As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions. Job Description We are seeking a Product Development Analyst to support our Product Development team in our Florham Park, NJ or New York, NY office. As a Product Development Analyst, you will promote Sompo’s compliance by handling tasks to assure the company’s policy rating and issuance system (here in after referred to as “System”) accurately reflects the approved rates, rules, and forms for admitted lines of business. You will work closely with IT, State Filings, Product Line Managers, and System users to apply knowledge of the industry’s regulatory landscape and underwriting to support efficient implementation of System updates. Responsibilities: Submit rate, rule and form changes for System programming for existing product updates Analyze new forms and policy output documents to achieve proper System functionality and compliance Develop and submit business rules for programming rate changes and enhancements Support IT Business System Analysts, Development, and Quality Assurance teams to implement submitted changes Conduct quality control reviews to ensure system implementation is in compliance with regulatory requirements Research and provide resolutions for system issues raised by users and auditors Maintain departmental documentation of System requests Participate in the development of IT requirements for implementations of new products Develop and maintain tools to support manual policy issuance as needed Participate during meetings for line of business regulatory monitoring and proprietary enhancement implementations Qualifications: 3 - 5 years of experience in the insurance industry in policy, regulatory or insurance analytics Experience in commercial Property and Casualty lines insurance products and policy construction Knowledgeable in commercial rating worksheets and policy output Understanding of state filing and regulatory maintenance processes Ability to effectively communicate information and ideas with strong organizational skillsets Technical proficiency in Microsoft Office Suite (Word, Excel, SharePoint); knowledge with SERFF a plus Associate or Bachelor’s degree preferred Salary Range: $75,000 - $125,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience. Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience. At Sompo International, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees. Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance. We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs: Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution Pharmacy benefits with mail order options Dental benefits including orthodontia benefits for adults and children Vision benefits Health Care & Dependent Care Flexible Spending Accounts Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children Company-paid Disability benefits with very competitive salary continuation payments 401(k) Retirement Savings Plan with competitive employer contributions Competitive paid-time-off programs, including company-paid holidays Competitive Parental Leave Benefits & Adoption Assistance program Employee Assistance Program Tax-Free Commuter Benefit Tuition Reimbursement & Professional Qualification benefits Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V Visit our website at www.sompo-intl.com Sompo International is a global specialty provider of property and casualty insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., UK, Continental Europe and Asia. Our commitment to integrity, teamwork, agility, execution and excellence define our culture. As we continue to grow, we strive to find talented, creative and driven professionals to join our diverse workforce. We offer a broad range of career opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our approach to our business partners and colleagues is embodied within our strong core values. We are committed to maintaining excellent financial strength, industry-leading risk management practices and fully-accountable and engaged employees. We place a high value on community involvement, giving back to our local communities and support like-minded organizations and associations. Learn more About Sompo International