Product Development Analyst I- P&C

SUMMARY

Product Development Analyst I is responsible for the oversight and development of new and updated products, working closely with leaders from Underwriting, Claims, Compliance, General Counsel, and Corporate Underwriting.

This position assists the Manager of Product Development and Compliance in developing, maintaining, and reviewing bureau coverage forms and endorsements to provide Specialty Lines business units with access to quality policy language and products.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

1. Coordinating the Product Development process for Specialty Lines, including:

• Reviewing current policy forms and endorsements to analyze and identify unforeseen or unanticipated liabilities.
• Reviewing forms for new products to identify gaps and limitations in proposed policy language.
• Researching legal and statutory requirements by state for new and existing products.
• Maintains the historical record of Specialty Lines forms and collaborating with Corporate Underwriting to update and maintain the AF Group Forms Library for Specialty Lines.

2. Collaborating with Underwriting and Claims to ensure consistency in policy language and claim- 

handling. This includes:

• Working with Claims to ensure underwriters are kept apprised of potentially unforeseen or unanticipated liabilities due to policy form and endorsement language, as well as emerging claim and legal trends.
• Prepares draft forms and revisions for existing products and exposures for presentation to Leadership. 
• Communicating the publishing of new or updated policy forms and endorsements to floor underwriters.

3. Coordinating Underwriting compliance for all Specialty Lines, including:

• With Management, responding to the states regarding Underwriting and Compliance complaints.
• Reviewing bulletins and circulars from trade organizations and the states to assess for applicability to Specialty Lines products and processes and referring as necessary.

4. Keeping abreast of external industry developments, including in the legislative and judicial arenas. This includes: 

• Assisting in the review ISO, AAIS and other bureau-driven circulars and products. Referring recommended form and product changes to Management to align with AF Group’s strategic direction across Specialty Lines organizations.

5. Product Development and Product Compliance

• Reviewing recommended form and product changes to align with Specialty Lines strategic direction, recommend implementation options, and lead prioritization of coverage enhancements across the Division. 
• Preparing, monitoring, drafting, and obtaining regulatory approval of rates, rules, and forms utilized by admitted products within Specialty Lines.
• With Management, developing responses to objections to admitted products within Specialty Lines.

EDUCATION AND EXPERIENCE 

Relevant combination of education and experience may be considered in lieu of degree.

1. Bachelor’s degree required.
2. CPCU or ARM preferred.
3. Three (3) to five (5) years of experience in P&C Underwriting, Product Management, or Product Development required.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

OTHER SKILLS AND ABILITIES 

1. Extensive knowledge of insurance and underwriting environment across all lines of business (Casualty / Property – Admitted / Non-Admitted – Assigned Risk).
2. Ability to analyze and synthesize information for broad consumption.
3. Technical acumen and the ability to command technical content for various audiences.
4. Ability to effectively exchange information, in verbal or written form, by sharing ideas, reporting facts and other information, responding to questions, and employing active listening techniques.
5. Ability to work effectively in a team environment and individually.
6. Good communication (written and verbal), organizational, and planning skills.

ADDITIONAL INFORMATION 

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description does not constitute a contract for employment.

WORKING CONDITIONS 

Work is performed in office with minimal hazards. Travel may be required, with occasional overnight stay. Ability to lift and carry computer equipment weighing up to 35 lbs.  Driver's license is required. 

The qualifications listed above are intended to represent the minimum education, experience, skills, knowledge and ability levels associated with performing the duties and responsibilities contained in this job description. 

Pay Range - Actual compensation decision relies on the consideration of internal equity, candidate’s skills and professional experience, geographic location, market, and other potential factors. It is not standard practice for an offer to be at or near the top of the range, and therefore a reasonable estimate for this role is between $56,700 and $94,900.

We are an Equal Opportunity Employer.  We will not tolerate discrimination or harassment in any form. Candidates for the position stated above are hired on an "at will" basis. Nothing herein is intended to create a contract. 

#LI-TM1 #CIG

Salary : $56,700 - $94,900