Product Development Senior Manager (P&C Insurance)

About the role.

The Product Development Senior Manager role will lead key initiatives that contribute to strategic product innovation, development, and management for a product or group of products. This important role will focus on creating, enhancing and maintaining a product or set of product features that meets evolving member needs, expands profitable growth and ensures continued market relevance.

This role is on a hybrid basis with the expectation to be in the Chicago office 2-3x per week.

What you'll do.

• Lead the product development for all assigned products including, but not limited to:
  • Ideation, detailed design and implementation of new or enhanced products with moderately complex product features
  • Support the identification, exploration, and nurturing of new and existing strategic partnerships to offer a more robust suite of products
  • Conduct internal and external research to identify emerging trends, member needs and review competitor offerings to inform product innovation
  • Actively participate in cross-functional collaboration with Underwriting, Claims, Marketing, Sales and all other stakeholders to successfully and efficiently design and develop enhancements to the product suite
  • Partner closely with Technology to define detailed system requirements and collaborate continuously throughout the build to ensure new and revised product builds, features and tools are delivered as designed with high level of quality
  • Consider the comprehensive member and broker experiences for any touchpoint in the design of a given product
  • Collaborate with the Actuarial Pricing and Data & Analytics departments to develop different models using internal and external data to inform product pricing and risk selection decisions
  • Identify and explore external data sources that could provide value to our products
  • Mentor and be a thought partner for other managers and analysts across our Product teams

What we’re looking for.

• 7+ years with progressively more responsible work experience in insurance product management, preferably in personal lines. High Net Worth Personal Line Insurance experience preferred, but not required.
• Deep understanding of the insurance product development lifecycle with a focus on product, underwriting and distribution and how each impacts the other.
• Advanced critical and analytical thinking, quantitative and problem-solving skills with an ability to make data-based decisions.
• Strong relationship building, collaboration, and influencing skills.
• Flexibility and capacity to manage multiple demands in a self-directed manner. High degree of personal organization and time management skills.
• Consultative leadership style, which could include managing direct reports.
• Relevant work experience or Bachelor’s degree required, preferably in an analytical field of study including but not limited to Economics, Finance, Math, or Statistics.
• Highest level of integrity and honesty.

#LI-Hybrid

The base salary for this role can range from $120,000 to $135,000 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

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