Product Analyst Sr - Line

COUNTRY Financial • Bloomington, IL

82d • $94,000 - $129,250

About The Position

Manages relationship of every aspect of assigned product through interaction with relevant departments, such as Claims, Underwriting, Sales/Marketing, Customer Service, and outside contracts (agents, regulators and industry groups). Develops action plans and strategic direction for functional areas and maintains alignment with product managers to ensure successful development of the entire product line. Participates in the analysis, maintenance, implementation, and development of products and programs, including pricing, procedures, research, and underwriting to support Product Management leadership with the continued development of profitable growth. Files changes with the department of insurance anticipating potential questions from the department and providing adequate information with the initial filing. Accountable for product premium volume growth and profitability results within assigned line(s) of business.

Requirements

• Typically requires 7+ years of relevant experience or a combination of related experience, education and training.

Responsibilities

• Drive the successful development of new products and the effective management and enhancement of existing products by making recommendations regarding product design, pricing, underwriting, agency management, distribution, claims and other processes.
• Ensure overall goals for production and underwriting profitability are met by analyzing premium rates, loss experience and retention.
• In conjunction with marketing, develop line(s) of business profit and growth strategies and translate business ideas and market opportunities into new product ideas by researching and maintaining awareness of all major competitors' current market positions (i.e., rates, service levels, financial positions and operating strategies), business directions, financial dynamics, and new technologies.
• Communicate and coordinate key profit metrics by coordinating with the Information Technology (IT) department to ensure proper implementation of rate revisions, new products, new product features, and other initiatives; develop working relationships with Accounting, Actuarial, Claims, Customer Service and IT.

Benefits

• Insurance benefits (medical, dental, vision, disability, and life)
• 401(k) with company match
• Paid time off
• Parental leave
• Paid company holidays
• Paid time off to volunteer in your community
• Tuition assistance
• Industry education certificates and designations
• Employee resource groups to connect with your peers.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed