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A Fortune 500 company formerly known as Unitrin, Kemper is one of the nation’s leading insurers, with over $2.7 billion in annual revenue and $8 billion in assets. Unitrin, found
Product Development Manager
Location
Illinois + 1 moreAll locations: Illinois | Missouri
Posted
103 days ago
Salary
$99K - $164.8K / year
Seniority
Lead
Job Description
Product Development Manager
Kemper
• Lead execution of product implementations, including new product launches, product enhancements, and pricing changes. • Create detailed product specifications in partnership with pricing actuaries by combining pricing assumptions and actuarial intent with product design details, features, and rules. • Own product availability management, including evaluating competitive research, market insights, and performance data. • Develop recommendations for managing and optimizing the product portfolio. • Supervise and develop Product Analysts, providing direction, coaching, performance management, and technical guidance. • Coordinate system configuration and updates across pricing, underwriting, and policy administration platforms to support product design. • Ensure product forms, rates, underwriting rules, and system logic align with approved product specifications and regulatory requirements. • Partner with underwriting, IT, compliance, and operations teams to plan, execute, and validate product changes. • Oversee testing, validation, and reconciliation activities to confirm accurate system behavior to support product design both prior to and after implementation. • Identify and resolve implementation issues, escalating risks or delays as appropriate to ensure timely delivery. • Support regulatory filings and implementation readiness by ensuring system outputs align with filed and approved product materials. • Maintain product documentation, implementation artifacts, and audit-ready records supporting product changes. • Contribute to continuous improvement of product governance, design processes, and implementation execution.
Job Requirements
- Bachelor’s degree in business, finance, actuarial science, mathematics, or a related field.
- 7+ years of progressive experience in insurance product development, pricing, product implementation, actuarial support, or related functions.
- Demonstrated experience in product design and development, including translating pricing assumptions and actuarial intent into product specifications, features, and rules.
- Experience managing or supporting product portfolios, including evaluating competitive research, market data, and performance insights to inform product availability and design decisions.
- Prior experience supervising or leading analysts or project teams.
- Strong understanding of insurance product structures, pricing concepts, underwriting rules and regulatory requirements.
- Experience translating product and pricing requirements into system configurations, and business specifications.
- Proven experience translating product and pricing requirements into business and system requirements across pricing, underwriting, and policy administration platforms.
- Demonstrated experience coordinating complex, cross-functional initiatives involving actuarial, underwriting, IT, and operations.
- Strong analytical, organizational, and problem-solving skills with the ability to balance product strategy, execution rigor, and delivery timelines.
- Excellent written and verbal communication skills, with the ability to communicate product intent, requirements, and risks clearly to both technical and non-technical stakeholders.
Benefits
- Health insurance
- 401(k) matching
- Paid time off
- Discretionary bonus
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