What are the responsibilities and job description for the Product Analyst position at Berkley?
Company Details
Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States. Berkley Regional Shared Services is the service provider for the Regional Segment of W. R. Berkley Corporation.
Along the way, we’ve been listed on the New York Stock Exchange, become a Fortune 500 Company, joined the S&P 500, and seen our gross written premiums exceed $10 billion.
Today the Berkley brand comprises more than 50 businesses worldwide and is divided into two segments: Insurance and Reinsurance & Monoline Excess. Led by our Executive Chairman, founder and largest shareholder, William. R. Berkley and our President and Chief Executive Officer, W. Robert Berkley, Jr., W.R. Berkley Corporation is well-positioned to respond to opportunities for future growth.
This role can be based in one of the following offices:
Urbandale, IA
Irving, TX
Westbrook, ME
Glen Allen, VA
We offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.
The company is an equal opportunity employer. #LI-LD1 #LI-HYBRID
Responsibilities
As a Product Analyst, you'll be assigned lines of business focused on the creation, development, management and alignment of business insurance products on behalf of 6 decentralized business units by the Product Manager. Providing commercial lines subject matter expertise and development activities with various stakeholders, including underwriting, actuary, regulatory filing, information technology and compliance is another area of responsibility.
You'll interact with external commercial lines entities, including Verisk and state bureaus and insurance
departments. This work results in products with common terminology across the Regional footprint to enhance customer experience, build efficiency of form maintenance and support compliance and system maintenance.
What you can expect:
- Culture of innovation, teamwork, supportive colleagues, and leaders willing to invest in talent.
- Internal mobility opportunities.
- Visibility to senior leaders and partnership with cross functional teams.
- Opportunity to impact change.
- Benefits – competitive compensation, paid time off, comprehensive wellness benefits and programs, employer funded health savings account, profit sharing, 401k, paid parental leave, employee stock purchase plan, tuition assistance and professional continuing education.
We'll count on you to:
Review current forms and collaborate with other members of the product team to rewrite identified opportunities for alignment.
Develop new products for the Regional Segment companies to maintain competitive edge.
Collaborate with product team to standardize proprietary forms with state specific complementary forms.
Assess contingencies and dependencies between forms as part of the review and revision process.
Rewrite forms for compliance with underwriting intent while reducing total number of forms where possible.
Collaborate with Regional company stakeholders to ensure that all proposed form changes support the needs of each regional company.
Qualifications
- 8 years of Underwriting experience including 5 years of product experience including GL, CP Auto or Ex/Umb.
- Knowledge and experience implementing State specific requirements where needed.
- Previous experience writing forms preferred.
- Knowledge of underwriting guidelines in a Regional OU context preferred
- CPCU preferred.
- Direct experience creating and formatting coverage forms.
- Advanced-level knowledge of insurance products/coverage.
- Strong project management skills.
- Must have strong interpersonal skills, business acumen, and sound business judgment and be capable of effectively communicating with a diverse range of individuals and teams.
- Strong aptitude for analyzing and interpreting information.
- Ability to consistently demonstrate the WRBC Core Competencies and Innovation Behaviors.
- Bachelor’s Degree in relevant discipline or equivalent combination of education and experience.
Additional Company Details
We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.Sponsorship Details
Sponsorship not Offered for this Role
