Senior Product Development Analyst (P&C Insurance)

Senior Product Development Analyst

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.

Type : Full-Time; Hybrid : In-Office 3 days / Remote 2 days.

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 we're looking for :

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