Product Development Professional

Westfield Insurance - Westfield Center, OH

Full-time - Entry Level

Westfield Center, OH

Insurance Carriers and Related Activities

About the position

The Product Development Professional at Westfield Insurance plays a crucial role in supporting product managers throughout the product development lifecycle. This position ensures compliance with underwriting philosophies and regulations on a state-by-state basis while collaborating with IT teams to prioritize necessary changes. The role also involves maintaining product templates and responding to business requests, ensuring alignment with company strategies.

Responsibilities

• Provide support to product managers throughout the product development lifecycle.
• Ensure compliance with intended rate, underwriting philosophy, and regulations on a state-by-state basis.
• Develop and communicate rate and rule/form change specifications.
• Collaborate with IT teams to prioritize changes according to the rate and rule/form change schedule.
• Deliver quality solutions for key individual errors/defects on time.
• Maintain forms and product templates for mandated language.
• Respond to ad-hoc business requests, including coverage questions and product analysis.
• Conduct historical research on prior projects to ensure alignment with strategies.
• Act as a liaison between business, actuarial, and IT teams regarding acceptance criteria for rate and product changes.
• Support product maintenance and implementation activities for insurance products.
• Assist Product Managers with multi-state implementation of rule or form changes.
• Respond to underwriting questions about products and coverages in a timely manner.
• Ensure accurate and timely completion of internal and external communications and processes.
• Provide information to Product Managers for developing product proposals for rate review discussions.
• Track changes at the state level to ensure consistency within product proposals.

Requirements

• Bachelor's degree in Business or a related field or commensurate work experience.
• 0-3 years of experience in Product Development, Insurance industry, or a related field.