Associate Product Manager
About The Position
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.
Requirements
- 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.
Responsibilities
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
