Insurance Product Director

| Chicago

Who's Clearcover?
Clearcover is the smarter car insurance company. We use powerful technology to offer everyday drivers better coverage for less money. We’re proud to be one of the fastest growing startups in Chicago, and we’re currently looking to add a few more extraordinary people to our team.

What is the role?
We are seeking an Insurance Product Management leader to provide countrywide management of our core lines of business and support Clearcover’s growth and profit objectives. Alongside our Chief Actuary, you will be accountable for designing and managing personal lines insurance products at a national level. You’ll work hand-in-hand with our product and technology teams to develop, implement and monitor insurance products, strategies, and systems that balance and optimize growth, profitability and operating costs.

What will you do?

  • Help create insurance product strategy, drive rapid insurance product development and support all state expansion efforts.
  • Share overall P&L responsibility; develop insurance business/product strategies to maximize value creation through sustainable growth and high-quality customer experiences.
  • Analyze and monitor insurance product performance to make data-based decisions regarding underwriting, coverage, and pricing to drive continuous improvement.
  • Work with our CEO and COO to ensure all state and product initiatives are compliant with regulations and meet with company strategies.
  • Act as a product line expert and maintain a thorough knowledge of product features and benefits, as well as industry product trends; provide product expertise to various internal areas, including product, engineering, growth, and claims.
  • Implement strategies at a state level to ensure adherence to and consistency with national strategies.
  • Act as our competitive intelligence analyst, studying and delivering learnings from competitor filings and market basket reports.
  • Help us build an insurance product organization that is willing to think about operations and output from first principles.

What do you need?

  • 5-10 years progressively more responsible work experience in insurance product management or a related field.
  • Direct experience applying customer lifetime value concepts to pricing and profitability decisions
  • Able to work hand-in-hand with our technology team to seamlessly blend insurance and product/technology goals and outcomes, as proven by successful past collaboration.
  • Superior analytical, quantitative and problem-solving skills with a deep intellectual curiosity and an ability to make data-based decisions.
  • Must be able to lead through influence, rather than authority only. Also must be a team player and able to operate as a “player-coach.”
  • Relevant work experience or Bachelor’s degree required, preferably in an analytical field of study such as Economics, Finance, Math, Statistics
  • Personal lines experience strongly preferred
  • A passion for learning and improvement

What's in it for you?

  • Unlimited PTO, we hire adults
  • Equity for all employees, so you own a piece of the pie too
  • Dental and Vision, we've got you covered 100%
  • Medical, we cover 90% of your premium and contribute to your HSA and HRA (cha-ching)
  • We invest in your future by contributing 3% of your salary to a 401(K), even if you don't
  • Come to work pre-taxed through our FSA commuter benefits
  • and yes, we have unlimited LaCroix, beer, snacks and the occasional ice cream social
Read Full Job Description

Technology we use

  • Engineering
    • KotlinLanguages
    • PythonLanguages
    • RubyLanguages
    • ScalaLanguages
    • ReactLibraries
    • Ruby on RailsFrameworks
    • PostgreSQLDatabases
    • SnowflakeDatabases

Location

33 W Monroe, Chicago, IL 60603

An Insider's view of Clearcover

What's something quirky about your company?

It’s surprising how much we all grow to love discussing insurance. Everyone is genuinely interested in how the industry works and sharing knowledge. I think we feel we owe it to our customers to understand how insurance works, so they don’t have to. We’ve likely all thought at one point, “Wow, I never thought I’d care about insurance this much.”

Sunny

Senior Software Engineer

How do you collaborate with other teams in the company?

Whether I'm working with Product to promote a feature launch or partnering with our Customer Advocate team to communicate updates to customers, I get to collaborate across teams, leverage my skills & improve my expertise every day. Clearcover nurtures a collaborative environment and encourages thinking outside the box to deliver better experiences.

Alice

Director of Communications

What are Clearcover Perks + Benefits

Culture
Volunteer in local community
Intracompany committees
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Open office floor plan
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Clearcover covers 100% of the employee's dental benefits.
Vision Benefits
Clearcover covers 100% of the employee's vision benefits.
Health Insurance Benefits
Clearcover's health insurance plan is with United Healthcare with a range of plans including PPO, HDHP and HSA. If you elect an HSA, we cover your out-of-pocket deductible as an HSA contribution.
Life Insurance
Clearcover offers voluntary life insurance.
Pet Insurance
Onsite Gym
Retirement & Stock Options Benefits
401(K)
Company Equity
Child Care & Parental Leave Benefits
Generous Parental Leave
Clearcover offers parental and maternal leave with up to three months of paid time off.
Flexible Work Schedule
Remote Work Program
Family Medical Leave
Return-to-work program post parental leave
Company sponsored family events
Acme co. sponsors family oriented events Semi-annually.
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Clearcover's offers Commuter Benefits, employees can save an average of 30 percent off their commute by contributing pre-tax dollars.
Company Outings
Clearcover celebrates company wins by organizing quarterly outings to a variety of places like the Escape Room, Punchbowl Social and Bounce.
Game Room
Clearcover's game room includes a state-of-the-art ping pong table, custom Nerf gun wall and a Pop-a-Shot to let employees enjoy breaks between work.
Stocked Kitchen
Some Meals Provided
Professional Development Benefits
Job Training & Conferences
Clearcover offers a stipend to each employee to invest as they choose in their own professional development.
Lunch and learns
Cross functional training encouraged
Promote from within
Time allotted for learning
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