance industry, I have a proven track record of leading cross-functional teams to deliver customer-centric digital solutions. My expertise in Agile methodologies, data-driven decision-making, and stakeholder alignment aligns perfectly with the requirements of this role.

In my previous role, I successfully owned the product vision for a consumer-facing insurance platform, increasing conversion rates by 20% through iterative improvements. I am passionate about transforming the insurance buying experience and am excited about the opportunity to contribute to your portfolio.

Thank you for considering my application. I look forward to discussing how my skills can drive value for your team.

Sample Interview Questions

How do you prioritize features in a product backlog?

I use a combination of business value, customer impact, and cost of delay to prioritize. I work with stakeholders to weigh strategic goals and use frameworks like RICE or MoSCoW to ensure alignment with product vision.

Describe a time you had to manage conflicting stakeholder priorities.

In a previous role, two departments disagreed on feature priority. I facilitated a workshop to align on shared objectives, used data to show impact, and negotiated a phased approach that satisfied both.

How do you measure product success?

I define KPIs tied to business and customer outcomes—such as conversion rates, NPS, and feature adoption. I set up dashboards and review them regularly to iterate on the product strategy.

What is your experience with Agile ceremonies?

I actively participate in daily stand-ups, sprint planning, reviews, and retrospectives. I ensure the backlog is refined and that the team has clarity on priorities to deliver value each sprint.

Can you give an example of a product initiative you led that improved customer experience?

I led the redesign of an online quote flow, simplifying steps based on user behavior data. This reduced drop-offs by 30% and increased customer satisfaction scores.

Description

Are you passionate about transforming how customers shop for insurance online? Join our I Buy I Sell Consumers Portfolio as a Product Owner III and help shape the future of the digital insurance buying experience.

In this role, you’ll lead a cross-functional Agile product teams focused on creating intuitive, seamless, and engaging experiences that make purchasing insurance easier than ever. You’ll leverage customer insights, behavioral data, and experimentation to identify opportunities, reduce friction throughout the buying journey, and deliver measurable business value.

As a Product Owner, you’ll empower your teams to innovate, embrace thoughtful risk-taking, and solve meaningful customer problems using modern technology. If you’re energized by turning customer insights into impactful digital experiences, we’d love to hear from you.

Responsibilities

Accountable for collaboratively creating product vision and alignment with strategic priorities with stakeholders. Contributes to the development of the portfolio vision. Communicates the vision as a product strategy to their squad/team and other squads/teams outside their portfolio & functional area as well as executive leadership.
With the squad, accountable for developing and achieving product level KPIs. Manages product(s) with high degree of strategy, scope, and complexity.
Owns and maintains the product backlog and is accountable for its contents and prioritization. Accountable for clear, actionable user stories.
Sets priorities and actively participates in squad/team quarterly planning. Contributes to priorities for and actively participates in portfolio quarterly planning. Sets expectations with stakeholders for delivery of new capabilities, features, and functionalities.
Participates in squad/team demos, retrospectives, and all other ceremonies.
Works daily with the agile working group clarifying business requirements, removing roadblocks, constantly communicating, and supporting alignment around product strategy.
Leads IT and business leadership to align development and business goals and priorities while working with stakeholders and squad/team to remove roadblocks to execution.
Monitors and maintains the product health. Designs additional monitoring to support enhanced understanding of product health. Proactively monitors impact of their product on others in the ecosystem.
Analyzes and reports on feasibility, cost of delay ramifications, economies, or other aspects of planned or potential changes to the product.
Drives alignment with stakeholders to understand the impact that their products’ regulatory, compliance, and other industry constraints will have on other products in the portfolio. Negotiates with internal and external squads/teams to set aligned priorities among squads/teams both within and outside the portfolio.

Ideal candidate will have:

Product Mindset Experience: A strong focus on delivering outcomes by deeply understanding the customer needs and developing effective solutions.
Strong Communication Skills: Ability to depict complex ideas, issues and designs to varied audiences on the business vision and plan, and the impact of change. Ability to influence a diverse group of stakeholders through strong leadership skills.
Analytic Mindset: Responsible for analyzing data to identify opportunities, prioritize work, test hypotheses and drive business results.
Problem Solver: Ability to make quick and challenging decisions on a daily basis.
Personal Lines Product Knowledge: Strong understanding of Personal Lines insurance products to help increase consumer confidence that they have the right product and coverage when shopping online

This position requires two in-office days per week for candidates who reside within 50 miles of Columbus, OH; Seattle, WA; Boston, MA; Portsmouth, NH; Indianapolis, IN; or Plano, TX.

Qualifications

Advanced knowledge of Agile development methodologies as typically acquired through a Bachelors’ degree in relevant field (business, computer science, humanities etc.), 7 years in business, technology, or consulting with 5 to 7 years direct experience with agile teams
Master’s degree preferred
High level of proven business expertise needed to set clear priorities for product and understand business value impacts
Develops strong stakeholder relationships and influencing across multiple organizational boundaries
Demonstrated experience leading varied audiences through the development of complex ideas, issues and designs
Ability to lead varied audiences through census building
Proven experience with Agile practices and expectations
Comfortable with making decisions with some level of uncertainty
Strong communication skills, both written and verbal
Knowledge of insurance industry preferred
Knowledge of relevant products and portfolio strongly preferred
Strong experimental mindset to drive innovation amongst uncertainty and exploit market opportunities

About Us

Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://www.libertymutualgroup.com/about-lm/careers/benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran’s status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
Fair Chance Notices