<span>Product Analyst (Insurance)</span>

Berkley • Morristown, NJ

381d • $70,000 - $95,000

About The Position

The Product Analyst position at Berkley One involves supporting new product development and managing existing products within the insurance sector. The role requires collaboration with various departments to ensure coordinated product releases, compliance with regulations, and strategic initiatives driven by data analysis. This position offers an opportunity to grow within the insurance industry while contributing to innovative solutions for clients.

Requirements

• Bachelor's Degree or equivalent experience
• 2+ years of insurance product development experience preferred
• Familiarity with insurance contract design (e.g., ISO) and with pricing and actuarial concepts
• Experience working in a mathematical or analytical role
• Exceptional oral and written communication skills with a communication style that is flexible to the situation
• Strong analytical and problem-solving skills
• Excellent time management skills with a proven ability to meet deadlines
• Strong attention to detail and ability to juggle competing priorities
• A strong customer service bias, known for your responsiveness
• Proficient in Microsoft Office Suite of products (Word, PowerPoint, Excel); advanced proficiency with technology

Nice To Haves

• Empathy and understanding of the needs of customers, both insureds and their agents alike; an excellent, pro-active advocate for Berkley One customers who is passionate about their brand and coverage experience
• Thrives under pressure, with exceptional organizational skills, integrity, and follow-through on tasks
• A strong sense of accountability, resourcefulness, fun and adventure
• Natural curiosity, a love of learning how things work and always looking for innovative improvements

Responsibilities

• Compile and analyze state and industry research and competitor data to inform strategic adjustments, including form, rate and rule reviews, new product development and modifications in underwriting appetite.
• Collaborate with Product Managers to create comprehensive line of business plans for rate and coverage considerations.
• Support the product development life cycle from forms drafting, to preparing filing documents and responding to objections, through implementation and post launch review.
• Coordinate with IT on product requirements and conduct UAT on behalf of business stakeholders.
• Collaborate with colleagues across the organization to ensure alignment across forms, rates, rules and internal systems as well as external and internal communications.
• Respond to form and rate related questions, providing guidance to underwriting and other internal business personnel.
• Compile and analyze company results and product KPIs in preparation for product strategy reviews.
• Actively participate in Berkley One Innovation, collaborating with colleagues across the portfolio team around how we can improve our processes and the overall performance of the portfolio.

Benefits

• Health insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• Wellness programs
• Paid time off
• 401(k) plan
• Profit-sharing plans

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Administrative and Support Services
• Education Level: Bachelor's degree