Associate Product Manager

Reposted 21 Days Ago
2 Locations
In-Office or Remote
90K-110K Annually
Senior level
Insurance • Financial Services
The Role
As an Associate Product Manager, you will develop state-specific strategies for high-net-worth insurance products, analyze performance metrics, and collaborate cross-functionally to support product lifecycle and compliance projects.
Summary Generated by Built In

About the role.

We are seeking an analytical, collaborative, and motivated Associate Product Manager to join our State Management team within the Product Management organization. This role supports the development, implementation, and performance oversight of state-specific strategies for our High-Net-Worth personal insurance products. The ideal candidate has a foundational understanding of personal lines insurance, thrives in a cross-functional environment, and is eager to grow their career in product management.

The role is open to remote candidates, but the ideal candidate is located in Chicago, IL and able to commute to our office 3 days per week.

What you’ll do.

  • Support State Strategy: Assist in the development and execution of state-specific product strategies to achieve profitable growth and market competitiveness.
  • Performance Monitoring: Analyze, report, and communicate on key performance indicators (KPIs) such as premium growth, loss ratios, indications, retention, and new business conversion for assigned states.
  • Rate Plan Execution: Execute on annual rate plan recommendations, including analysis of existing book of business, documentation and filing support
  • Cross-Functional Collaboration: Work closely with Underwriting, Claims, Actuarial, Legal, and Marketing teams to execute state-level initiatives and support the full product lifecycle
  • Regulatory Support: Contribute to the preparation of required compliance projects including gathering data, preparing state filings, and working in partnership with Regulatory/Compliance, Underwriting, and Actuarial teams to ensure compliance with state-specific guidelines.
  • Competitive Intelligence: Conduct market and competitor research to support rate, rule, and form enhancements.
  • Voice of the Market: Gather field input from Distribution, Sales, and Customer Experience teams to identify trends and opportunities
  • Project Coordination: Help manage initiatives tied to product launches, enhancements, or operational improvements across assigned states.
  • Mentor & Training: Participate in education, training, and serving as advisor for members within Product Team

What we’re looking for.

  • 5+ years of experience in insurance product management, actuarial science, or related analytical roles preferred.
  • Bachelor’s Degree in an analytical field of study such as Economics, Finance, Math, Statistics, or Actuarial Science.
  • Excellent analytical, quantitative, and problem-solving skills, with strong attention to detail
  • Ability to extract, analyze, organize, visualize, and communicate data to support proposals & decisions
  • Excellent verbal and written communication skills, with the ability to contribute to business case development and executive presentations.
  • Strong analytical and problem-solving skills; proficiency in Excel and Microsoft Office tools
  • Deep knowledge of the P&C industry, competitors, insurance product pricing, financial drivers of profitability; comprehensive understanding of legislative and Department of Insurance regulations
  • Interest in high net worth clientele and customized insurance solutions.
  • Demonstrated ability to manage multiple priorities and meet deadlines in a fast-paced environment.
  • A collaborative mindset and curiosity to learn about product strategy and state-specific nuances.

The base salary for this role can range from $90,000 to $110,000 based on a full-time work schedule. An individual’s ultimate compensation will vary depending on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience.

Want to Learn More?

  • [Our Values]
  • [Our Benefits]  
  • [Our Community Impact]
  • [Our Leadership]

Top Skills

Excel
MS Office
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The Company
Chicago, IL
1,098 Employees

What We Do

PURE is a specialty property and casualty insurer dedicated to helping a membership of responsible people protect high value homes, jewelry, artwork and other fine assets.

We opened for business more than 15 years ago with the goal of offering something different in the insurance space: a company focused on promoting transparency, alignment of interests and doing what’s right. Our focus helps to keep premiums fair and service astonishingly good.

After growing at least 15% year over year since inception, we are the most awarded insurer in our category, offering coverage in all 50 states. Today, our membership is made up of more than 100,000 financially successful individuals and families and continues to grow sustainably.

#LoveYourInsurance #JoinTheClub

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