Director of Product Development – Insurance
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Job Location:
Chicago, IL - USA
Yearly Salary:
$ 150000 - 170000
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Job Description
About the Company
Our client is a well-established national insurance carrier known for its innovative products financial stability and customer-first approach. They are seeking a Director of Product Development to lead the design enhancement and execution of new and existing insurance products that drive growth and profitability across multiple lines of business.
Compensation:
- $150000 - $170000/year base salary plus annual performance bonus.
- Comprehensive health dental and vision coverage.
- 401(k) with company match and profit-sharing plan.
- Generous PTO and remote work flexibility.
Responsibilities:
- Lead the strategic development and management of insurance products across assigned lines of business.
- Conduct competitive and market analysis to identify opportunities for new products or enhancements.
- Partner with underwriting and actuarial teams on pricing strategies profitability analysis and risk assessment.
- Ensure product filings meet regulatory and compliance requirements in all jurisdictions.
- Oversee the product development roadmap and manage projects from concept to rollout.
- Monitor product performance analyzing trends to optimize pricing coverage and profitability.
- Collaborate with marketing and distribution teams to support sales growth and product adoption.
- Manage and mentor a team of product analysts and managers to support development initiatives.
Requirements:
- Bachelors degree required; MBA or advanced degree preferred.
- 8 years of experience in insurance product management or product development (P&C preferred).
- Strong understanding of product design pricing underwriting and regulatory processes.
- Proven success developing and launching insurance products in a carrier environment.
- Exceptional communication leadership and project management skills.
- Demonstrated ability to work cross-functionally and drive strategic initiatives.
Disclaimer: Please note that this job description may not cover all duties responsibilities or aspects of the role and it is subject to modification at the employers discretion.
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Required Experience:
Director
Key Skills
- Crisis Management
- Marketing
- Public Relations
- Fundraising
- Media Relations
- Constant Contact
- Strategic Planning
- Social Media Management
- Team Management
- Public Speaking
- Wordpress
- Writing Skills
About Company
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