Job Overview:
The Director of Product Managementstrategically drives the development and management of insurance products in the BCS portfolio of solutions using market research and analysis, customer/distributor feedback, and performance data (sales, underwriting, financial, etc.). This person will also work with the Underwriting and Actuarial departments in rate and risk profile development. The ideal candidate is forward-thinking, strategic, and customer service-oriented.
Essential Elements
- Research market trends and collect competitor intel to help guide product strategy and share learnings from the market across the broader organization
- Utilize voice of the customer and broker to assess go/no go activity with product development
- Assess the results of current product performance and recommend improvements and/or enhancements
- Measure the impact of Product changes to ensure the implementation and results match what was planned
- Partner with Actuarial and Underwriting teams to work on the development of coverage, pricing levels, and policy requirements
- Collaborate with the Compliance team to facilitate regulatory approval and implement new features
- Product training (internal and external)
- Work with marketing leads on collateral development and upkeep, which includes forms, presentations, brochureware, etc.
- Coordinate with Operations to ensure products are stood up on our systems, third-party vendors are ready, contracts are in good order, technology and tools are in place, etc.
Requirements
Education and Certifications
- Bachelor's Degree or equivalent insurance training
Experience
- 8 or more years of insurance industry experience in a product development role
- Highly proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint) ·
- Expert knowledge of all rating and product activities
If you are a highly motivated individual with a passion for driving innovation through Product Management, we would love to hear from you. Join our team as the Director of Product Management and play a key role in shaping our product strategy and driving business success.
Job Type: Full-time
Salary: $125,000.00 - $135,000.00 per year
Experience level:
- 10 years
Schedule:
- 8 hour shift
Application Question(s):
- What is your Visa Status?
Experience:
- Product management: 10 years (Required)
- Product Launch Planning: 1 year (Required)
- UI/UX design launching: 1 year (Required)
Ability to Relocate:
- Oakbrook Terrace, IL 60181: Relocate before starting work (Required)
Work Location: Hybrid remote in Oakbrook Terrace, IL 60181