Product Analyst II

UFG Insurance•,

4d•$72,000 - $95,000•Onsite

About The Position

The Product Analyst II is responsible for product innovation, including building new creative products and updating existing products to enable differentiation, drive profitability, and seize market opportunities with limited direction. Oversee the research and development of key trends, regulatory changes, and market needs of products. Assists in developing and implementing multi-year strategic plan that positions the product line(s) for profitable growth. Supports UFG objectives through ongoing analysis and monitoring results to ensure alignment to the objectives.

Requirements

High school diploma or equivalent required.
3+ years of related property and casualty insurance work experience
Familiarity and comfort with ISO, AAIS, NCCI and other bureaus.
Familiarity and comfort with market and competitive research tools.
Ability to self-manage workload, stay organized, and create priorities to achieve goals set with supervisor.
Approaches targeted business problems with critical thinking, collaboration, and a solution focused mindset.
Clear understanding of departmental and enterprise processes.
Collaborate with internal and external resources to meet customer's needs.
Motivated and curious, comfortable asking questions and performing research of issues.
Ability to work in a fast-paced agile environment that inspires a positive culture of constant learning and teamwork
Ability to be creative with solutions.
Self-confident with the ability to hear and understand others to come up with collaborative decisions.
Comfortable articulating desired product changes to supporting departments.
Familiar with software commonly used at UFG such as Microsoft Office products, SERFF, AM Best, ACL, Guidewire, Smart Communications, Tableau, JIRA, Confluence, and Miro.

Nice To Haves

Bachelor's degree or higher strongly preferred in business administration, finance, insurance, risk management or equivalent field, or an equivalent combination of education and work experience in a related field.
Industry designation(s) such as AINS, AU, or CPCU preferred, or actively pursuing recognized insurance designations.
Prior experience in product development, forms development and/or underwriting background strongly preferred

Responsibilities

Evaluate annually, or as needed, coverages for product improvement, competitive advantages, or as necessitated by court cases, legislative actions or State Insurance Departments to ensure UFG remains competitive and profitable.
Collaborate with Product Supervisor and other departments within UFG to develop evolving roadmaps outlining strategic product goals.
Maintain current systems and coverages and assist in developing new products.
Review and analyze competitor market intelligence and bureau programs, ISO, AAIS and/or NCCI circulars.
Build and strengthen relationships with peers, internal and external partners to support completion of projects.
Serve as a subject matter expert for other departments with coverage questions including but not limited to underwriting, training, claims, pricing, and compliance.
Draft new coverage forms and changes to existing coverage forms.
Contributes to a pro-active product review process with recommendations for product improvement.
Prepare filing documents and provide guidance to filing analysts.
Mentor and train new Product Analysts as needed on systems, procedures, processes, and department culture; as well as creating/updating training documentation.
Provide clear and accurate communication on product decisions and recommendations.
Articulate requirements for system application related product changes.