Product Analyst

Our Product & Services Development team is growing!

The Product Analyst is responsible for contributing to or handling all aspects of the product development life cycle. This includes vetting of new product ideas and product enhancement as well as the filing of insurance policy form, rates and rules to achieve regulatory compliance. In addition, this position researches and interprets applicable regulatory regulations and guidelines and recommends amendments to our products in accordance with such regulations.

The Product Analyst will help to update and maintain policy language of Coverys products as well as assist in adapting these products to the needs of business. In addition, Product Analysts establish and maintain positive relationships with state regulators on the company's behalf and work to enhance staff knowledge through the clear communication of regulatory requirements and product guidelines.

Essential Duties & Responsibilities

• Work with Product and Service Development, Underwriting, and other departments as applicable, to identify necessary updates to policy forms and rates/rules.
• Utilize industry tools to research current insurance regulations in order to accommodate state specific product and service requirements.
• Provide research and feedback related to requests concerning regulatory guidelines.
• Track and research product ideas and product enhancement requests from internal and external sources.
• Assist Underwriting with account specific updates and changes to existing policy forms, including filing with state departments of insurance when necessary.
• Develop materials for introduction, implementation, and administration of new and revised products.
• Maintain internal tracking of policy rate/rule and form changes, product and service availability, and filing expenses.
• Assist with implementation of approved filings and the development of communication materials and procedures to introduce or update products and services.
• Perform compliance research to monitor and evaluate proposed regulatory changes relevant to company products and services. Communicate such changes to pertinent individuals and assist in developing appropriate responses.
• Assist in maintenance and updates to the department intranet/SharePoint website.

Education, Experience, & Competencies

• Bachelor's degree (BA) from four-year college or university, three to five years related experience, or equivalent combination of education and experience.
• Experience in Life & Health lines of insurance preferred.
• Experience with SharePoint and SERFF preferred.
• Proficient knowledge of Adobe Acrobat and Microsoft Office applications.
• Excellent analytical and problem resolution skills.
• Strong communication skills, both verbal and written.
• Demonstrated attention to detail, procedures, deadlines, and quality results.
• Excellent time management skills.
• Able to work independently and as part of team with flexibility in a deadline-driven environment.

Salary range is $67,745 - $91,655. Individual compensation packages are based on a variety of factors that are unique to each candidate including location, skill set, experience, qualifications and education.

If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you!