Associate Product Manager

Overview

Associate Product Manager to join the State Management team within the Product Management organization. This role supports the development, implementation, and performance oversight of state-specific strategies for high-net-worth personal insurance products. The ideal candidate has a foundational understanding of personal lines insurance, thrives in a cross-functional environment, and is eager to grow a career in product management. The role is open to remote candidates, but the ideal candidate is located in Chicago, IL, and able to commute to the office 3 days per week.

• 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 KPIs such as premium growth, loss ratios, indications, retention, and new business conversion for assigned states.
• Rate Plan Execution:
  Execute annual rate plan recommendations, including analysis of the 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 data gathering, state filings, and collaboration 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 and Training:
  Participate in education, training, and serve as advisor for members within the Product Team.

• 5+ years of experience in insurance product management, actuarial science, or related analytical roles preferred.
• Bachelor’s Degree in an analytical field 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 and 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, and profitability drivers; 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.
• Collaborative mindset and curiosity to learn about product strategy and state-specific nuances.

The base salary for this role can range from $90,000 to $110,000 based on a full-time work schedule. Total compensation will vary based on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience.