Product Development Analyst

Combined, a Chubb Company; Chicago (IL); On-site; USD 80,000 - 100,000; Full time

Job summary

An insurance company is seeking a Senior Product Development Analyst to support the expansion of its product portfolio. The role involves collaborating with various departments on product development, conducting competitive analysis, and providing marketing support. Ideal candidates should have over 5 years of experience in product development, strong organizational skills, and the ability to manage multiple priorities. This is a full-time position.

Qualifications

• Minimum of 5 years experience in product development.
• Strong attention to detail and superior communication skills.
• Ability to manage multiple priorities successfully.

Responsibilities

• Collaborate with various departments to maintain insurance products.
• Actively participate in product design and development.
• Conduct competitive analysis and assist in marketing support.

Skills

Drafting and analyzing contracts

Organizational skills

Communication skills

Multi-tasking

Collaboration

Deadline management

Analytical thinking

Education

5+ years in Group or Individual Supplemental Health product development

Tools

Microsoft Office

Job description

Overview

Combined Insurance, a Chubb Company, is seeking a Senior Product Development Analyst to join our fast-paced, high energy, growing company. We are proud of our tradition of success in the insurance industry of over 100 years. Come join our team of hard-working, talented professionals!

Job Summary

The Senior Product Development Analyst supports the expansion and ongoing maintenance of Chubb/Combined North America’s insurance product portfolio. This candidate will be collaborating with the Product Innovation Team in all aspects of competitive analysis, product development, contracts, product marketing, distribution support and training and collaborate throughout the enterprise to support cross-functional product implementation.

Responsibilities

• Product Management – Collaborate with Legal/Compliance, Actuarial, Underwriting and new Business Operations, IT and Claims to maintain products. Work with Compliance to monitor and report on our product filings and update tracking reports. Develop and manage product documentation.
• Product Development – Actively participate in the design and development of innovative, competitive, and compelling products to consistently maintain market leadership and capitalize on new growth opportunities. Draft and revise contract language and support internal and external product approval. Manage relationships and support collaboration with external partners and third-party administrators.
• Competitive Analysis – Benchmark competitor offerings and industry practices, analyze competitor state product filings, review proposals, marketing materials, social media and attend industry conferences to remain an industry leading carrier.
• Marketing and Sales Support – Subject matter expert for distribution team and internal and external partners. Review and edit product marketing materials and collateral, maintain product support tools, as well as develop, update, and deliver product training and documentation for multiple sale channels and systems.

Competencies and Skills

• Draft, interpret, and analyze voluntary life and health insurance contracts.
• Strong attention to detail, with superior organizational and communication skills
• Ability to multi-task and successfully manage multiple priority projects.
• Ability to successfully collaborate as a member of cross functional teams, as well as perform as an individual contributor.
• Demonstrated ability to meet aggressive deadlines.
• Quick learner and analytical thinker

Education and Experience

• 5+ years in Group, Worksite and/or Individual Supplemental Health product development and product related functions
• Experience with Microsoft Office, including Excel, Word and Power Point

Seniority level

• Associate

Employment type

• Full-time

Job function

• Product Management and Analyst
• Industries
• Insurance