Senior Product Development Analyst (P&C Insurance)

PURE Insurance • Chicago, IL

65d • $70,000 - $85,000 • Hybrid

About The Position

The Senior Product Development Analyst will support key initiatives that contribute to strategic product innovation, development, and management for a product or group of products and will be based out of our Chicago, IL office. This important role will focus on creating, enhancing and maintaining a product or set of product features that meets evolving members’ needs, expands profitable growth and ensures continued market relevance. Type: Full-Time; Hybrid: In-Office 3 days/Remote 2 days.

Requirements

• 3+ years of relevant P&C insurance experience, preferably in the high-net-worth insurance
• Bachelor’s degree required, preferably in an analytical field of study including but not limited to Economics, Finance, Actuarial Science, Math, Statistics, Risk Management
• Emerging knowledge of the P&C industry, competitors, insurance product pricing, financial drivers of profitability; comprehensive understanding of legislative and insurance regulations
• Strong critical and analytical thinking, quantitative and problem-solving skills with the ability to make data-based decisions
• Experience using software to organize and analyze data to support decision-making
• High degree of personal organization, time management skills, and attention to detail
• Well-developed oral and written communication skills; comfortable speaking in front of large and small groups
• Strong relationship building, collaboration, and influencing skills
• Demonstrated level of curiosity and a growth mindset
• Highest level of integrity and honesty

Responsibilities

• Contribute to the product development for all assigned products
• Execute the detailed design and implementation of straightforward product features associated with new or enhanced products
• Assist in 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
• Begin to 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
• Support the collaboration with the Actuarial Pricing, Data & Analytics, and State Product Management departments in the development of different models using internal and external data to inform product pricing and risk selection decisions
• Support with some guidance the design build and delivery with Technology, including drafting system requirements and completing user acceptance testing to ensure new and revised product builds, features and tools are delivered as designed with high level of quality
• Understand the importance of and consider in the product design both the member and broker experiences across any touchpoint
• Assist in the training and education of newer analysts

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level