Forms and Product Analyst

First Chicago Insurance Company; Chicago (IL); On-site; USD 70,000 - 80,000; Full time

Benefits offered by this job

Competitive salaries

Training & development

Job summary

First Chicago Insurance Company seeks a Forms & Product Analyst to support the Product team by creating and maintaining policy forms and collaborating on new product initiatives.

The role involves researching forms, endorsments, and manuals, reviewing regulatory changes, and working with IT to implement system enhancements. Strong communication, detail orientation, and independent work are essential.

Qualifications

• Bachelor's degree required.
• P&C insurance experience preferred but not required.
• Excellent verbal and written communication skills.
• Proficiency in Word and Excel.
• Strong attention to detail.
• Able to adapt to changing priorities.
• Strong problem solving and time management.
• Able to work independently and drive results.
• Must be able to work in U.S. without sponsorship.

Responsibilities

• Plan, implement, manage, and/or contribute to projects up to a moderate complexity.
• Research, develop, and maintain coverage forms, endorsements, and manuals for existing products.
• Review daily releases regarding regulatory changes and market alerts, acting on impact.
• Contribute to and maintain department forms repository.
• Conduct research, perform basic market analysis and observations on target markets.
• Analyze competitor product features and contract language.
• Collaborate with departments to create and develop forms for new products.
• Assist in form and rule filings for state regulatory requirements and respond to objections.
• Serve as SME for internal questions on enhancements and filings.
• Work with IT to implement system changes and verify implementation.
• Evaluate internal/external processes and procedures.
• Build strong team relationships to meet project objectives.
• Handle special ad hoc projects, analysis, and reporting.
• Report to the Associate Forms & Product Manager.

Skills

Communication skills

Attention to detail

Time management

Independent work

Project management

Education

Bachelor's degree

Tools

Microsoft Word

Microsoft Excel

Job description

The Product & Actuarial Analysis Department designs, develops and launches new products and product enhancements that drive profitable growth, improve product efficiencies, and delivers return on investment through our distribution channels.

As a Forms & Product Analyst, you will provide support to the Product team by collaborating in cross-functional teams that design, develop, and implement new product initiatives and revisions to existing products. In relation to product development and revision collaboration, the individual in this position will be primarily responsible for creating and maintaining policy forms.

Duties & Responsibilities

• Plan, implement, manage, and/or contribute to projects up to a moderate complexity
• Research, develop, and maintain coverage forms, endorsements, and manuals needed to support existing products
• Review daily releases regarding changes to regulations and market alerts for potential impact to our products and initiate steps towards ensuring we take appropriate action
• Contribute to and maintain department forms repository
• Conduct research, perform basic market analysis and provide observations on target markets
• Analyze competitor product features and contract languages
• Work with various departments to create and develop forms upon introducing new products
• Within department, assist in the creation of form and rule filings for submission to the departments of insurance to satisfy state regulatory requirements as well as creating objection responses for any subsequent objections
• Serve as the subject matter expert for internal questions that arise regarding assigned enhancements and form filings
• Work with IT to implement system changes and enhancements and verify changes were implemented correctly
• Participate in evaluation of internal/external processes and procedures
• Build strong relationships among team members, ensuring cooperation on project objectives
• Responsible for special as hoc projects, analysis, and reporting
• Report to the Associate Forms & Product Manager

Analyst will be involved with a wide variety of insurance products which may include Non-Standard Auto, Standard/Preferred Auto, Commercial Auto, Public Transportation, and Artisan General Liability.

Qualifications

• Bachelor's degree
• Previous P&C Insurance experience is preferred, but not required
• Excellent verbal and written communication skills
• Proficiency in Microsoft Word and Excel
• Strong attention to detail
• Ability to adapt to different or changing situations, requirements, or priorities
• Competent at proactively identifying and taking action to address present and future obstacles, issues, and opportunities
• Excellent quantitative, organizational, project management, decision making, problem-solving, and time management skills
• Ability to work independently, execute quickly, and drive results
• Must be able to work in U.S. without sponsorship

Benefits

First Chicago Insurance Company provides a competitive benefits package to all full- time employees. Following are some of the perks First Chicago employees receive:

• Competitive Salaries
• Commitment to your Training & Development
• Medical, Dental and Vision Reimbursement
• Short Term Disability/Long Term Disability
• Life Insurance
• Flexible Spending Account
• Telemedicine Benefit
• 401(k) with a generous company match
• Paid Time Off and Paid Holidays
• Tuition Reimbursement
• Wellness Program
• Fun company sponsored events
• And so much more!

Estimated Compensation Range: $70,000 - $80,000

Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location.