Senior Product Analyst

Great American Insurance Company•Richfield, OH

17h•Hybrid

About The Position

National Interstate is a leading commercial transportation insurer seeking a Senior Product Analyst to join their team. This individual will be responsible for leading the development of innovative products and solutions to drive growth and maintain competitiveness and profitability. The role involves comprehensive market research, collaboration with various internal teams (underwriting, actuarial, claims, marketing, business development, insurance operations), and analysis of market data and customer feedback. The Senior Product Analyst will develop and execute strategic product roadmaps, oversee product offering revisions, and ensure successful product launches. They will also be responsible for staying updated on industry trends and regulatory changes. This position may involve performance and coaching of staff and participation in talent management decisions. The role is hybrid, based out of the Richfield office, with core in-office days Tuesday-Thursday and one remote day per week.

Requirements

Bachelor’s Degree in Business, Economics, Statistics, or a related field.
Generally, a minimum of 13 years of related underwriting or product experience.
Advanced technical knowledge of insurance products and lines of business.
Demonstrates expert knowledge and understanding of industry laws and regulations.
Expert-level proficiency in interpreting competitive data and industry trends.
Advanced analytical skills with the ability to use data to inform decisions.
Demonstrated decision-making ability and customer-centric mindset.
Demonstrates excellent communication and relationship building skills.
Viewed as a senior resource on the Product team.
Provides technical advice and support to lower-level positions.
Applicants must be authorized to work in the United States without the need for current or future sponsorship.

Nice To Haves

Completion of or continuing progress toward a professional designation preferred, including Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), Associate of Risk Management (ARM), Certified Licensing Professional (CLP) or other applicable designations.

Responsibilities

Leads the development of innovative products and solutions to drive premium volume growth and maintain the competitiveness and profitability of the product portfolio.
Leads comprehensive market research to identify trends, opportunities, and competitive landscape.
Collaborates with underwriting, actuarial, and claims teams to design innovative insurance solutions and develop product specifications, pricing strategies, and policy language.
Analyzes and interprets market data and customer feedback to identify opportunities for product enhancements and improvements and new product development.
Develops and oversees the execution of strategic product roadmaps to align with business objectives, incorporating detailed SWOT analyses to assess product viability and strategic positioning.
Drives the development and revision of product offerings, including rate adjustments, underwriting guidelines, and operational procedures.
Partners closely with marketing, business development, and insurance operations teams to ensure successful product launches and ongoing product support.
Leads the development and delivery of training programs regarding new products and product changes to internal teams and external agents.
Stays updated on industry trends, regulatory updates, and market shifts to ensure the product strategy remains forward-thinking and competitive.
May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
Performs other duties as assigned.