Product Development Analyst

About the position

The Product Development Analyst position is responsible for supporting Product Development staff members in their administration of the tasks/processes required to develop, file and implement insurance products used by the Programs Division. This role is an opportunity to grow your skills and experience as a valued member of the team.

Responsibilities

• Support Product Development Managers on various product and filings related tasks.
• Serve as a liaison between the Programs team, and between the Programs staff, the State Filings Department, and the Program Administrator.
• Handle administrative and technical aspects of the product development and state filings processes.
• Format policy forms/endorsements, assign form numbers/edition dates, etc.
• Perform simple forms drafting such as State amendatory endorsements.
• Assist with the development of form/rate/rule manuals.
• Provide filings preparation support including completion of related transmission documentation.
• Perform product and related compliance maintenance.
• Provide support for the manuscript endorsement request/development process.
• Update and maintain product library, forms lists, product form/rate/rule manuals, product repositories.
• Track progress of filing approvals and respond to requests for filing status and copies of forms and/or filings.
• Support requests for competitive analysis, and product and filing research for Program Managers, Product Line Officers, Actuarial, Systems and other Stakeholders.
• Resolve product and filings discrepancies.
• Upload completed filings to AIG Programs external website and internal SharePoint repository.
• Assist with systems implementation of products.
• Assist with product inquiries on Market Conduct Exams.
• Align with Product Development staff members to further expertise in insurance product development and filing processes.
• Handle additional ad-hoc requests and special projects as requested by VP of Product Development.

Requirements

• 5+ years of relevant experience in insurance industry.
• Experience in Commercial Lines property/casualty insurance products.
• Working knowledge of ISO Commercial Lines and AAIS products, package policy structure, and Programs business.
• Bachelor's degree and insurance designations (CPCU, AU, ARM, etc.) preferred, will consider applicable insurance experience in lieu of degree.
• Proficiency in Microsoft Office applications - Word, Excel, PowerPoint, etc.
• Proficiency in SharePoint.
• Strong research skills, including use of AM Best State Filings, RateFilings.com, SERFF, etc.
• Effective oral and written communication skills.
• Excellent organizational and project management skills.

Benefits

• Base salary range for Jersey City, NJ: $76,000-$102,000.
• Base salary range for NYC: $70,000-$95,000.
• Eligible for a bonus in accordance with the terms of the applicable incentive plan.
• Comprehensive benefits package focused on health, wellbeing, financial security, and professional development.