Senior Product Development Analyst (P&C Insurance)

About the Role

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.

What You'll Do

• 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 You'll Need

• 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.

What We Do

We're a member-owned property and casualty insurer designed exclusively for financially successful families and driven by a purpose of doing what is right for our members. We provide exceptional service, hospitality and care, we partner with our members to help prevent losses and we create smart insurance solutions at fair prices.

We aim for our members to love their insurance. It is our mission is to create a membership experience so compelling that our members never want to leave.

Who You Are

All of the strongest relationships are a partnership- a two way street. So here's what we ask of you:

• Aim to bring your best every day: you're here because you want to be part of a team that makes a real impact and aims high.
• Be a student and a teacher: share your knowledge and talents and be willing to listen and learn from those around you.
• Get comfortable being uncomfortable: we face tough moments and obstacles with a "courage over comfort" approach and a positive, solutions-oriented mindset.
• Be a culture builder: building a positive culture is everyone's responsibility, based on care, respect and openness to diverse perspectives.

Pay and benefits

The base salary for this role can range from $70,000 to $85,000 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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