Product Development Technician

SafePoint Insurance Company; Town of Florida (NY); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

Health Insurance

Dental Insurance

Vision Insurance

Paid Time-Off

Company Paid Holidays

401K Plan with Company Contribution

Professional Development Support

Job summary

Safepoint MGA, LLC seeks a Product Development Technician to identify, design, and roll out insurance products across multiple states. You will work with cross-functional teams to deliver fast time-to-market and support rate filings with actuaries.

Requirements include a bachelor’s degree or equivalent and at least 3 years in insurance, with strong analytical and communication skills to review state laws and filing processes. Health and 401(k) benefits are provided.

Qualifications

• Minimum 3 years’ experience in the Insurance Industry.
• Bachelor’s degree or equivalent work experience.
• Proficient knowledge of property and casualty insurance.
• Experience filing with state Departments of Insurance preferred.
• Proficiency in program development and product filing across states.

Responsibilities

• Review and identify quality programs in Personal lines markets and perform competitor analysis.
• Develop manuals and forms for filing as required by state.
• Research state laws and amend forms for compliance.
• Maintain relationships with vendors and legislators.
• Maintain insurance rates and premium calculations.
• Drive product launches with marketing, underwriting, and customer service teams.
• Complete ad hoc analytical projects and metrics reporting.

Skills

Project management

Communication skills

Analytical skills

Cross-functional teamwork

Typing speed

Education

Bachelor's degree or equivalent

Tools

SERFF/IFile

Microsoft Word

Adobe Acrobat

Job description

As a Product Development Technician, you will identify, design, build, and roll-out insurance products, in multiple states, that deliver the company’s vision and strategy. You will be working with cross-functional teams in a dynamic and fast-paced environment.

Duties And Responsibilities

• Review and identify quality programs that exist in the Personal lines markets and perform competitor analysis
• Develop manuals and forms for filing as required by state
• Regularly research applicable state laws, bulletins, and statutes to review and amend forms for legislative compliance
• Maintain professional relationships and communication with external vendors and legislators
• Maintain insurance rates and premium calculations
• Identify and fill product gaps and generate new ideas that grow market share
• Make filings using SERFF/IFile and shepherd through process
• Work with management and actuaries on interrogatories and assist with rate filings
• Work closely with teams to deliver with quick time-to-market
• Drive product launches by working with marketing team, executives, underwriting, and customer service team members
• Participates in business process management efforts to collect and analyze metrics and continually improve processes
• Participates in root cause analysis to recommend product or service enhancements or other appropriate actions to improve productivity for both the business units and third-party software vendors
• Complete ad hoc analytical projects as assigned which may include statistical reporting or agency management requests
• Other tasks and projects as assigned

Qualifications

• Minimum of 3 years’ experience in the Insurance Industry
• Bachelor’s degree, or equivalent work experience preferred
• Proficient knowledge of property and casualty insurance required
• Previous experience working with state Departments of Insurance strongly preferred
• Proficiency in program development and product filing in multiples states for Personal Lines
• Previous underwriting experience strongly preferred
• Excellent written and verbal communication, detailed analytical skills, facilitation, and negotiation skills
• Strong problem-solving skills, data & business process modeling, and ability to work effectively with cross-functional teams
• Minimum 50 WPM typing speed
• Strong knowledge of Microsoft Word and Adobe Acrobat
• Strong system organizational skills

Essential Functions

• Ability to clearly communicate verbally and in writing
• Ability to think critically, observe data, draw conclusions, and assess risk using various computer systems
• Ability to perform mathematical calculations
• Ability to type a minimum of 50 WPM
• Ability to generate and effectively communicate new ideas and products
• Ability to maintain organizational file structures

Safepoint MGA, LLC does not offer immigration sponsorship or support for this role. This includes serving as the immigration employer of record or providing documentation or assistance for work authorization processes now or in the future, including H-1B, OPT, STEM OPT, CPT, J-1, etc.

Physical Requirements & Working Conditions

• While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand, walk, use hands to type, grasp, handle, and feel, and reach with hands and arms
• This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, copiers, filing cabinets, and fax machines

Compensation & Benefits

We recognize that talented professionals are attracted to companies that provide a great place to work, combined with a comprehensive and competitive pay and benefits package, along with opportunities for personal growth and job advancement. For this reason we are pleased to provide:

• Market Competitive Wages
• Prof. Development and Educational Assistance Programs
• Safe Harbor 401K Plan with Immediate Vesting and an Automatic Company Contribution
• Paid Time-Off (Discretionary, PTO, Parental Leave, and others)
• Company Paid Holidays
• Health Insurance
• Dental Insurance
• Vison Insurance
• Short and Long Term Disability Insurance
• Flexible Spending Accounts with Company Contribution
• Health Savings Accounts with Company Contribution
• Employee Life and AD&D Insurance
• Dependent Life and AD&D Insurance
• Company paid AAA Membership
• Company paid Identity Theft Protection
• Other Ancillary Insurance Benefit Programs
• And more…

Safepoint Insurance is an equal employment opportunity employer. We adhere to a policy of making employment decisions without regard to race, color, religion, sex, sexual orientation, national origin, citizenship, age or disability. We assure you that your opportunity for employment with Safepoint depends solely on your qualifications.