VP, Product Development

PURE Insurance • Chicago, IL

1d • Onsite

About The Position

The VP, Product Development role will be responsible for driving strategic product innovation, development, and management across the portfolio of property products offered to members. This critical leadership role will focus on creating and maintaining a dynamic product suite that meets evolving member needs, drives sustainable growth and ensures continued market relevance.

Requirements

• 15+ years of relevant experience in Property & Casualty insurance, including significant portfolio, product, or actuarial leadership responsibility, with demonstrated increased responsibilities over time.
• Proven ability to translate strategy into measurable performance outcomes
• Exceptional analytical capability and executive judgment
• Ability to influence and align senior leaders across functions
• Highest level of integrity and accountability
• Proven experience leading teams and important initiatives through a consultative leadership style and growth mindset
• Deep knowledge of the P&C insurance industry, competitors, insurance product pricing, financial drivers of profitability; comprehensive understanding of legislative and insurance regulation

Nice To Haves

• High net worth personal lines insurance experience preferred, but not required

Responsibilities

• Responsible for comprehensive product development for all assigned lines of business including, but not limited to: Ideation, prioritization, design and successful launch of new or enhanced products, leveraging deep and broad expertise of the insurance business and product knowledge to influence decisions and shape the long-term product vision across the organization
• Leads cross-functional teams in understanding the link between PURE’s vision and strategies and department initiatives through a product development lens to ensure progress towards company objectives.
• Consistent iteration of long-term product roadmaps for assigned lines of business, with an appropriate cadence of updates to pricing, contract, selection and all other product features
• Identification, exploration, negotiation, and nurturing of new and existing strategic partnerships to offer a more robust suite of products
• Steer internal and external research for emerging trends, member needs and competitor offerings to inform product innovation
• Lead the 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 effectively program and deliver new product builds, features and tools as designed with a high level of quality
• Create delightful and compelling member and broker experiences for any touchpoint with a given product, and cultivate a process to continuously improve this experience
• Identify, explore, and pursue external data sources that could provide value to our products
• Lead collaboration with the Actuarial Pricing, Data & Analytics, and State Product Management departments to develop different models using both internal and external data to support product pricing and risk selection decisions
• Lead a team within the Product Development organization, managing the diverse skillsets necessary for product development while fueling the individual growth and development of each team member
• Champions organizational transformation and talent development
• Act as a subject matter expert on committees/external panels/forums/rate hearings

Benefits

• Opportunities to stretch and grow: your professional and personal development matters to us. We’re committed to providing experiences through on-the-job learning and professional development that increase your impact and rewards.
• Clarity and kindness: you can rely on us to be open, honest and supportive, offering clarity on what success looks like.
• Support in good times and bad: we believe in showing up for each other consistently, not only when it’s easy. You can expect a thoughtful partner, even when we disagree.
• A community that cares: we are committed to sustaining a community in which each person feels cared for as an individual. We lift each other up, celebrate wins together and support one another through challenges in work and life.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: No Education Listed