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Product Development Specialist

3 months ago

Markham Ontario IP, CA Allstate Insurance Company Full time

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. For more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags, and graduated driving laws to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.

Job Description

Our team is growing, and we are actively looking to hire a Product Development Specialist to join our Product Development Team Reporting to the Senior Manager, Property Liability Product, this role will be accountable for supporting ACG’s Customer and Growth strategies by delivering competitor product intelligence, developing and tracking key business processes associated with our products, working in support of key product & Strategic initiatives, and enhancing our market position by optimizing product relevance through the analysis and monitoring of key performance indicators.

This role is a 13-Month Contract Position.

Key Responsibilities

  • Stay current on industry developments and their impact on both our core product propositions and those of our competitors by tracking competitor product actions via insurer bulletins, advertisements, websites, rate & UW manuals, wordings, process & proposition documents.

  • Create and maintain a database/repository of competitor intelligence.

  • Prepare head-to-head analysis on comparable competitor products in order to highlight potential gaps and opportunities by reviewing the impact of competitor product moves on ACG segments, regions, and market share. Benchmark ACG offering against the industry. Be the owner of this framework.

  • Perform “health checks” on our existing suite of products to ensure they are meeting key customer and business KPI’s by preparing recommendations aligned to the product lifecycle framework (Retain, Refresh, or Retire).

  • Ensure business processes related to products (i.e., Training manuals, procedure guides & FAQ’s, communications, etc.) are current and aligned to company strategy.

  • Lead the development and launch of new or refreshed product propositions.

Education

  • University Degree/College Diploma in related field.

  • Minimum 5 - 7 years' experience in the insurance industry.

  • 2 - 3 years' experience in product management and underwriting is mandatory.

  • Enrolled in, or completion of, CIP designation is an asset.

  • Canadian Risk Manager designation is an asset.

  • Ability to develop and deliver verbal/written explanations and presentations to senior stakeholders.

Role Designation: Hybrid - The number of days to be split between the office and home will be determined by you and your manager.

Skills: Customer Centricity, Digital Literacy, Inclusive Leadership, Learning Agility, Results-Oriented.

Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.

You’ll do all this in a flexible environment that embraces connection and belonging. With the recognition of several inclusivity and diversity awards, we’ve proven that Allstate empowers everyone to lead, drive change, and give back where they work and live.

Good Hands. Greater Together.

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