Property & Casualty Product Analyst

The Product Analyst will support the Homeowners and Condo (HO3 and HO6) Forms and Compliance team by designing, reviewing, and optimizing organizational documents and data collection tools while ensuring strict adherence to industry regulations, federal/state laws, and internal guidelines. This includes evaluating new products, endorsements, and services within the product pipeline. Under general supervision and according to established guidelines, utilize strategic analysis of market trends and business opportunities to develop and implement new products, as well as maintain current products, that lead to growth and profits consistent with the Company’s future strategic plan.

As the Product Analyst, you will be required to have a team player mentality. In addition, strong communication, project management, research, organizational, and analytical problem-solving skills are essential.

What will be my duties and responsibilities in this job?

Ensure integrity of existing products by serving as a team member on channel-driven product enhancement projects.

Assist in researching business ideas, market opportunities, or trends that lead to new product ideas. Assist in an effort to analyze the financial potential of new product ideas.

Define and develop new product features and market positioning based on customer need and competitive environment.

Create, update, and manage paper and electronic documents based on organizational requirements.

Audit existing form databases to eliminate redundancies and maintain version controls.

Identify opportunities for process improvements and contribute to implementing best practices within the team.

Develop quality standards, administration, and policy language for new products.

Develop and present business plans and justification for new business opportunities/new products.

Collaborate with internal teams for effective implementation of new and revised products.

Analyze testing of new products and existing product enhancements to ensure the product maintains positioning and profitability.

Keep up with the latest industry and consumer trends by attending educational workshops, reviewing professional publications, Internet research, establishing personal networks, and/or participating in professional societies.

Provide new thought direction and expertise to channels and client teams by attending brainstorming sessions for marketing, product enhancements or new product ideas.

Assist the client teams by attending client presentations as product experts when necessary.

Assist with internal and external compliance inquiries from research to implementation.

Other support and duties as assigned

Identify procedural compliance gaps and recommend clear solutions to management.

What are the requirements needed for this position?

A minimum of 2 years of experience in an Homeowners or Condo insurance Product Analyst capacity.

Level of knowledge ordinarily acquired through completion of a bachelor’s degree or equivalent work experience.

Strong planning, organizational, and analyzing skills.

Proven proficiency utilizing Microsoft Word and Excel.

What other skills/experience would be helpful to have?

Bachelor’s, master's degree or P&C Insurance Institute Designation i.e.. AINS, CPCU, ARM, etc. or license.

Must have some understanding of the Property Casualty Insurance Industry, such as coverages and products.
3 years of working in the Property & Casualty insurance industry.

Project management  analytical skills, including Excel software.

Ability to analyze rates and policy language.

Strong decision-making ability.#LIRemote

Pay Range:$64,900.00 - $Any posted pay range considers a wide range of compensation factors, including candidate background, experience and work location, while also allowing for salary growth within the position.

If there is no posting end date listed then this is a pipeline requisition, and we will continue to collect applications on an ongoing basis.

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