What is the Insurance Product Director at Clearcover?

We are seeking an Insurance Product Management leader to provide countrywide management of our core lines of businesses and advance Clearcover’s growth and profit objectives. In this role, you will be accountable for designing and maintaining personal lines insurance products at a national level. You will also provide guidance and direction to the operational underwriting team related to insurance products and underwriting guidelines. You will collaborate with 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?

The Insurance Product Director is a key member of the Insurance Organization (reporting directly to the Head of Insurance). This role will:

• Help us build an insurance product organization that is willing to think about operations and output from first principles.
• Help create insurance product strategy, drive rapid insurance product development and support all state expansion efforts.
• Be responsible for determining when form coverage, policy related, and other legal customer-facing forms need to be created, amended or withdrawn; determining when form related business processes need to be changed; and managing all aspects of the form revision process.
• Work closely with internal legal counsel to ensure legal compliance.
• The ideal candidate should have a strong process driven background, with Subject Matter Expert level legal forms development and underwriting experience.
• Analyze and monitor insurance product performance to make data-based decisions regarding underwriting, coverage, and pricing to drive continuous improvement.
• 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.
• Monitor compliance issues at the state level and frequently collaborate with internal legal functions on critical audits/exams; with a significant influence on the outcome of the audit / exam resolutions.
• Build relationships with key insurance departments and legislators to facilitate approvals.
• Engage and explore external vendors for products and services that will enhance our current offerings.
• Manage/mentor/develop analysts, product managers and operational underwriters.

What will you need as an Insurance Product Director?

• 8-10 years progressively more responsible work experience in Personal Lines insurance product management, policy forms and endorsement development and maintenance and underwriting.
• Bachelor’s Degree preferred.
• CPCU designation preferred.
• Regulatory compliance experience, including applicable research and contract drafting is required.
• Solid organizational skills and ability to balance multiple priorities in a dynamic environment.
• Direct experience applying customer lifetime value concepts to pricing and profitability decisions.
• Exceptional 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.”
• Personal lines experience strongly preferred
• A passion for learning and improvement

Did you know that women and minorities are less likely to apply to a position if they don’t match 100% of the job qualifications? Don’t let that be the reason you miss out on this opportunity! We encourage you to apply anyway. Don’t count yourself out!

But wait, there’s more:

As a people-first company, your health and well-being is a priority at Clearcover. We offer comprehensive benefits for individuals and families:

• Medical. We offer rich and affordable BCBS plans for you and your dependents. If you select the high deductible health plan, we offer an HRA and contribute to your HSA.
• Dental and vision. We cover 100% of dental and vision premiums for you and your dependents.
• Pre-tax benefits, disability, and life insurance.
• 401(k). We contribute 3%, even if you contribute nothing.

We’ve also curated a stack of perks and benefits that stretch beyond the expected. Our people have access to:

• Generous vacation, 12 paid holidays, and parental leave.
• Equity in the company (plus an evergreen plan) and an annual bonus program.
• Employee resource groups and mental health workshops.
• Top of the line hardware and meeting free “Focus Fridays”.

We’re a remote first company, having paved the way for flexible work locations and continue to offer this flexibility. If you are local or in town visiting, you also have the choice to work from our Chicago HQ office. Because we are a remote first company, we ask that your internet can keep up with our pace.

To top it all off, if Clearcover is available in your state, you could have access to an employee discount on auto-insurance! Excited to learn more? Complete the application below!

Clearcover is an Equal Opportunity Employer (EOE) that welcomes and encourages all applicants to apply regardless of age, race, color, religion, sex, sexual orientation, gender identify and/or expression, national origin, disability, veteran status, marital or parental status, ancestry, citizenship status, pregnancy or other reasons prohibited by law.