Product Development Analyst

Product Development Analyst

Hybrid role in St. Petersburg FL

Company Overview

At Vault we specialize in providing personal insurance for highly successful individuals and their families. As a fastgrowing disrupter Vault is fueled by a team inspired to protect our customers most prized possessions. When others say it cant be done Vaults unrivaled business model equips our underwriters with the ability to offer more coverage and customized solutions for the most exquisite homes automobiles and collectibles. Our inhouse risk managers are experts when it comes to understanding the unique intricacies of insuring successful customers ensuring proper coverage loss prevention and emergency preparations.

Why Choose Vault

Voted Best Places to work in Tampa Bay

An innovative openminded environment built on trust and empowerment

A diverse and inclusive organization where we value each individuals strengths and expertise

A team committed to charity and community involvement

Mentorship from the top minds in the industry

A forwardthinking team backed by cutting edge technology

AFinancial Strength rating by AM Best

Comprehensive benefits tailored to your lifestyle

Job Responsibilities include but are not limited to:

Conduct market research to identify opportunities for new products and enhancements to existing offerings.

Analyze data related to customer preferences market trends and competitive products.

Collaborate with product managers marketing teams and engineers to develop product specifications and requirements.

Support the product development process including prototyping testing and validation.

Monitor and report on product performance postlaunch providing insights and recommendations for improvements.

Assist in the preparation of product documentation including business cases feasibility studies and project plans.

Maintain strong relationships with internal stakeholders and external partners.

Ensure Personal Lines policy forms are accurate in compliance producing effectively and supporting our companys goal to offer a competitive coverage product to our members

Work closely with Actuarial Underwriting Marketing and Claims to develop forms product manuals product comparisons and product communications

Create and enhance the companys product including but not limited to forms manuals member policy package implementation of forms etc. to ensure competitiveness in the marketplace

Draft and prepare filings and responses to negotiate approval for form and rule filings with the Department of Insurance (DOI) and Office of Insurance Regulation (OIR) through to completion

Research primary competitors for opportunities for improvement

Interpret insurance forms statutes rules regulations develops conclusions and makes recommendations

Perform analysis of existing forms and manuals on a regularly schedule basis for effectiveness

Research and analyze external information sources to provide updated accurate competitive analysis including rates guidelines and forms coverage information

Compile analyze and report on product market trends to assist in determining product strategy

Consistently perform User Acceptance Testing for accuracy of enhancements and modifications of forms installations identify document and report discrepancies found

Perform all responsibilities using established department processes quality control procedures and checklists

Job Requirements include but are not limited to:

Bachelors degree in Business Marketing or a related field

57 years of P&C insurance experience preferably high net worth experience

2 years of experience in product development or a related field

Strong analytical and problemsolving skills

Excellent communication and collaboration skills

Ability to work independently and manage multiple projects simultaneously

Proficiency in Microsoft Office and project management tools

Benefits include but are not limited to:

Flexible Spending Accounts & Health Savings Accounts with company contributions

Company paid comprehensive life & disability insurance plans.

24/7 Telehealth Doctor Access Virtual wellness screenings Employee Assistance Programs

Company 401k retirement plan with Day 1 eligibility 5 company match 100 immediate vesting)

23 PTO days/yr 10 paid holidays... and so much more!

We believe diversity makes us better and we seek to create a workplace where all feel a sense of belonging.