Product Manager, Workers Compensation

CNA Financial

Confirmed live today High trust
Hybrid

Quick summary

Work type
Hybrid
Location
Chicago, IL
Salary
$97,000–$189,000 / yr
Employment
Full-time
Posted
13 days ago
Freshness
Confirmed live today

Market check

Salary context

Below market

How this pay compares to similar roles

Similar $200k
This role $143k
$80k $251k
below market most similar roles pay here above market

This role pays less than 91% of similar roles. Most pay $168,642–$231,000 — the blue band above. At the midpoint, this role pays about $143k versus about $200k for comparable roles.

Based on 240 similar postings.

Employer

About CNA Financial

CNA Financial is a Chicago-based commercial property and casualty insurance company, offering business insurance and risk-management services to companies across the United States and internationally.

CNA Financial currently has 13 open roles on FindRole.

Listed pay typically runs $93,000–$141,000 across 9 roles with salary data.

Most-posted roles

View all roles at CNA Financial

At a glance

TL;DR · Product Manager, Workers Compensation

JOB TITLE: Product Manager, Workers Compensation The Product Manager, Workers Compensation, partners with business owners to define, maintain, and communicate the product vision, strategy, and roadmap for complex business capabilities. This role owns product outcomes by translating strategic objectives into prioritized plans and investments that guide delivery teams toward measurable business value. Key responsibilities include managing a diverse portfolio of work, including large-scale initiatives, regulatory changes, and defect resolution. The successful candidate will collaborate with solution architects and technology teams to develop detailed requirements and acceptance criteria. Required expertise includes deep knowledge of Underwriting and Operations processes, Commercial insurance, and Workers’ Compensation rules like NCCI. The role requires proficiency in Agile methodologies, change management, and evaluating AI-enabled capabilities to solve business problems and improve user experiences within the core internal systems.

What does a Product Manager earn in Illinois?

Median $195400 from 107 postings across 17 companies.

See salary data

What you'll do

  • Define and communicate the product vision, strategy, and roadmap for complex business capabilities.
  • Translate strategic objectives into prioritized plans and investments to achieve measurable business value.
  • Develop detailed requirements and acceptance criteria by transforming business notes into technical specifications.
  • Manage a diverse portfolio of work including large-scale initiatives, regulatory changes, and defect resolution.
  • Partner with system architects to prioritize architecture work aligned with the architectural runway.
  • Participate in release management and solution validation while prioritizing system defects and user feedback.
  • Provide leadership, mentoring, and coaching to empower Product Owners to manage backlogs effectively.
  • Support change management, training, and communication needs for new product enhancements.

What we're looking for

  • Minimum of three years of experience in the Commercial insurance industry.
  • Minimum of eight years of experience as a Product Manager, Senior Product Owner, Product Owner, or similar role.
  • Deep knowledge of Underwriting and Operations processes, including experience with multiple P&C lines of business.
  • Workers’ Compensation experience, including familiarity with NCCI and independent rating bureau rules and regulations.
  • Typically a minimum of ten years of related work experience, preferably as a Product Manager, Product Owner or equivalent role.
  • Bachelor’s degree in a related discipline or equivalent work experience.
  • Master's degree in a related discipline (preferred).
  • SAFe PO/PM, CSPO, or PSPO certifications (preferred).

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