Senior Product Analyst

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.


* Assist in 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 assist in the development of 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.


* Basic 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.


* Proactively builds and strengthens relationships with peers, internal and external partners to support completion of ongoing assignments


* Assist with all other duties as assigned.

Knowledge, Skills, and Abilities


* Strong knowledge of statistical bureau (ISO/AAIS/NAIC/etc.) rules, loss costs, forms, and procedures.


* Strong knowledge of 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


* Effective communicator.


* Ability to effectively communicate and maintain positive business relationships with company personnel, outsi...