Senior Product Specialist
Product SpecialistProduct SpecialistFull TimeRemoteSeniorTeam 1,001-5,000H1B No SponsorCompany SiteLinkedIn
Location
New Jersey
Posted
133 days ago
Salary
$66.9K - $110.2K / year
Seniority
Senior
Bachelor Degree3 yrs expEnglish
Job Description
• Act as member of the product development “service window” team to assist applicable business segments in developing new and revised products in a timely fashion for the Construction and Commercial Auto industries;
• Conduct customer engagements that will ensure new product solutions are solving market challenges; and
• Facilitate legal, underwriting and claims review of product changes and enhancements.
• Develop and maintain companies’ coverage forms, endorsements, and rules for proprietary and bureau-based commercial insurance products.
• Manage complex product development projects for all lines of business and products (admitted and non-admitted) and collaborate with Underwriting, Claims, Legal, Actuarial, and Regulatory members to produce final, high quality insurance products.
• Draft manuscript endorsements, as requested by underwriting segments that provide needed coverage changes while maintaining the integrity of the policy structure.
• Keep abreast of bureau circulars for all applicable lines of business.
• Collaborate with the Regulatory Compliance team to assess and implement revisions to proprietary products or exceptions to bureaus’ products in response to regulatory changes or requirements.
• Provide guidance to field staff regarding products and new or revised regulatory requirements.
• Complete required checklists for form and rule filings and provide certification attestations for forms’ compliance, where necessary.
• Complete Flesch Test scoring and revise policy forms, as necessary.
• Provide complete filing package in an organized, well-written manner.
• Provide prompt and well-written responses to state insurance departments’ interrogatories.
Job Requirements
- Bachelor’s Degree
- CPCU designation or other related course work, or actively pursuing such is preferred.
- Extensive knowledge of primary and surplus lines insurance products.
- Minimum of 3+ years’ insurance product development or underwriting experience in the Construction and Commercial Auto industries, including demonstrated expertise in the review and drafting of insurance policy forms.
- Excellent development and analysis of policy forms is required.
- Proven research and analytical skills.
- Knowledge of ISO and AAIS products is a must.
- Knowledge of ISO form structure and grammar rules is highly preferred.
- Knowledge in the Construction and Sharing Economy (Commercial Auto) industries is highly preferred.
- Knowledge of SERFF / I-FILE is highly preferred.
- Outstanding written and verbal communication skills.
- Strong organizational and interpersonal skills.
- Pro-active problem solver.
- High degree of accuracy and attention to detail in a fast-paced environment.
- Comfortable presenting at company/industry events.
- Experience in building great internal or external customer relationships that focus on gaining actionable insights and forming collaborative partnerships with the goal of innovation, product improvement, or ease of use.
- Proficient in Microsoft Office, and knowledge of legal research engines (e.g. OneSumX NILS INsource; OneSumX NILS State Filing).
Benefits
- Competitive compensation package
- Generous 401K employer match
- Employee Stock Purchase plan with employer matching
- Generous Paid Time Off
- Excellent benefits that go beyond health, dental & vision.
- Wellness programs
- Tuition reimbursement
- Professional training
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