Senior Business / Product Analyst-1

Ryan Specialty Group • Chicago, IL

72d • $80,000 - $100,000

About The Position

The Senior Product Analyst will support the strategic business initiatives to deliver compelling insurance products via a digital insurance engagement and underwriting platform for use by Ryan Specialty Group and its insurance distribution partners. The Senior Product Analyst will work closely with our insurance product development team to support the overall insurance product portfolio and distribution solution initiatives and perform other assigned duties to meet business needs as determined by management. This position will be a vital link between our insurance carrier partners, our technology solution team and our business objectives by supporting and ensuring the successful completion of insurance product definition, business requirements, as well as participation in the solution lifecycle. The Senior Product Analyst is a key contributor to having superior insurance products available via digital distribution platforms.

Requirements

• Bachelors Degree in Business or Risk Management
• 2+ years of experience in a business environment - insurance, financial or technology industry highly desirable.
• Prior experience in the property and casualty insurance industry is preferred.

Responsibilities

• Heavily engaged in understanding and driving the required functionality of our digital distribution platforms as well as other peripheral systems
• Work closely with the Product Managers, subject matter experts, insurance carriers, and solution analysts to enhance product offerings and capabilities.
• Work closely with insurance carrier partners to document product business requirements and risks/issues, follow-up on action items and maintain insurance product teams project plans and deliverables.
• Work closely with business constituents and subject matter experts to turn business needs into consumable requirements that can be acted upon by solution delivery teams.
• Engage in all aspects of solution delivery, including documenting product enhancement backlog, creating test scripts, executing test cases and support.
• In some cases, act as a subject matter expert in the business domain of insurance underwriting, policy issuance and post-issuance modifications
• Help design, document, and maintain business processes.
• Accurately identify problems and provide appropriate solutions, including coordination with partners, external vendors, and other internal teams to deliver optimal solutions.

Benefits

• Paid time off for company holidays, vacation, sick and personal days
• Paid parental leave
• Mental health services

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees