Senior Product Analyst/Product Specialist

Great American Insurance Company•Cincinnati, OH

4d•Hybrid

About The Position

Great American Insurance Group’s Product Compliance team provides subject matter expertise for common commercial insurance products and supports business units in developing and maintaining competitive products that meet regulatory and state filing requirements. The Data Reporting Compliance team is seeking a specialist to support workers’ compensation policy reporting. This role contributes to countrywide and state-specific product development, compliance, and maintenance activities for ISO and Great American Insurance companies’ commercial proprietary products and the ISO Businessowners (BOP) product. The position works with stakeholders including Business Units, Underwriting, Claims, Actuarial, IT, Legal, Data teams, and external commercial insurance organizations. The role maintains ISO BOP product materials, supports development of innovative insurance products, and coordinates product and rate revisions and filings. It analyzes product data and competitor coverage, advises business units on product enhancements, and helps ensure products and procedures comply with statutory and regulatory requirements. It also supports training and communications about product and rate changes and partners with IT on operational systems. Employees are expected to work on-site at least two days per week, with the potential to work remotely three days per week; core in-office days are Tuesday and Thursday, subject to business needs. The position is not eligible for employment visa sponsorship; applicants must be authorized to work in the United States without current or future sponsorship.

Requirements

Bachelor’s degree or equivalent experience.
Field of study in Business, Economics, Statistics, or a related discipline.
Generally, 5 to 9 years of related underwriting or product experience.
At least two years of product experience.
Excellent analytical skills, strong attention to detail, strong planning and organizing skills, and ability to meet deadlines.
Strong self-starter who also contributes to team goals.
Must be authorized to work in the United States without current or future employment visa sponsorship.

Nice To Haves

Knowledge of Duck Creek.
May be in the process of obtaining or have completed a certification relevant to the area of expertise, such as AU, CPCU, CIC, INS, ARM, CLP, or another applicable designation.

Responsibilities

Maintain the ISO BOP product, including policy forms, policyholder notices and disclosures, advisories, manuscripts, and other pertinent product materials.
Assist with or serve as primary product support for developing innovative products and solutions that drive premium growth and maintain portfolio competitiveness.
Collaborate with Business Units, Actuarial, Claims, Data, and Legal teams to design insurance solutions and develop product specifications, pricing strategies, and policy language consistent with regulatory requirements and company guidelines.
Develop product and rate revisions, manuals, and procedures.
Review, approve, and implement assigned filings and ensure compliance with statutory requirements, including preparing filing documentation and coordinating responses to Departments of Insurance.
Work with Business Units, Legal, and Actuarial to resolve issues affecting state approval of forms and rates, and revise products or procedures to comply with new laws.
Gather and analyze product-specific data, identify product enhancement opportunities, prepare summary analyses and recommendations, and communicate findings to Business Units.
Provide policy-form coverage analysis, expertise, and direction.
Conduct competitor coverage analysis and recommend coverage and forms strategies.
Monitor relevant insurance publications, including ISO circulars, to identify emerging coverage issues, state regulatory concerns, and business unit needs; develop, implement, and communicate action plans and changes as appropriate.
Lead the development of training and communication materials and provide training on product and rate changes as needed.
Partner with IT on prioritization, implementation, and enhancement of operational systems to support effective and efficient production capabilities.
Research, document, communicate, and resolve or assist with complex compliance-related issues.
Perform other duties as assigned.