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Product Manager

Company: Honeycomb Insurance
Location: Chicago
Posted on: May 15, 2024

Job Description:

Honeycomb is a deep-tech, digital insurer focusing on multi-family property insurance, a $34B market in the US alone. Our core value proposition is delivering a differentiated, long-lasting customer and partner experience. Our proprietary Artificial Intelligence technology enables us to do so while generating 4x YoY topline growth and unparalleled profit margins.

In contrast with the traditional insurance industry, which relies primarily on costly manual labor, Honeycomb has already automated 60% of its underwriting processes, achieving significantly better customer experience, consistency, and scalability and, at the same time, delivering extremely low and highly consistent loss ratios. Honeycomb is expected to cross $100M in annual sales in Q1 2024 while maintaining its strong and highly sustainable growth.
What You'll Do

  • Market Research and Analysis: Conduct thorough market research to understand industry trends, customer needs, and the competitive landscape. Use these insights to inform product strategy and development.
  • Customer Engagement: Engage directly with customers through various channels to gather feedback and understand their pain points and desires. Transform these insights into actionable product features and enhancements.
  • Cross-Functional Collaboration: Work closely with the marketing, sales, underwriting and development teams to align product development with market needs and marketing strategies.
  • Product Vision and Strategy: Develop and maintain a product roadmap that aligns with market trends and company objectives. Ensure the product vision is communicated effectively across all levels of the organization.
  • Competitor Analysis: Keep a close eye on competitor products and market moves. Analyze their strategies to inform our product positioning and differentiation.
  • Data-Driven Decision Making: Utilize data analytics to make informed decisions about product direction and priorities.
  • Go-to-Market Strategy: Collaborate with the marketing team to develop and execute effective go-to-market strategies for product launches and updates.
  • Feedback Loop Management: Establish and maintain a system for collecting, analyzing, and acting on customer and market feedback. Basic Requirements
    • 3+ years of product management experience.
    • Experience in market research.
    • Experience with customer engagement and feedback collection.
    • Great communication skills. Ability to talk with anyone in the company and get to an understanding of how you can help each other.
    • Great analytical skills that will be used for understanding opportunities, prioritization and measurement.
    • Ability to think creatively and strategically. Benefits
      • Health Benefits
      • Employee options grant
      • 401K
      • Flexible paid time off
      • Paid national holidays

Keywords: Honeycomb Insurance, Chicago , Product Manager, Executive , Chicago, Illinois

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