Product Analyst II

Warrior Insurance Network; Bedford Park (IL); On-site; USD 70,000 - 80,000; Full time

Benefits offered by this job

Competitive Salaries

Training & Development

Medical and Dental

Telemedicine Benefit

401k with company match

Paid Time Off and Paid Holidays

Tuition Reimbursement

Job summary

Warrior Insurance Network is seeking a Product Analyst II to support the Product Manager by designing, developing, and implementing new product initiatives. The role involves creating and maintaining key department reports and conducting medium to high complexity analyses and competitive research.

The ideal candidate has experience with insurance products and forms, particularly in Property & Casualty, and understands automobile lines. Join a collaborative team driving profitable growth.

Qualifications

• Bachelor's degree in a relevant field with 3–5 years of product experience in P&C insurance.
• Experience with automobile lines; strong written and verbal communication; ability to work independently.

Responsibilities

• Plan, implement, manage, and contribute to high-complexity projects.
• Conduct market and trend analyses; provide observations on target markets.
• Analyze competitor product rates, rules, and forms language with minimal support.
• Develop and maintain coverage forms, endorsements and manuals for existing products.
• Collaborate with departments to develop forms for new products.
• Prepare and submit rate, rule, and form filings to satisfy state regulatory requirements.
• Independently create and submit regulatory filings and objection responses.
• Serve as SME for questions on enhancements and form filings.
• Coordinate with IT to implement system changes and enhancements.
• Create and distribute monthly and quarterly reports.
• Handle special and ad hoc projects and analyses.
• Build relationships across the team to support project objectives.

Skills

Excel

Word

Education

Bachelor's degree

Tools

Microsoft Excel

Microsoft Word

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 Product Analyst II, you will provide support to the Product Manager by collaborating in cross-functional teams that design, develop, and implement new product initiatives. In addition to product development collaboration, the individual in this position is responsible for creating and maintaining several key reports produced by the Product & Actuarial Analysis Department. The analyst is also responsible for providing medium to high complexity analytical and competitive research.

The ideal candidate is an experienced product analyst with an understanding of insurance products and forms.

DUTIES & RESPONSIBILITIES:

• Individually plan, implement, manage, and/or contribute to projects up to high complexity
• Conduct research, perform basic trend analysis, and provide observations on target markets
• Analyze competitor product rates, rules, and forms language with minimal support
• Research, develop and maintain coverage forms, endorsements and manuals needed to support existing products
• Work with various departments to develop forms upon introducing new products
• Within department, assist in the creation of rate, rule, and form filings for submission to department of insurance to satisfy state regulatory requirements
• Independently create and submit regulatory filings
• Responsible for creating objection responses to regulatory form and basic rate/rule filings
• Serve as the subject matter expert for internal questions that arise with regard to assigned enhancements and form filings
• Work with IT to implement system changes and enhancements
• Independently create and distribute a variety of monthly and quarterly reports in a timely fashion
• Individually responsible for special and ad hoc projects, analysis, and reporting
• Build strong relationships among team members, ensuring cooperation on project objectives
• Report to the Product Manager

Analyst will be involved with wide variety of insurance products which may include: Non-Standard Auto, Commercial Auto, General Liability, Workers' Compensation, and Ancillary Individual Health.

QUALIFICATIONS REQUIRED:

• Bachelor's degree
• A minimum of 3 to 5 years of product experience with Property & Casualty insurance products
• Experience in automobile lines of business (Primarily Personal. Commercial, a plus)
• Independent analytical thinker with excellent written and verbal communication skills
• Ability to fill all roles of a successful team
• Good organizational, project management and time management skills
• Strong attention to detail
• Ability to work independently, execute quickly, and drive results
• Ability to adapt to different or changing situations, requirements, or priorities
• Proactively identifies and takes action to address present and future obstacles, issues, and opportunities
• Proficient in Microsoft Excel and Word

Warrior Insurance Network (WIN) 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 and Dental
• Telemedicine Benefit
• 401k with a generous company match
• Paid Time Off and Paid Holidays
• Tuition Reimbursement Training Programs
• 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.