Senior Manager, Product Development

About the role.

The Senior Manager, Product Development will drive  coverage related projects for PURE’s casualty lines of business and is responsible for creating and maintaining the content of PURE’s policy forms and endorsements. Strong candidates will be naturally curious with in depth knowledge of personal lines insurance products. Experience developing high-net-worth insurance products is a plus. This individual will demonstrate strong analytical and problem-solving skills, and will communicate effectively to help solve real business problems. This role reports to the VP, Product Development within the Product Management team and will work closely with several business units across the organization.

This role is on a hybrid basis with the expectation to be in the Chicago office 2-3x per week.

What you'll do.

• Provide overall management of national coverage strategy for personal auto, personal excess liability and watercraft lines of business.
• Development of comprehensive coverage strategies that align with product initiatives and assist with driving growth, achieving targeted underwriting profit, and delivering the best membership experience.
• Partner with rating teams on overlapping projects and initiatives.
• Lead collaboration with underwriting and claims partners to analyze and monitor effective of policy language to drive continuous improvement.
• Act as a coverage and policy forms expert and maintain a thorough knowledge of company product features and benefits as well as industry product trends. Provide coverage expertise to various internal areas, including underwriting, sales and marketing, claims, legal and finance.
• Maintain current knowledge of competitor actions, industry developments and Member needs and drive coverage innovation to meet the needs of PURE’s target market.

What we’re looking for.

• Bachelor’s degree required with 5+ years progressively more responsible work experience in personal lines insurance, preferably in a product development role. Experience developing and drafting personal insurance policy forms is a must.
• Exceptional analytical, quantitative, and problem-solving skills, with strong attention to detail.
• Strong communication skills with an ability to comprehend, interpret and draft complex policy language.
• Demonstrates the highest levels of ethics, values, and integrity; s/he should be highly respected within current/previous organizations as a trusted professional.
• Must be able to lead through influence, rather than authority only. Collaborative and community-oriented; must be a team player and able to operate as a “player-coach.”
• High net worth personal lines insurance experienced preferred, but not required.
• Incredible empathy and understanding of the needs of our insured members.  You should be an advocate for members and passionate about our mission.

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What We Do

We're a member-owned property and casualty insurer designed exclusively for financially successful families and driven by a purpose of doing what is right for our members.  Our reciprocal model focuses on service and doing what is right for the membership: we provide exceptional service, hospitality and care, we partner with our members to help prevent losses and we create smart insurance solutions at fair prices.

 

We aim for our members to love their insurance. It is our mission is to create a membership experience so compelling that ​our members never want to leave.

 

Who We Are

We want to be transparent about what we expect from each other.  From PURE, you can expect:

Opportunities to stretch and grow: your professional and personal development matters to us. We’re committed to providing experiences through on-the-job learning and professional development that increase your impact and rewards.

Clarity and kindness: you can rely on us to be open, honest and supportive, offering clarity on what success looks like.

Support in good times and bad: we believe in showing up for each other consistently, not only when it’s easy. You can expect a thoughtful partner, even when we disagree.

A community that cares: we are committed to sustaining a community in which each person feels cared for as an individual. We lift each other up, celebrate wins together and support one another through challenges in work and life.

 

Who You Are

All of the strongest relationships are a partnership- a two way street. So here’s what we ask of you:

• Aim to bring your best every day: you’re here because you want to be part of a team that makes a real impact and aims high.

• Be a student and a teacher: share your knowledge and talents and be willing to listen and learn from those around you.

• Get comfortable being uncomfortable: we face tough moments and obstacles with a “courage over comfort” approach and a positive, solutions-oriented mindset.

• Be a culture builder:  building a positive culture is everyone's responsibility, based on care, respect and openness to diverse perspectives.

The base salary for this role can range from $120,000 to $135,000 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

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Want to Learn More?

• [Our Values]
• [Our Benefits]  
• [Our Community Impact]
• [Our Leadership]