Product Development - Illinois
5 hours ago
Job description
This position is posted by Jobgether on behalf of a partner company. We are currently looking for a Product Development & Implementation Manager. This role is critical in designing and managing insurance products, ensuring that they are strategically aligned and operationally robust. You will bridge the gap between product strategy and execution, enhancing our offerings in a competitive market. As part of this role, you will supervise and develop a team, oversee the implementation of product changes, and collaborate with various departments to ensure smooth operations. Your expertise will directly influence our product portfolio and its success in the market.Accountabilities
- Lead execution of product implementations, including new product launches, product enhancements, and pricing changes.
- Create detailed product specifications in partnership with pricing actuaries by combining pricing assumptions and actuarial intent with product design details, features, and rules.
- Own product availability management, including evaluating competitive research, market insights, and performance data.
- Develop recommendations for managing and optimizing the product portfolio.
- Supervise and develop Product Analysts, providing direction, coaching, performance management, and technical guidance.
- Coordinate system configuration and updates across pricing, underwriting, and policy administration platforms to support product design.
- Ensure product forms, rates, underwriting rules, and system logic align with approved product specifications and regulatory requirements.
- Partner with underwriting, IT, compliance, and operations teams to plan, execute, and validate product changes.
- Oversee testing, validation, and reconciliation activities to confirm accurate system behavior to support product design both prior to and after implementation.
- Identify and resolve implementation issues, escalating risks or delays as appropriate to ensure timely delivery.
- Support regulatory filings and implementation readiness by ensuring system outputs align with filed and approved product materials.
- Maintain product documentation, implementation artifacts, and audit-ready records supporting product changes.
- Contribute to continuous improvement of product governance, design processes, and implementation execution.
Requirements
- Bachelor's degree in business, finance, actuarial science, mathematics, or a related field.
- 7+ years of progressive experience in insurance product development, pricing, product implementation, actuarial support, or related functions.
- Demonstrated experience in product design and development, including translating pricing assumptions and actuarial intent into product specifications, features, and rules.
- Experience managing or supporting product portfolios, including evaluating competitive research, market data, and performance insights to inform product availability and design decisions.
- Prior experience supervising or leading analysts or project teams.
- Strong understanding of insurance product structures, pricing concepts, underwriting rules, and regulatory requirements.
- Experience translating product and pricing requirements into system configurations, and business specifications.
- Proven experience translating product and pricing requirements into business and system requirements across pricing, underwriting, and policy administration platforms.
- Demonstrated experience coordinating complex, cross-functional initiatives involving actuarial, underwriting, IT, and operations.
- Strong analytical, organizational, and problem-solving skills with the ability to balance product strategy, execution rigor, and delivery timelines.
- Excellent written and verbal communication skills, with the ability to communicate product intent, requirements, and risks clearly to both technical and non-technical stakeholders.
Benefits
- This position is eligible for an annual discretionary bonus.
- Comprehensive benefits package including Medical, Dental, Vision.
- Paid Time Off (PTO) and retirement savings plan (401k).
- Flexible working arrangements in a fully remote environment.
- Opportunities for personal development and professional growth.
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