Senior State Manager

Job Summary:

Bamboo Insurance is seeking a Senior State Manager to own the performance and profitable growth of Homeowners programs in Colorado and other expansion states. This role carries state-level P&L accountability and works across distribution, analytics, pricing, underwriting, product, regulatory, operations, technology, carrier partners, and reinsurance to build and scale profitable state books.

The ideal candidate is a highly analytical, entrepreneurial property insurance leader with deep Homeowners expertise, strong catastrophe and portfolio management judgment, and a track record of launching or materially improving state programs. They move fast, use data to make decisions, execute through ambiguity, and bring creative ideas to difficult markets.

Duties/Responsibilities:

• Own the P&L and state plan for assigned expansion states, including profitable premium growth, rate adequacy, loss ratio, mix, retention, conversion, and corrective actions.
• Build state programs from the ground up: assess markets and competitors, influence distribution and agency strategy, and define launch/ramp plans.
• Manage catastrophe and portfolio risk across wildfire, hurricane, and convective-storm perils, using PML, AAL, aggregation, PML-to-premium, and peril mix to guide appetite and growth.
• Partner with actuarial, underwriting, product, claims, operations, technology, compliance, and carrier/reinsurance partners to translate insights into rates, rules, forms, endorsements, eligibility, and underwriting actions.
• Lead regulatory execution for rate, rule, and form filings, including DOI responses and filing support
• Monitor performance against plan, diagnose emerging trends quickly, and drive practical actions to improve profitability, growth, and operational execution.
• Serve as the internal state owner, communicating results, risks, recommendations, and tradeoffs clearly to leadership and cross-functional stakeholders.

Required Skills/Abilities:

• Deep analytical horsepower and P&L judgment, with command of rate adequacy, attritional loss ratio, frequency/severity, retention/conversion, PML, AAL, aggregation, and reinsurance constraints.
• Proven ability to manage catastrophe-exposed Homeowners books, especially wildfire, hurricane and convective-storm.
• Strong fluency in Homeowners forms, coverage provisions, endorsements, underwriting guidelines, rating mechanics, and how they affect profitability and customer/agent outcomes.
• Fast, detail-oriented executor with grit, high ownership, and the ability to move multiple workstreams without waiting for perfect information.
• Innovative and resourceful. Brings fresh ideas and is willing to get hands dirty to make a state successful.
• Strong regulatory judgment and comfort supporting DOI engagement, SERFF filings, and objections.
• Clear communicator who can align product, actuarial, underwriting, sales, compliance, operations, technology, carrier partners, and leadership around a state plan.

Required Education and Experience:

• Bachelor's degree in a quantitative or business field (e.g., Mathematics, Finance, Engineering, Statistics, Data Science, or similar).
• 8+ years in property & casualty insurance, with significant Homeowners/residential property experience and direct state, portfolio, or P&L management responsibility.
• Colorado and/or other hurricane & SCS-exposed Homeowners market experience.
• Track record launching, growing, or materially improving a state or property program and managing it to a profitable result.
• Ability to independently analyze book performance SQL, Python, and/or BI tools.
• Strong strategic judgment paired with a hands-on, startup-style operating approach.

Preferred Requirements:

• Experience with E&S programs and MGA/carrier partner models
• MBA or quantitative graduate degree

Physical Requirements:

• Prolonged periods of sitting at a desk and working on a computer.