Product Compliance Analyst - P&C Insurance

Munich Re Careers•Batavia Township, OH

5h•Hybrid

About The Position

The Product Services Analyst acts as a cross-functional analyst supporting regulatory compliance, risk management, and product support. This role partners with Product Management, Corporate Underwriting, Compliance, Legal, and other areas in delivering product services delegated by or in place of the Product Management team. The role is designed to enable seamless collaboration across various service and product functions, with team members operating with flexibility, adaptability, and shared accountability to deliver outcomes regardless of traditional role boundaries.

Requirements

Proficient in Microsoft Excel and the broader Microsoft Office Suite
Experience with project management concepts, tracking tools and issue resolution processes
Understanding of risk management, audit practices, and workflow/process improvement
Solid understanding of PDLC/SDLC methodologies and insurance operations
Understanding knowledge of Guidewire systems
Understanding of actuarial, regulatory, and underwriting principles
Solid understanding of data concepts, structures, reporting, and query capabilities
Bachelor’s degree Business, Finance, Math, IT or similar field or equivalent work experience

Nice To Haves

MBA or similar advanced degree
CPCU or other P&C insurance related studies

Responsibilities

Research and analyze communicated DOI changes/new bills to support Regulatory Compliance and provide direction to the LOB to take the needed action including policy language updates.
Research, analyze, and reply to DOI Complaints, requests for Rate Verification and premium transparency.
Lead cross-functional policy language development: Partner with Product, Actuarial, Underwriting, Legal, Compliance, Claims, Operations, and other internal teams to identify needs, draft complex insurance policy provisions, and build clear, market-ready policy language aligned to product specifications.
Perform regulatory research and analysis with Legal, Compliance, Product, Claims, and other teams to assess impacts of changing laws; implement required policy-language updates and develop strategic solutions to resolve complex policy-related issues.
Follow established processes for Product Development Life Cycle (PDLC) and control frameworks.
Release publishing will create and maintain required artifacts and documentation, ensuring version control.
Support Product Cross Functional needs acting as project manager, facilitator, point person for items such as Market Conduct Exams and Audits.
Collaborate with LOBs/Product Management, Configuration, Regulatory Filings, IT, QA, and other stakeholders to gather and document detailed business, functional, and data requirements for product initiatives and production support for compliance projects or nonspecific LOB requirements. (ASL, Additional Cost aka Taxes/Fees, Billing Fees)
Identify opportunities for continuous process improvement and assist in operationalizing those enhancements with teams involved.

Benefits

Two options for your health insurance plan (PPO or High Deductible)
Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children)
Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)
Prescription drug coverage (included in your health insurance plan)
Short and Long Term Disability coverage
Vision and dental insurance plans
A robust 401k plan with up to a 5% employer match
A retirement savings plan that is 100% company funded
Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
Eligibility to receive a yearly bonus as a Munich Re employee
A variety of health and wellness programs provided at no cost
A hybrid environment that gives you a choice in where and how you get work done
A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop
An on-site complimentary workout facility as well as walking trails on campus grounds
On-site wellness center complete with nurse practitioner
Financial assistance for adoptions and infertility treatment
Paid time off for eligible family care needs
Tuition assistance and educational achievement bonuses
Free parking
A corporate matching gifts program that further enhances your charitable donation
Paid time off to volunteer in your community