Product Analyst Jobs in Illinois

About the role.

The State Management Senior Product Analyst is a member of the Product Management team and will be based out of our Chicago, IL office. We are seeking an intelligent, data-minded individual with strong quantitative and analytic skills and relevant insurance experience to assist in the successful implementation of high net worth property and casualty (P&C) insurance products and rates in support of our sustainable growth objectives.

What you’ll do.

• Responsible for implementing countywide strategies in designated markets in addition to developing state specific changes
• Responsible for executing end-to-end state rate changes from original analysis through field alignment, filing submission, and system implementation, meeting with state specific standards and compliance
• Establish goals independently for state rate reviews, including top-line and competitive metrics, as well as indication analysis utilizing provided data access and support
• Conduct original and creative analysis to uncover trends across PURE’s portfolio and externally in the marketplace
• Monitor competitor activities and provide field partners with insights, with the ability to ascertain relevant items in a timely manner.
• Understand market dynamics and support efforts to make changes to business offerings and processes
• Create and communicate concise proposals with recommendations to stakeholders
• Cultivate relationships with insurance departments and legislators to facilitate approvals on proposed changes
• Develop a network of reliable, efficient working relationships with other departments including product development, underwriting, distribution, claims, service, communications and other areas that support the business
• Independently attempt to resolve roadblocks while achieving state level objectives
• Mentor and support more junior analysts

What you'll need.

• Bachelor’s degree, ideally in an analytical field of study such as Economics, Finance, Math, Statistics or Actuarial Science
• 2-3 years of relevant, analytical experience
• Excellent analytical, quantitative, and problem-solving abilities, with strong attention to detail and organizational skills
• Strong proficiency in Microsoft Excel
• Ability to organize and transform large datasets to stand up analytical exercises
• Well-developed oral and written communication skills; comfortable speaking in front of small and large groups
• Good interpersonal skills and the ability to work well in a team environment

What will set you apart.

• Property & Casualty Insurance experience; background in High Net Worth P&C Insurance a plus
• Versed in the Actuarial ratemaking process
• Ability to write and update SQL queries
• Knowledge of the North American P&C industry, competitors, insurance product pricing, financial drivers of profitability; comprehensive understanding of legislative and Department of Insurance regulations ‌

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. 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 $70,000 to $80,000 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.