First Chicago Insurance Company, an Illinois-based Property and Casualty insurer, is seeking a key member of its Product and Actuarial Analysis Department to provide expertise in a variety of initiatives. The Product and Actuarial Analysis Department designs, develops, and launches new products and product enhancements that drive profitable growth, improve product efficiencies, and deliver return on investment through our distribution channels.

As the Insurance P&C Product Manager - Commercial Lines, you will act as a key member of the department by providing expertise in the areas of product development, pricing, and analytics. In this role, you will be accountable for managing the development and design of new products, and the implementation of changes to our existing products, in the commercial auto and general liability lines of business across all of our states.

The ideal candidate is an experienced Product Manager, or Senior Product Analyst, with a strong command of insurance pricing and product concepts for commercial auto and general liability.

DUTIES & RESPONSIBILITIES:

• Lead in managing the entire lifecycle of a product revision or creation from initial planning to implementation, ensuring project controls are met throughout the lifecycle of the project
• Manage compliance projects with a thorough understanding of state laws and regulations which impact the business and implement changes to operations to ensure statutory compliance
• Analyze and monitor insurance product performance along with competitor trends in the marketplace to make data-based decisions regarding underwriting, coverage, and pricing to drive improvement
• Research, develop, and maintain coverage forms and endorsements needed to support new and existing products
• Proactively identify emerging issues and present strategic recommendations to improve results while seeking out areas for growth and profit
• Champion new ideas and initiatives by identifying innovative business opportunities and make them a reality by fostering innovation and taking calculated risks
• Make strategic recommendations to executive management and execute on the implementation of product strategies and objectives across multiple business units
• Produce thorough competitive analyses by examining the competitors' products and services to identify potential product offerings

• Develop and implement product, underwriting and pricing recommendations to support profitability and growth goals
• Actively participate in building strong relationships among team members and across the organization to ensure cooperation on project objectives
• Create, submit, and manage regulatory rate, rule, and form filings, and assure proper execution of regulatory and legislative practices
• Provide support for various ad hoc requests as needed
• Potential to oversee direct report(s)
• Reports to the Product & Actuarial Director

The Insurance P&C Product Manager - Commercial Lines will have responsibility for existing commercial lines products. This currently includes Commercial Auto, Public Transportation (including Paratransit) and General Liability.

QUALIFICATIONS:

• 5 to 10 years of progressively more responsible work experience in insurance product management (experience in commercial lines preferred)
• Bachelor's degree, preferably in an analytical field of study such as Insurance, Economics, Finance, Math, and Statistics
• Strong interpersonal, written, and oral communication skills, with ability to collaborate with others and communicate effectively
• Ability to prioritize, plan, implement, manage, and/or sponsor projects and key initiatives using developed project management standards
• Strong technical, quantitative, and analytical skills with demonstrated understanding of pricing concepts
• Extensive knowledge and understanding of P&C Insurance product design and underwriting concepts
• Background in legal or regulatory research a plus
• Excellent organizational, project management, and time management skills
• Ability to work independently, execute quickly, and drive results
• Strong attention to detail
• Ability to adapt to different or changing situations, requirements, or priorities
• Proficient in Microsoft Excel and Word
• Experience with software/programming languages and tools with key analytic applications (SAS, MySQL, PL/SQL, Oracle, UNIX, OLAP, Tableau, Hadoop, Hive, Impala) a plus

First Chicago Insurance Company provides a competitive benefits package to all full- time employees. Following are some of the perks First Chicago employees receive:

• Competitive Salaries
• Flexible Work Schedules
• Remote and Hybrid
• Commitment to your Training & Development
• Medical and Dental
• Telemedicine Benefit
• 401k with a generous company match
• Paid Time Off and Paid Holidays
• Tuition Reimbursement Training Programs
• Wellness Program
• Fun company sponsored events
• And so much more!