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PURE Insurance · 3 hours ago

Senior Product Development Analyst (P&C Insurance)

Chicago, IL

Full-time

Hybrid

Mid, Senior Level

$70K/yr - $85K/yr

3+ years exp

PURE Insurance is focused on strategic product innovation, development, and management in the P&C insurance sector. The Senior Product Development Analyst will support product initiatives, conduct research on market trends, and collaborate with cross-functional teams to enhance product offerings.

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Culture & Values

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

Qualification

P&C insurance experienceAnalytical field degreeData analysis softwareProduct pricing knowledgeCritical thinking skillsCuriosityHonestyCommunication skillsTime managementRelationship buildingGrowth mindsetIntegrity

Required

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