Product Development Specialist

Posted 23 Days Ago
Be an Early Applicant
Pleasant Grove, UT
In-Office
85K-100K Annually
Mid level
Fintech • Insurance
The Role
The Product Development Specialist will create and launch innovative insurance products, collaborating with multiple teams and ensuring market compliance and performance improvement.
Summary Generated by Built In

At Veracity, we aim to be a different kind of insurance partner—one that is free from outside investors, venture capital, or the pressures of a corporate parent.  

Ours is a culture of empowerment – one that believes in effort, results, and accountability. We believe that transparency fosters trust, trust fosters growth, and that growth drives innovation. Our commitment to rigorous evaluation and relentless execution lead to rapid evolution. 

We answer only to the small business owners we serve, and this independence allows us to stay focused on what matters most: helping their businesses thrive by providing expert guidance and best-in-class insurance policies. 

We’re growing fast and want you to be a part of it! 

We’re looking for a talented, passionate Product Development Specialist to join our team. Under the direction of the Product Development Lead this remote role will be responsible for creating innovative and market-leading insurance products and driving their development from concept to launch. They must possess a strong understanding of product development processes, collaborate closely with cross-functional teams, and ensure that our products meet both customer needs and market demands. 

Key Responsibilities 

  • Conduct thorough market research to identify customer needs and market trends, providing insights to inform product development decisions 

  • Collaborate cross-functionally with Marketing, Product, Accounting, and Program teams to define product specifications 

  • Help manage project timelines, ensuring milestones are met throughout the development lifecycle 

  • Ensure compliance with relevant industry standards and regulations throughout the product development process 

  • Document development processes and maintain accurate records of product specifications and changes 

  • Help the Product Development Lead coordinate with the New Product Marketing team and other teams to develop launch strategies, including pricing, positioning, and promotional activities 

  • Monitor post-launch performance, gather customer feedback, and implement improvements based on market insights 

  • Stay updated on industry trends, emerging technologies, and advancements in product development methodologies to enhance product offerings 

  • Gather user data and assist with competitive analysis 

  • Executes task lists, quality assurance, and tracks deliverables 

  • Required to perform other duties as requested, directed, or assigned 

Requirements and Qualifications 

  • Bachelor’s degree in Marketing, Product Design, or related field required 

  • 2+ years’ experience in product development or product management related role 

  • Relevant certifications (PMP, NPDP, etc.) preferred 

  • Proficiency in product design software and tools 

  • Strong problem-solving and analytical skills, with attention to detail and a focus on delivering high-quality products 

  • Strong business acumen and market awareness, with the ability to translate customer needs into product requirements 

  • Familiarity with design thinking methodologies and user-centered design principles 

  • Excellent communication and collaboration skills to work effectively with cross-functional teams 

  • A creative mindset and a passion for innovation and continuous improvement 

Perks 

  • Health, dental, and vision plans 

  • Amazing work-life balance with 4 weeks of Paid Time Off 

  • 9 Paid Company Holidays with 2 floating holidays 

  • 401K Programs with employer match 

  • Personal assistant programs for support in a healthy personal and work life 

Why Veracity? 

 
Here at Veracity, you’ll be part of a team of trailblazers and visionaries. We’re not just revolutionizing the way people “do” insurance; we are creating a whole new paradigm. Here, you will experience a vibrant and inclusive workplace where your ideas matter! With us, you have a chance to: 

  • Engage in groundbreaking projects that are reshaping the insurance landscape 

  • Collaborate with a group of dedicated, like-minded professionals 

  • Experience a culture that prioritizes growth and development 

 
Compensation Range: $85k - $100k
 
We are proud to be an equal-opportunity employer. We are committed to providing equal opportunities to all qualified applicants, regardless of race, color, religion, sex, national origin, disability, or any other legally protected characteristics.  
 
If you need accommodation, please let us know during the interview process. 

Top Skills

Product Design Software
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The Company
HQ: Pleasant Grove, UT
84 Employees

What We Do

Veracity Insurance Solutions is an international insurance brokerage firm specializing in the placement of Programs, General Liability, and Product Liability Insurance. The company was established on the basic principle of integrity in insurance, and that principle continues to permeate our business today. Innovation and knowledge are the cornerstones of Veracity’s business practices, giving our customers a leg up in what can be a confusing and hassle-filled industry.

With in-house underwriting authority and access to several key wholesale brokerage markets, Veracity stands out with its ability to customize insurance policies for all business sizes. This ability doesn’t stop at the oceans – Veracity has access to both domestic and foreign markets, opening doors that lead to only the best coverage options. Veracity prides itself on providing the highest level of customer service to everyone they work with. In over 30 years of experience, we have never forgotten the importance of the human side of doing business in this fast-paced industry.

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