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Insurance Product Development Jobs in Illinois (NOW HIRING)

Background in claims, insurance, or financial services. * Experience working in an agile product development environment. Work traits: * Adroitly pivots from visionary thinking (creative, high-level ...

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Insurance Product Development information

See Illinois salary details

$41.2K

$123.1K

$140K

How much do insurance product development jobs pay per year?

As of Sep 15, 2026, the average yearly pay for insurance product development in Illinois is $123,054.00, according to ZipRecruiter salary data. Most workers in this role earn between $111,000.00 and $138,600.00 per year, depending on experience, location, and employer.

What is an insurance product development?

An Insurance Product Development job involves designing, testing, and launching insurance products that meet market demands and regulatory requirements. Professionals in this role analyze industry trends, assess risks, and collaborate with underwriting, actuarial, and marketing teams to develop competitive policies. They ensure compliance with legal standards and optimize product offerings to attract customers while maintaining profitability. This position requires a mix of analytical skills, market research, and knowledge of insurance principles.

What are the main responsibilities of someone working in insurance product development?

Professionals in Insurance Product Development are responsible for researching market trends, identifying customer needs, and designing new insurance products or enhancements to existing offerings. This role often involves close collaboration with underwriting, actuarial, marketing, and compliance teams to ensure products are competitive, profitable, and compliant with industry regulations. Team members may also conduct competitor analysis, coordinate product launches, and provide ongoing lifecycle support for their products. The work environment is typically dynamic and project-driven, offering both creative and analytical challenges.

What are the key skills and qualifications needed to thrive in insurance product development, and why are they important?

To thrive in Insurance Product Development, a solid background in insurance concepts, product design, and market analysis is typically required, often supported by a degree in business, finance, or a related field. Familiarity with actuarial software, data analytics tools, and regulatory compliance systems is highly valued, and some roles may require certifications such as CPCU or CLU. Strong project management, creativity, and effective communication skills are important soft skills for collaborating with cross-functional teams and stakeholders. These competencies are crucial to successfully developing innovative insurance products that meet market demands while adhering to regulatory requirements.

Is insurance product development a good career?

Insurance product development is a specialized field involving designing and improving insurance policies, requiring skills in market analysis, actuarial science, and regulatory compliance. It offers opportunities for growth, collaboration with cross-functional teams, and can be a stable career path within the insurance industry.

What are the most commonly searched types of Insurance Product Development jobs in Illinois?

The most popular types of Insurance Product Development jobs in Illinois are:

What are popular job titles related to Insurance Product Development jobs in Illinois?

For Insurance Product Development jobs in Illinois, the most frequently searched job titles are:

What cities in Illinois are hiring for Insurance Product Development jobs?

Cities in Illinois with the most Insurance Product Development job openings:

Infographic showing various Insurance Product Development job openings in Illinois as of August 2026, with employment types broken down into 100% Full Time. Highlights an 95% In-person, and 5% Hybrid job distribution, with an average salary of $123,054 per year, or $59.2 per hour.

Product Development Lead

Momence, IL • On-site

$113K - $141K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 24 days ago


Job description

The Van Drunen Family of Companies is growing!

  • Schedule: Monday to Friday from 7 a.m. to 4:30 p.m.
  • Expected Pay Range: $97,500 - $118,000
  • Benefits Available: 2026-benefits-summary.pdf

Who We Are

At Van Drunen Farms, we're not just providing ingredients; we're providing people with purpose and possibility. As a trusted partner in delivering fruit, vegetable, herb, and grain-based ingredient solutions to companies around the globe, we're striving to build a values-aligned workforce that embodies humility, integrity, passion, and excellence.

What You'll Do

  • Lead the development and commercialization of new products from conception through launch, including formulation, trials, and technology transfer.
  • Serve as a technical expert in food science and ingredient functionality, providing guidance on formulation, processing, and performance.
  • Reformulate products to optimize nutrition, sensory quality, cost, safety, and manufacturing efficiency.
  • Manage multiple technical projects by defining scope, tracking milestones, and ensuring timelines and deliverables are met.
  • Collaborate cross-functionally with Sales, Operations, Quality, Engineering, and external partners to deliver customer-focused solutions.
  • Conduct sensory evaluations and analyze results to improve product performance, flavor, and texture.
  • Develop and maintain product specifications, documentation, and technical reports to support commercialization and compliance.

What You'll Bring

  • Bachelor's degree in food science, chemistry, biology, culinary science, or a related discipline.
  • Four or more years of experience in food manufacturing, product development, or food science.
  • Strong knowledge of formulation, sensory science, food chemistry, and ingredient functionality.
  • Experience designing and interpreting lab and plant trials with a data-driven approach.
  • Working knowledge of GMPs, HACCP, labeling requirements, and food safety standards.
  • Ability to manage multiple projects, solve complex problems, and communicate across technical and non-technical teams.
  • Strong collaboration skills with a customer-focused mindset and ability to translate needs into solutions.

What You Can Look Forward To

  • Medical, dental, vision, and life insurance.
  • Paid holidays and vacation.
  • Tuition assistance and 401(k) with company match.
  • Opportunity to lead innovation and product development across a growing global ingredient business.
  • Exposure to cross-functional teams, customers, and cutting-edge food technology.

Physical & Work Environment Requirements

  • Ability to sit, stand, walk, bend, and use hands for extended periods throughout the workday.
  • Ability to lift or move objects up to 50 pounds and navigate stairs, ramps, and ladders as needed.
  • Manual dexterity to operate a computer and handle documentation.
  • Ability to work in both office and production environments, including exposure to machinery and GMP requirements.
  • Must be able to work in varied environments including dusty, cold, hot, humid, or loud conditions.
  • Required use of personal protective equipment such as safety glasses, hearing protection, and closed-toe shoes.
  • The ideal candidate must be able to complete all physical requirements of the job with or without reasonable accommodation.

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and technical skills required of personnel so classified.

In the Van Drunen Family of Companies, commitment to excellence is in everything we do!As a global ingredient and nutritional supplement supplier to the world's best companies, we thrive on nourishing others with our products and our care for people. If you are looking to make an impact and grow with a family-friendly, values-driven company, you'll fit right in with the Van Drunen Family of Companies!

Our employees are the most valuable asset we have. The collective sum of the individual differences, life experiences, knowledge, creativity, innovation, unique capabilities and talent that our employees invest in their work represents a significant part of not only our culture, but our Company's achievement as well.

The Van Drunen Family of Companies is an Equal Opportunity Employer and prohibits discrimination and harassment of any type. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by federal, state, or local laws. This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

If you are an individual with a disability in need of assistance or an accommodation during the application process, please contact us at recruiting@vandrunen.com.

Van Drunen Family of Companies may use artificial intelligence ("AI") in its recruitment and hiring process. To the extent AI is used, Van Drunen Family of Companies ensures that its use does not result in discrimination against applicants on the basis of any protected class.

Van Drunen Family of Companies does not accept unsolicited resumes. Any resumes, CV's, and other unsolicited assistance from search firms that do not have a submitted request and written search agreement for a position-specific requisition will be deemed the sole property of Van Drunen Family of Companies and no fee will be paid in the event the candidate is hired by our Company.

Equal Opportunity Employer: Disability/Veteran