Associate Product Manager

PURE Insurance; Chicago (IL); On-site; USD 90,000 - 110,000; Full time

Job summary

PURE Insurance in Chicago is seeking an Associate Product Manager to join the State Management team. This role involves supporting state-specific strategies for high-net-worth personal insurance products with responsibilities spanning strategy execution, compliance, and market analysis.

Ideal candidates will have 5+ years in insurance product management and a strong educational background in analytical fields. The role offers a competitive base salary of $90,000 to $110,000 and opportunities for professional growth.

Qualifications

• 5+ years of experience in insurance product management, actuarial science, or related analytical roles.
• Excellent analytical, quantitative, and problem-solving skills.
• Strong attention to detail and organizational skills.

Responsibilities

• Assist in the development and execution of state-specific product strategies.
• Analyze and communicate on KPIs such as premium growth and loss ratios.
• Execute annual rate plan recommendations and support compliance projects.

Skills

Insurance product management

Analytical skills

Problem-solving

Verbal communication

Written communication

Excel proficiency

Education

Bachelor’s Degree in Economics, Finance, Math, Statistics, or Actuarial Science

Tools

Microsoft Office

Job description

Overview

Associate Product Manager to join the State Management team within the Product Management organization. This role supports the development, implementation, and performance oversight of state-specific strategies for high-net-worth personal insurance products. The ideal candidate has a foundational understanding of personal lines insurance, thrives in a cross-functional environment, and is eager to grow a career in product management. The role is open to remote candidates, but the ideal candidate is located in Chicago, IL, and able to commute to the office 3 days per week.

Responsibilities

• Support State Strategy: Assist in the development and execution of state-specific product strategies to achieve profitable growth and market competitiveness.
• Performance Monitoring: Analyze, report, and communicate on KPIs such as premium growth, loss ratios, indications, retention, and new business conversion for assigned states.
• Rate Plan Execution: Execute annual rate plan recommendations, including analysis of the existing book of business, documentation and filing support.
• Cross-Functional Collaboration: Work closely with Underwriting, Claims, Actuarial, Legal, and Marketing teams to execute state-level initiatives and support the full product lifecycle.
• Regulatory Support: Contribute to the preparation of required compliance projects including data gathering, state filings, and collaboration with Regulatory/Compliance, Underwriting, and Actuarial teams to ensure compliance with state-specific guidelines.
• Competitive Intelligence: Conduct market and competitor research to support rate, rule, and form enhancements.
• Voice of the Market: Gather field input from Distribution, Sales, and Customer Experience teams to identify trends and opportunities.
• Project Coordination: Help manage initiatives tied to product launches, enhancements, or operational improvements across assigned states.
• Mentor and Training: Participate in education, training, and serve as advisor for members within the Product Team.

Qualifications

• 5+ years of experience in insurance product management, actuarial science, or related analytical roles preferred.
• Bachelor’s Degree in an analytical field such as Economics, Finance, Math, Statistics, or Actuarial Science.
• Excellent analytical, quantitative, and problem-solving skills with strong attention to detail.
• Ability to extract, analyze, organize, visualize, and communicate data to support proposals and decisions.
• Excellent verbal and written communication skills, with the ability to contribute to business case development and executive presentations.
• Strong analytical and problem-solving skills; proficiency in Excel and Microsoft Office tools.
• Deep knowledge of the P&C industry, competitors, insurance product pricing, and profitability drivers; understanding of legislative and Department of Insurance regulations.
• Interest in high-net-worth clientele and customized insurance solutions.
• Demonstrated ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Collaborative mindset and curiosity to learn about product strategy and state-specific nuances.

Salary

The base salary for this role can range from $90,000 to $110,000 based on a full-time work schedule. Total compensation will vary based on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience.