FBS Product Development Specialist (Insurance Experience)

Capgemini; United States; Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Flexible work arrangements (remote and

Private Health Insurance

Paid Time Off

Training & Development opportunities

Job summary

Capgemini, partnering with Farmers' Farmer Business Services, seeks a professional to design, implement, and monitor product features and pricing initiatives across the nation. The role involves data analysis, reporting, and collaborating with IT to translate business needs into system changes.

Responsibilities include researching new personal lines insurance products, coordinating with underwriting and actuarial teams, and supporting the product division with training materials and

Qualifications

• Experience with data analysis and reporting using Excel/Power BI.
• Familiarity with insurance product development and pricing concepts.

Responsibilities

• Conducts research involving the development of new personal lines insurance products or programs that are to be underwritten by the company; coordinates with Underwriting, Actuarial, Claims and Marketing to develop recommendations on new personal lines insurance products for which no current FIG products exist.
• Cooperates closely with other departments in the joint completion of assignments, the orderly progression of assignments from research to conclusion and the avoidance of duplicated efforts.
• Controls product research activities that include making coverage comparisons with other companies and analyzing the need for a new product as well as researching state and federal laws regulating products that have been recommended.
• Originates and suggests appropriate areas for research and develops proposals and presentations for Senior Management review for changes to our existing product line.
• Participates in joint research projects with other Home Office departments.
• Establishes and maintains a training manual for the product division.
• Also establishes and maintains research and reference material files related to newly created personal lines insurance products that originate in the product division of Personal Lines Product Development.
• Assists the Sales/Agencies Departments in the development and preparation of material interpreting or explaining newly created personal lines insurance products.
• Provides support for the computer system in product division and recommends and maintains current software to meet the needs of the division. Maintains contact with various organizations and individuals beneficial to research activities.

Tools

Excel

Power BI

Data Warehouses

Microsoft Suite

Job description

FBS – Farmer Business Services is part of Farmers operations with the purpose of building a global approach to identifying, recruiting, hiring, and retaining top talent. By combining international reach with US expertise, we build diverse and high-performing teams that are equipped to thrive in today’s competitive marketplace.

We believe that the foundation of every successful business lies in having the right people with the right skills. That is where we come in—helping Farmers build a winning team that delivers consistent and sustainable results.

Since we don’t have a local legal entity, we’ve partnered with Capgemini, which acts as the Employer of Record. Capgemini is responsible for managing local payroll and benefits.

What to expect on your journey with us:

• A solid and innovative company with a strong market presence

• A dynamic, diverse, and multicultural work environment

• Leaders with deep market knowledge and strategic vision

• Continuous learning and development

Summary:

Responsible for design, implementation, and monitoring of assigned product features. Development of countrywide Property product pricing and contract changes. Data Analysis and reporting Participates in development of national product initiatives. Represents enterprise Product team on state, regional and national projects. Takes leadership role in special projects as assigned. Post monitoring of strategic initiatives. Stays abreast of industry developments. Collaborates with other parts of the organization to accomplish results. Responsible for providing business requirements to IT for system changes.

Responsibilities:

• Conducts research involving the development of new personal lines insurance products or programs that are to be underwritten by the company; coordinates with Underwriting, Actuarial, Claims and Marketing to develop recommendations on new personal lines insurance products for which no current FIG products exist.
• Cooperates closely with other departments in the joint completion of assignments, the orderly progression of assignments from research to conclusion and the avoidance of duplicated efforts.
• Controls product research activities that include making coverage comparisons with other companies and analyzing the need for a new product as well as researching state and federal laws regulating products that have been recommended.
• Originates and suggests appropriate areas for research and develops proposals and presentations for Senior Management review for changes to our existing product line.
• Participates in joint research projects with other Home Office departments.
• Establishes and maintains a training manual for the product division.
• Also establishes and maintains research and reference material files related to newly created personal lines insurance products that originate in the product division of Personal Lines Product Development.
• Assists the Sales/Agencies Departments in the development and preparation of material interpreting or explaining newly created personal lines insurance products.
• Provides support for the computer system in product division and recommends and maintains current software to meet the needs of the division. Maintains contact with various organizations and individuals beneficial to research activities.

Tools:

• Data Tools- Excel, Power BI, Data Warehouses - Intermediate (4-6 Years)
  Microsoft Suite - Intermediate (4-6 Years)

This position comes with a competitive compensation and benefits package.

• A competitive salary and performance-based bonuses.

• Comprehensive benefits package.

• Flexible work arrangements (remote and/or office-based).

• You will also enjoy a dynamic and inclusive work culture within a globally renowned group.

• Private Health Insurance.

• Paid Time Off.

• Training & Development opportunities in partnership with renowned companies.