Insurance Product Management Analyst

W.R. Berkley Corporation•New York, NY

54d•$80,000 - $90,000•Hybrid

About The Position

As a Insurance Product Management Analyst, you will support new product development and management of existing products while working closely with Product Managers, Legal, IT, Analytics, Underwriting and Marketing departments to ensure coordinated product releases, maintain competitive and compliant policy forms, rates and rules, and enable strategic product initiatives through data analysis and critical thinking. You'll use your analytical skills to design data-driven solutions to business problems and drive profitable growth. This role would be well suited to candidates with experience working as a Claims Analyst, Underwriting Associate, Actuarial, or have general insurance knowledge looking to transition into a career in Product Management. This is NOT an technology job. What you can expect: Culture of innovation, teamwork, supportive colleagues and leaders willing to invest in talent Internal mobility opportunities Visibility to senior leaders and partnership with cross functional teams Opportunity to impact change Benefits - competitive compensation, paid time off, comprehensive wellness benefits and programs, employer funded health savings account, profit sharing, 401k, paid parental leave, employee stock purchase plan, tuition assistance and professional continuing education We'll count on you to: Compile and analyze state and industry research and competitor data to inform strategic adjustments, including form, rate and rule reviews, new product development and modifications in underwriting appetite Collaborate with Product Managers to create comprehensive line of business plans for rate and coverage considerations Support the product development life cycle from forms drafting, to preparing filing documents and responding to objections, through implementation and post launch review Coordinate with IT on product requirements and conduct UAT on behalf of business stakeholders Collaborate with colleagues across the organization to ensure alignment across forms, rates, rules and internal systems as well as external and internal communications Respond to form and rate related questions, providing guidance to underwriting and other internal business personnel Compile and analyze company results and product KPIs in preparation for product strategy reviews Actively participate in Berkley One Innovation, collaborating with colleagues across the portfolio team around how we can improve our processes and the overall performance of the portfolio

Requirements

Bachelor's Degree or equivalent experience
2+ years of insurance industry experience
Familiarity with insurance contract design (e.g., ISO) and with pricing and actuarial concepts desired (will train)
Experience working in a mathematical or analytical role
Empathy and understanding of the needs of customers, both insureds and their agents alike; an excellent, pro-active advocate for Berkley One customers who is passionate about their brand and coverage experience
Exceptional oral and written communication skills with a communication style that is flexible to the situation; able to communicate clearly and with purpose
A strong attention to detail and ability to juggle competing priorities
Strong analytical and problem-solving skills
A strong sense of accountability, resourcefulness, fun and adventure
A strong customer service bias, known for your responsiveness
Natural curiosity, a love of learning how things work and always looking for innovative improvements
Proficient in Microsoft Office Suite of products (Word, PowerPoint, Excel)

Responsibilities

Compile and analyze state and industry research and competitor data to inform strategic adjustments, including form, rate and rule reviews, new product development and modifications in underwriting appetite
Collaborate with Product Managers to create comprehensive line of business plans for rate and coverage considerations
Support the product development life cycle from forms drafting, to preparing filing documents and responding to objections, through implementation and post launch review
Coordinate with IT on product requirements and conduct UAT on behalf of business stakeholders
Collaborate with colleagues across the organization to ensure alignment across forms, rates, rules and internal systems as well as external and internal communications
Respond to form and rate related questions, providing guidance to underwriting and other internal business personnel
Compile and analyze company results and product KPIs in preparation for product strategy reviews
Actively participate in Berkley One Innovation, collaborating with colleagues across the portfolio team around how we can improve our processes and the overall performance of the portfolio