Commercial Insurance Product Analyst- Hybrid

Great American Insurance; Richfield Township (OH); Hybrid; USD 85,000 - 110,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) plan with company match

Paid time off and holidays

Job summary

NIIC National Interstate Insurance Company seeks a Product Analyst to join their team. The role offers a hybrid schedule with on-site four days a week from the Richfield office and one remote day, focused on developing new products, researching market trends, and collaborating with underwriting and actuarial teams to design competitive insurance solutions.

The ideal candidate will have a Bachelor's degree in a related field and at least 3 years of underwriting or product experience, with strong

Qualifications

• Bachelor's Degree in Finance, Economics, Business, or related field or equivalent experience.
• Minimum of 3 years of related underwriting or product experience.
• Proficiency in interpreting competitive data and industry trends.

Responsibilities

• Participates in developing new products and/or solutions to enhance premium volume growth and ensure competitiveness and profitability of existing products.
• Conducts market research to identify trends, opportunities, and competitive landscape.
• Collaborates with underwriting, actuarial, and claims teams to design insurance solutions, pricing strategies, and policy language.
• Analyzes market data and customer feedback to identify opportunities for product enhancements and new product development.
• Participates in developing and executing product strategies and roadmaps to achieve business goals, including SWOT analysis.

Skills

Strong analytical skills

Strong communication skills

Relationship building

Education

Bachelor's degree in Finance, Economics, Business

Job description

National Interstate is a member of Great American Insurance Group. As one of the leading commercial transportation insurers in the nation, we offer risk financing solutions in all 50 states tailored to meet the needs of a wide variety of transportation classes. Our offerings include traditional insurance and innovative alternative risk transfer (ART) programs, including more than a dozen group captive programs catering to niche wheels markets. We are proud to be a multiple Northcoast 99 winner and Cleveland Plain Dealer Top Workplace in Northeast Ohio. It is because of our talented and dedicated team that we are able to live out our company values of integrity, transparency, fairness, accountability, empowerment and collaboration with each transaction we make.

At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.

This position is not eligible for employment visa sponsorship. Applicants must be authorized to work in the United States without the need for current or future sponsorship.

Since 1989, National Interstate has specialized in serving the insurance needs of the wheels-based transportation industry. Our steadfast focus on developing niche expertise in product design, loss control and claim services has made National Interstate one of the most respected names in commercial transportation insurance today. ( https://natl.com/ )

National Interstate is looking for a Product Analyst to join their team. This individual will work a hybrid schedule out of the Richfield office.

National Interstate's culture is built on connection, shared learning, and strong relationships. To support this, employees in this role are expected to be on-site four days a week, with the flexibility to work one day remotely. Core in-office days are Tuesday-Thursday, with the fourth day determined by business needs.

Essential Job Functions and Responsibilities

• Participates in developing new products and/or solutions to enhance premium volume growth and ensures the competitiveness and profitability of existing products.
• Conducts market research to identify trends, opportunities, and competitive landscape.
• Collaborates with underwriting, actuarial, and claims teams to assist in designing innovative insurance solutions and developing product specifications, pricing strategies, and policy language.
• Analyzes market data and customer feedback to identify opportunities for product enhancements and improvements and new product development.
• Participates in developing and executing product strategies and roadmaps to achieve business goals. Participates in conducting SWOT analysis to evaluate product strengths, weaknesses, opportunities, and threats.
• Participates in developing product and rate revisions, underwriting guidelines, manuals, and procedures.
• Works with marketing, business development, and insurance operations teams to ensure successful product launches and ongoing product support.
• May participate in developing and presenting trainings regarding new products and product changes to internal teams and agents.
• Performs other duties as assigned.

Job Requirements

Education: Bachelor's Degree in Finance, Economics, Business, or a related field or equivalent experience.

Experience: Generally, a minimum of 3 years of related underwriting or product experience. Beginning or continuing progress toward a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), Associate of Risk Management (ARM), Certified Licensing Professional (CLP) or other applicable designations.

Scope of Job/Qualifications: Strong technical knowledge of insurance products and lines of business. Develops and maintains knowledge of industry laws and regulations. Proficiency in interpreting competitive data and industry trends. Strong analytical skills with the ability to use data to inform decisions. Demonstrated decision-making ability and customer-centric mindset. Demonstrates strong communication skills and ability to build relationships. Position may require occasional travel.

This job is non-exempt in Washington.

Company:

NIIC National Interstate Insurance Company

Benefits:

We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.

Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers .

*Excludes seasonal employees and interns.

Requisition #: R9756