Product Development Analyst

Company Details

 

Berkley One exists to insure and protect the lifestyles of a modern generation of affluence. We seek clients that are sophisticated individuals and families who require world-class risk and claims management customized to their needs, a team of select expert independent agents and innovative digital tools to keep it simple and easy. We’ll blend our partners, products and capabilities with all that is Berkley, generating a modern solution for the customers we serve.

 

Our culture is one of innovation, creativity and teamwork. Our team is highly motivated, passionate about our business, and deeply experienced in developing and delivering product and service solutions in the personal insurance marketplace.

 

This role will be based in our Morristown, NJ or NYC (midtown) office.  We offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.

#LI-AV1 #LI-HYBRID

The company is an equal opportunity employer.

Responsibilities

As a Insurance Product Management Analyst, you will support new product development and management of existing products while working closely with Product Managers, Legal, IT, Analytics, Underwriting and Marketing departments to ensure coordinated product releases, maintain competitive and compliant policy forms, rates and rules, and enable strategic product initiatives through data analysis and critical thinking. You'll use your analytical skills to design data-driven solutions to business problems and drive profitable growth. 

 

This role would be well suited to candidates with experience working as a Claims Analyst, Underwriting Associate, Actuarial, or have general insurance knowledge looking to transition into a career in Product Management. This is NOT an technology job.  

 

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:

• Compile and analyze state and industry research and competitor data to inform strategic adjustments, including form, rate and rule reviews, new product development and modifications in underwriting appetite
• Collaborate with Product Managers to create comprehensive line of business plans for rate and coverage considerations
• Support the product development life cycle from forms drafting, to preparing filing documents and responding to objections, through implementation and post launch review
• Coordinate with IT on product requirements and conduct UAT on behalf of business stakeholders
• Collaborate with colleagues across the organization to ensure alignment across forms, rates, rules and internal systems as well as external and internal communications
• Respond to form and rate related questions, providing guidance to underwriting and other internal business personnel  
• Compile and analyze company results and product KPIs in preparation for product strategy reviews
• Actively participate in Berkley One Innovation, collaborating with colleagues across the portfolio team around how we can improve our processes and the overall performance of the portfolio

Qualifications

• Bachelor's Degree or equivalent experience
• 2 years of insurance industry experience
• Familiarity with insurance contract design (e.g., ISO) and with pricing and actuarial concepts desired (will train)
• Experience working in a mathematical or analytical role 
• Empathy and understanding of the needs of customers, both insureds and their agents alike; an excellent, pro-active advocate for Berkley One customers who is passionate about their brand and coverage experience
• Exceptional oral and written communication skills with a communication style that is flexible to the situation; able to communicate clearly and with purpose
• A strong attention to detail and ability to juggle competing priorities
• Strong analytical and problem-solving skills
• A strong sense of accountability, resourcefulness, fun and adventure
• A strong customer service bias, known for your responsiveness
• Natural curiosity, a love of learning how things work and always looking for innovative improvements
• Proficient in Microsoft Office Suite of products (Word, PowerPoint, Excel)

Additional Company Details

We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees including: • Base Salary Range: $80,000 - $90,000 • Eligible to participate in annual discretionary bonus • Benefits include: Health, dental, vision, dental, life, disability, wellness, paid time off, 401(k) and profit-sharing plans 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

Salary : $80,000 - $90,000