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Job ID:
R19732 Product Development Analyst Specialty Lines (Open to Remote) (Open)
Summary:
Responsible for product development work streams for a specific line of business (LOB), from ideation through post-launch assessment and support. Identifies opportunities to better serve customer needs in the marketplace. Develops evidence-based business cases demonstrating the value of new product solutions to customers, sales agents, and the business overall. Designs, builds, and launches new product solutions in collaboration with business partners. Helps monitor and analyze performance of product solutions to assess need for iteration. Responsible for the development of underwriting policies, guidelines, procedures, and processes for new products in the LOB. Responsible for communicating underwriting intent for new product development. Collaborates with Personal Lines Pricing Development on new product design and enhancements to current products. Provides research and interpretation of statutes, case law, and regulations necessary for the introduction of new products, product enhancements and underwriting guidelines.
Also responsible for product support and implementation work streams. Serves as a resource for key business partners on a wide variety of product support areas including: reference manuals, advertising, education and sales materials, product and rate plan procedures, internal and external communications.
The specialty product portfolio includes insurance and risk management solutions related to motorcycle, watercraft, recreational vehicle (RV), ATV/UTV, snowmobile, collector car, other non-auto vehicles, and personal umbrella.
Job Description:
**Work from home opportunity
**Open to hiring at an Analyst or Senior Analyst level
Primary Accountabilities
* Develops, analyzes and monitors LOB product information relative to market potential, competition, products, loss experience, and potential profitability of market segments.
* Monitors and analyzes the Personal Lines book of business for line area of accountability against financial & growth plans, and corporate, divisional, and departmental Initiatives.
* Collaborates with business partners to implement and maintain new products and enhancements to existing products.
* Collaborate with business partners to integrate the LOB product strategy with state-specific product strategies and the planning and operational efforts of the functional divisions.
* Reviews and interprets statutes and case law and researches industry language necessary for the introduction of policy forms needed for state expansion and new products and product enhancements.
* Develops new language for contracts, forms and endorsements and collaborates with all corporate stakeholders.
* Maintains business rules documentation and reviews requirements as needed for existing products.
* Assists in the development and support of the communications, training materials, education and launch efforts for assigned products.
LI - CP1
LI - remote
IndeedRemote
Travel Requirements
* Travel is required up to 5% of the time.
Specialized Knowledge and Skills Requirements
* Demonstrated experience providing customer-driven solutions, support or service.
* Demonstrated experience developing underwriting guidelines and procedures.
* Solid knowledge and understanding of Property and Casualty Insurance product design and underwriting concepts.
* Demonstrated experience in project management methodologies, practices, techniques and tools.
* Solid knowledge and understanding of market research and marketplace trends in insurance coverage.
Additional Job Information:
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Madison, WI
American Family Insurance, also abbreviated as AmFam, is an American private mutual company that focuses on property, casualty, and auto insurance, and also offers commercial insurance, life, health, and homeowners coverage as well as investment and retirement-planning products. A Fortune 500 company, its revenues were over $9.5 billion in 2017.
It should not be confused with American Family Home Insurance Company, a subsidiary of Munich Re subsidiary American Modern Insurance Group, Inc., or American Family Life Assurance Company of Columbus.