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. **Salary:** - Starting at $160,000 annually. Candidat…