Product owner Jobs in Chicago, IL

JOB DESCRIPTION Chubb is seeking a Product Owner to lead Combined Insurance's efforts to deliver customer solutions and business automation that will improve the experiences of policyholders, agents, brokers, and employers. You will be joining our fast-paced, high energy, growing company. For nearly 100 years in the insurance industry, our company has been passionate about serving our customers and providing them peace of mind and protection when they need it the most. Come build your career here, along with other positive, hard-working, talented professionals-just like you! JOB SUMMARY : As a Product Owner (PO), you will play a critical role in leading technology transformation and building business capabilities that allow Combined to compete in the market and deliver leading customer experiences. The Product Owner will be aligned to the Claims Organization primarily focusing on following key strategic objectives :

• Auto Adjudication : Deliver refined auto adjudication rules and logic to improve straight through processing, customer experience and claim decision accuracy.
• Workflow System Redesign and Enhancements : Deliver improved / redesigned workflow functionality to automate, streamline and simplify claim handling processes
• Communication / Letter System Replacement : Deliver user-friendly, and personalized experience for users that will simplify the process of composing, formatting, and sending letters while incorporating modern technological advancements as we grow and expand product offerings and customer service needs. The Product Owner will partner with business owners and stakeholders across Combined to successfully deliver the project, from defining requirements and designing solutions to articulating acceptance criteria and executing testing. This includes driving the end-to-end digital product lifecycle to achieve business outcomes aligned with strategic priorities and corresponding objectives. The PO will lead a multidisciplinary team to deliver high quality work product via faster / shorter iterative cycles. They will be responsible for driving decision-making and removing impediments to the team's progress by influencing key stakeholders, engaging with other POs to manage interdependencies, and escalating issues appropriately. RESPONSIBILITIES :
• Own end-to-end product lifecycle, including visioning, research & data gathering, planning, execution, and measurement; accountable for the quality of work product and overall outcomes produced by the multidisciplinary team throughout the lifecycle
• Develop, prioritize, and maintain the product roadmap and backlog to drive speed-to market and business impact
• Articulate opportunities and design target journeys and solutions, balancing multi-disciplinary inputs and competing stakeholder priorities with achieving business outcomes
• Monitor dependencies and risks, and actively work with relevant stakeholders to mitigate or resolve
• Provide needs clarity, support solutioning & release planning, and collaborate in providing quality assurance during build and testing of the product capabilities
• Facilitate product demos and launches, advocating and communicating value to users and stakeholders
• Measure and track performance of key metrics in line with the objectives; generate insights and feed back into the roadmap and delivery
• Scribe experience and process-focused user stories in alignment with the ways of working story writing and ownership model
• Continuously identify areas of opportunities for the team and provide input into sprint reviews and retrospectives
• Build and maintain relationships and collaborate effectively on an on-going basis with cross functional stakeholders intra and inter domain
• Ensuring compliance with regulatory and legal requirements
• Identify development needs and provide product mentorship and coaching to the team FUNCTIONAL COMPETENCIES :
• Ability to provide hands-on direction and day-to-day execution ownership in a multidisciplinary team
• Relevant knowledge and understanding of business objectives to align with product vision
• Demonstrated ability to think both strategically and tactically; Also, an empathic approach to understand user needs and motivations
• Excellent communication and presentation skills; comfortable in engaging with senior leadership
• Ability to effectively identify and manage needs of a broad range of stakeholders
• Ability to juggle multiple priorities and handle unexpected challenges that arise within projects, adapting quickly and effectively
• Strong self-motivator with a contagious ability to spread energy to team TECHNICAL COMPETENCIES :
• Hands-on end-to-end digital product management lifecycle experience, preferably in insurance industry setting
• Robust working knowledge in technical aspects of product development, including solution design, SDLC management, agile principles, and programming concepts
• Fluency in data and analytics driven decision making and feedback loops into product development EDUCATION / SKILLS / EXPERIENCE :
• Bachelor's Degree or equivalent experience with background in business, computer science, customer experience, or technology
• 5-10+ years of experience leading initiatives within the Insurance and Financial Services industry
• 4-7+ years of product ownership experience working in or leading Agile units (preferably as a product owner in an insurance company or in an insurtech)
• Fintech, Insurtech, or end-to-end customer digital experience advantageous
• Customer first mindset and approach to product development
• Demonstrated understanding for the intersection of business, UX design, and technology
• Knowledge of Insurance distribution management (e.g., employee agent, independent agent, broker)
• Understanding of group vs. individual insurance and value chain (e.g., UW, new business, claims)
• Proven track record leading executives and influencing others towards a common goal or vision
• Experience working in a multi-discipline, matrix structure that fosters collaboration / teamwork
• Exceptional communication skills, written and verbal, and ability to clearly articulate messages
• Ability to communicate with diverse technical and non-technical groups, spanning all levels
• Highly organized, extremely goal oriented mindset, logical, thorough, and detail-oriented
• Out of the box thinker who can take a step back and find alternative solutions
• Strong ability to work independently and manage one's time
• Strong knowledge of Excel and PowerPoint
• Preferred knowledge of JIRA, BPM tools (e.g., OpenText) and Claims handling processes and practices 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 ABOUT COMBINED INSURANCE 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. Connect with us on Twitter, Facebook, LinkedIn, and Instagram #combined