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PURE Insurance · 6 hours ago

Associate Product Manager

Chicago, IL

Full-time

Hybrid

Mid, Senior Level

$90K/yr - $110K/yr

5+ years exp

PURE Insurance is seeking an analytical and motivated Associate Product Manager to join their State Management team within the Product Management organization. This role focuses on the development and performance oversight of state-specific strategies for high-net-worth personal insurance products, requiring collaboration across various teams and strong analytical skills.

Building MaterialFinancial ServicesInsuranceReal Estate

Culture & Values

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

Qualification

Insurance product managementAnalytical skillsData analysisExcel proficiencyP&C industry knowledgeProject coordinationCommunication skillsProblem-solving skillsCollaboration

Required

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