Product Specialist
Product Specialist
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Essential Job Duties and Responsibilities:
- Monitor and assess impacts of statistical bureau (ISO/NAIC/AAIS/etc. loss costs and filings for application.
- Provide regular reporting and data analysis to product manager and business partners
- In partnership with actuarial staff monitor performance of product(s) and recommend changes to rates or contract terms and conditions.
- Lead the development of new agribusiness products coverages forms loss costs and other supporting information for the agribusiness division.
- Plan and prepare state filings.
- Research products for accuracy and compliance with state filings.
- Review new forms with Legal to assure regulatory compliance and that the language is clear and accomplishes the intent.
- Use competitive intelligence to develop new forms and analyze rate competitiveness
- Use competitive intelligence to perform coverage comparisons for Underwriting and Marketing
- Maintain product manuals
- Provide support to Product and Underwriting teams on underwriting appetite and guidelines.
- Interpret project requirements and create a plan to accomplish project goals in a timely manner.
- Develop specifications for Information Technology partners
- May participate or lead cross functional teams to complete key project work for the division.
- Identify obstacles within projects and seek solutions to remove them.
- Assemble teams to define and resolve project issues.
- Balance product commitments with production schedules.
- Working knowledge of provisions and endorsements for all Agribusiness product lines.
- Provide expertise and consultation to underwriting on products forms and compliance.
- Coordinate new product development with all necessary departments.
- Coordinate with Publishing for marketing materials
- Maintain current knowledge of procedures and policy provisions for all Agribusiness lines.
- Monitor insurance industry environment and trends.
- Assist with all other duties as assigned.
- Proactively builds and strengthens relationships with peers internal and external partners to support completion of ongoing assignments
- Participate in the training of underwriters sales managers and agents on coverages
Knowledge Skills and Abilities:
- Strong knowledge of statistical bureau (ISO/AAIS/NAIC/etc) rules loss costs forms and procedures.
- Expertise in rating forms and underwriting requirements for agribusiness lines of insurance.
- Ability to perform basic and complex mathematical calculations.
- Knowledge of and the ability to learn and use insurance industry and company terminology.
- Ability to utilize competitive intelligence in coverage and rate development as well as coverage comparisons to assist Underwriting and Marketing
- Strong communicator.
- Maintain positive business relationships with company personnel outside resources and customers.
- Knowledge of the operation of a personal computer and software including Isonet and Silverplume software.
- Strong Skills in Word Excel Outlook Access ISO Suite.
- Strong compliance knowledge.
- Expert problem solver.
- Initiative to resolve problems.
- Basic actuarial concepts.
- Strong organization and multitasking.
- Ability to remain calm and professional.
- Ability to maintain confidentiality.
- Ability to work well with people in a team environment.
- Ability to work from oral or written communication.
- Ability to work flexible hours as required.
- Ability to assist in other work related areas as required.
- Familiar with state filing procedures.
- Selfdirected: able to work independently with minimal supervision.
- Is approachable and builds trust at all levels.
Qualifications
B.A./B.S. degree required with a minimum of 5 years of work experience in property and casualty insurance field. A minimum of 1 year in a decision making role on a product line.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
