Product Development Analyst

Company Overview

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.

MSIG USA continues to grow!

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.

The Product Development Analyst sits on the Product Development team and is responsible for authoring the business requirements for commercial insurance products including forms, rules, and rating plans and handing those requirements off to Technology for coding and implementation across the company’s various policy administration systems. The analyst partners with product owners, underwriting, actuarial, state filings, and compliance to define what needs to be built, documents it in clear and testable business requirements, and serves as the business point of contact throughout the build, test, and release cycle.

The analyst does not code; rather, the role owns the “what” and the “why,” translating product and regulatory intent into specifications that IT and third-party vendors can act on with minimal ambiguity. The role also monitors bureau circulars and state regulatory bulletins so that product requirements keep pace with regulatory change. This is an individual contributor position.

• Business Requirement Development:
  Partner with product owners, underwriting, actuarial, and state filings to capture product intent and translate it into clear, detailed business requirements for commercial insurance products.
• Forms, Rules & Rating Specifications:
  Document form attachment/inference conditions, static versus dynamic (variable-data) forms, dynamic data fields, business rules, and rating logic by writing company and state, so that Technology has an unambiguous specification to build from.
• Requirements Documentation & Standards:
  Develop and maintain requirements using standardized templates and formats keeping documentation current, version-controlled, and consistent across products.
• Product Scoping:
  Complete initial scoping documents estimating form counts, variable/dynamic-data scope, rating impacts, states, and writing companies to provide Technology enough information for early effort sizing before full requirements are finalized.
• Requirements Hand-off:
  Package and hand off finalized business requirements to internal and external Technology teams and third-party vendors for coding and implementation across the various policy administration systems (e.g., Product Decisions/iCenter, Policy Center, Solartis, NAPA, and the Underwriting Workbench).
• Business Point of Contact:
  Serve as the business liaison to Technology throughout the build, answering questions, clarifying intent, resolving requirements related issues, and confirming that what is built matches what was specified without stepping into system design or configuration.
• Acceptance Validation:
  As needed, review delivered functionality and support user acceptance testing to validate that forms behave as documented in the requirements.
• Circular & Bulletin Monitoring:
  Monitor bureau circulars (e.g., AAIS/ISO/NCCI) to determine company action and translate…