Product Development Analyst Sr. at Chubb in Chicago, Illinois

Job Description:

JOB DESCRIPTION

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 Combined/Chubb 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.

The successful candidate may primarily support our system replacement project by leveraging their expertise to communicate requirements, identify test cases, and execute user acceptance testing. They will collaborate closely with their functional team to ensure alignment with business processes and system requirements.

Responsibilities

• 
  Product Management - Collaborate with Legal/Compliance, Actuarial, Group 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.

• Draft, interpret, and analyze insurance contracts.
• Strong attention to detail, with superior organizational and communication skills
• Ability to multi-task and successfully manage multiple priority projects.
• Ability to function 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

• 5+ years in Group Life and Disability products and product related functions
• Experience in worksite products desired.
• Experience in federal and state leave administration preferred.
• Experience working with third party administrators and external partners.
• College degree preferred.
• Previous experience in defining system requirements and conducting User Acceptance Testing is a plus.

ABOUT US

OUR BENEFITS

As a Chubb corporate employee, you have access to one of the most comprehensive benefit plans in the business, designed to meet your needs and help you reach your financial goals. More details can be found here. Chubb is committed to supporting its employees with a comprehensive compensation package that is appropriate in the market where they work. Below are several of the many benefits we offer our employees:

• Health insurance
• Dental insurance
• Tuition reimbursement
• A company-match 401(k) plan
• Disability insurance
• Life insurance
• Employee referral bonuses

Combined Insurance Company of America is a Chubb company and a leading provider of supplemental accident, health, disability, and life insurance products in North America. Headquartered in Chicago, with satellite office in Columbia, SC, Combined is celebrating over 100 years in business. We are committed to making the world of supplemental insurance easy to access and understand. The company has an A+ rating by the Better Business Bureau and an A + (Superior) financial strength rating by A.M. Best. We are ranked by VIQTORY as the number one Military Friendly® Employer in 2023 (over $1 billion revenue category), marking Combined's twelfth consecutive year on the Top 10 list. We pride ourselves on approaching all situations with a Positive Mental Attitude (PMA) and encouraging collaboration.

ABOUT CHUBB

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

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