We are seeking the ideal candidate for our Senior Product Analyst opening for our growing insurance company located in Bedford Park, just a mile south of Midway Airport!
As a Senior Product Analyst, you will provide support to the Product and Actuarial Manager by collaborating in cross-functional teams that design, develop, and implement new product initiatives. In this role, you'll work with minimal support, allowing you the freedom to showcase your creativity as we grow our existing business, enter new states, and engage in new products. The ideal candidate is an experienced product analyst with a broad understanding of insurance products and forms.
DUTIES & RESPONSIBILITIES:
Analyst will be involved with wide variety of insurance products which will include Non-Standard Auto and Preferred Auto, but may also occasionally include Commercial Auto and General Liability.
QUALIFICATIONS REQUIRED:
First Chicago Insurance Company provides a competitive benefits package to all full- time employees. Following are some of the perks First Chicago employees receive:
Estimated Compensation Range: $80,000/year-$90,000/year*
*Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location. In addition, starting salary may vary by position depending on whether the position is in-office, hybrid or remote.
The company was founded on December 14, 1920 as the Chicago Ice Producers Mutual Liability Company. Originally organized as a mutual insurance company, its initial purpose was to insure the members of the Chicago District Ice Association for general liability, Workers Compensation, public liability for horses and wagons, and commercial vehicle insurance. Association members donated the $26,225 that was needed at that time to start insurance operations. The company was granted licenses to operate in the States of Illinois, Indiana and Wisconsin, which continue to be held today.
In the 1930’s, the company expanded into insuring the private passenger vehicles of the owners and employees of the ice companies. This business was later enlarged to include individuals referred by policyholders of the company. The company’s name was changed to Chicago Mutual Liability Company in 1961. During the 1970’s and 1980’s, the company evolved from its original focus as a commercial lines insurer to become an automobile insurer. At the end of 1994, the Board of Directors decided to exit the Workers Compensation and general liability lines and concentrate on the personal and commercial auto lines of business.
In 1991 the Board of Directors decided to change the company’s distribution system from direct writing to partnering with independent producers. The company had maximized its growth as a direct writer and needed to adopt a different strategy. The company’s name was changed again in 1996 to Chicago Mutual Insurance Company.
In 2006, the company was converted from a mutual form of governance to a stock company. It was renamed First Chicago Insurance Company, and became a subsidiary of J & P Holdings, Inc. Innovation is the company’s focus as the 100th anniversary of its founding approaches. Management continues to search for opportunities that will serve our current policyholders and contribute to the company's growth and profitability.
