Insurance Product Research & Development Analyst

Ontario Mutual Insurance Association; Cambridge; On-site; CAD 75,000 - 90,000; Full time

Job summary

An established insurance association in Cambridge, Ontario, is seeking an Insurance Product Research & Development Analyst. This full-time role involves collaboration on insurance projects, creating product documentation, and conducting market research. Ideal candidates have 7+ years in the P&C insurance industry and strong project management skills. The position is hybrid with a focus on a balanced work environment and offers competitive benefits.

Benefits

Fitness centre

Wellness programs

Community events

Qualifications

• 7+ years’ experience in the P&C insurance industry.
• Experience with policy/contract wordings and project management.
• Ability to work independently and in teams.

Responsibilities

• Work on various insurance-related projects.
• Create and maintain insurance forms and guidelines.
• Conduct market research on industry trends.
• Assist members with risk assessments and business needs.

Skills

Project management

Written and oral communication

Microsoft Office 365 proficiency

Customer satisfaction focus

Problem-solving skills

Education

Post secondary education (College Diploma or University Degree)

Chartered Insurance Professional (CIP) Designation

Commercial Insurance Certificate

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

Overview

Are you an insurance professional looking for a new challenge?

Join the OMIA team as an Insurance Product Research & Development Analyst.

The Insurance Product Research & Development Analyst will report to, and work closely with, our Manager of Product Research & Development. The role requires collaboration with other colleagues and stakeholders on a variety of projects and tasks with a special focus on the OMIA policy coverage wording library and related business documents and publications.

Experience

• Approximately 7+ years’ experience in the P&C insurance industry in either underwriting, claims adjusting, risk assessment, or on the broker / agent side.
• Experience with policy / contract wordings, customer service (internal & external), and project management.

Skills, Knowledge, and Personal Competencies

Your skills include the ability to :

• Work independently as well as in a team environment to meet project deadlines
• Demonstrate excellent project management skills to manage multiple projects simultaneously
• Consistently demonstrate personal initiative and willingness to learn
• Demonstrate consistent problem-solving skills
• Prioritize customer satisfaction
• Demonstrate diligence and accuracy while working on policy wordings, contracts, and other supporting business documents
• Create, deliver, and facilitate professional presentations and training / information sessions related to products or other strategic initiatives
• Excellent written and oral communication skills
• Prioritize, be flexible, and work efficiently and effectively in a fast-paced work environment
• Effectively use Microsoft Office 365 products at an intermediate level (i.e. Word, Excel, Outlook, PowerPoint, Teams, SharePoint, Forms)

Responsibilities

• Working on various projects related to all lines of insurance in the P&C industry (with a special focus on farm and commercial risk exposures)
• Creating, developing, and maintaining insurance forms, wordings, and accompanying risk selection / underwriting guidelines or other publications for use which impact OMIA member and stakeholder organizations
• Conducting market research and analysis on industry trends
• Assisting member companies to assess risk appetites, business needs, and product offerings
• Providing customer service (via all communication methods) and acting as a liaison with members and other various stakeholders
• Interacting with various departments internally and externally such as: Underwriting, Sales, Marketing, Claims professionals, Loss Prevention, Distributors, Policy administration systems vendors, reinsurers, and more
• Staying current on industry trends to help provide information, tools, and / or services to Member companies
• Communicating and responding efficiently and effectively to member company and stakeholder inquiries and providing support daily or as needed

Education

In considering candidates, the following educational background or equivalent employment experience will be of benefit.

• Post secondary education (College Diploma or University Degree)
• Chartered Insurance Professional (CIP) Designation
• FCIP
• Commercial Insurance Certificate (Insurance Institute of Canada)
• Canadian Risk Management Certificate

Environment & Travel

• General Office, hybrid working environment
• Some travel will be required (up to 5 days annually). Occasional overnight travel may be required.

Why Choose OMIA?

You will join our team of 30 staff at our modern LEED certified office located close to the 401 in Cambridge, Ontario. Our workplace includes a large fitness centre, reflection / prayer room, nursing / pumping station, and outdoor walking paths. Our positive workplace supports a balanced, healthy, and family oriented lifestyle.

The work week consists of 5 days per week, Monday to Friday. We are currently hybrid with 2 to 3 days in the office; however, this is subject to change in the future.

You will have a chance to participate in and get involved with initiatives including wellness programs (in-house and online), green team projects, community and charitable events, and an opportunity for a hybrid work arrangement.

Enjoy a great working environment and competitive salary and benefits.

The Ontario Mutual Insurance Association (OMIA) is the overarching trade association for 34 independent mutual insurance companies across Ontario. Each mutual is 100% Canadian and owned by its policyholders, and each is more than a century old.

OMIA’s function is to share resources, discuss issues of common concern, and explore opportunities for growth and development among our member companies. At OMIA we enable our member companies to achieve and maintain a high level of excellence, by providing leadership through education, training, marketing, and support services. As a result, Ontario Mutuals™ are among the most financially secure insurance networks in the world.

www.omia.com | www.ontariomutuals.ca