Product Development Analyst I- P&C - Westerville, OH jobs in United States
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AF - Group · 4 weeks ago

Product Development Analyst I- P&C - Westerville, OH

AF Group is seeking a Product Development Analyst I responsible for overseeing and developing new and updated products in the Specialty Lines sector. The role involves collaborating with various departments to ensure consistency in policy language and compliance, as well as maintaining product documentation and regulatory approvals.

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Comp. & Benefits

Responsibilities

Coordinating the Product Development process for Specialty Lines, including:
Reviewing current policy forms and endorsements to analyze and identify unforeseen or unanticipated liabilities
Reviewing forms for new products to identify gaps and limitations in proposed policy language
Researching legal and statutory requirements by state for new and existing products
Maintains the historical record of Specialty Lines forms and collaborating with Corporate Underwriting to update and maintain the AF Group Forms Library for Specialty Lines
Collaborating with Underwriting and Claims to ensure consistency in policy language and claim-handling. This includes:
Working with Claims to ensure underwriters are kept apprised of potentially unforeseen or unanticipated liabilities due to policy form and endorsement language, as well as emerging claim and legal trends
Prepares draft forms and revisions for existing products and exposures for presentation to Leadership
Communicating the publishing of new or updated policy forms and endorsements to floor underwriters
Coordinating Underwriting compliance for all Specialty Lines, including:
With Management, responding to the states regarding Underwriting and Compliance complaints
Reviewing bulletins and circulars from trade organizations and the states to assess for applicability to Specialty Lines products and processes and referring as necessary
Keeping abreast of external industry developments, including in the legislative and judicial arenas. This includes:
Assisting in the review ISO, AAIS and other bureau-driven circulars and products. Referring recommended form and product changes to Management to align with AF Group’s strategic direction across Specialty Lines organizations
Product Development and Product Compliance
Reviewing recommended form and product changes to align with Specialty Lines strategic direction, recommend implementation options, and lead prioritization of coverage enhancements across the Division
Preparing, monitoring, drafting, and obtaining regulatory approval of rates, rules, and forms utilized by admitted products within Specialty Lines
With Management, developing responses to objections to admitted products within Specialty Lines

Qualification

P&C UnderwritingProduct ManagementProduct DevelopmentCPCUARMInsurance KnowledgeTechnical AcumenPlanning SkillsCommunication SkillsTeamworkOrganizational Skills

Required

Bachelor's degree required
Three (3) to five (5) years of experience in P&C Underwriting, Product Management, or Product Development required
Extensive knowledge of insurance and underwriting environment across all lines of business (Casualty / Property – Admitted / Non-Admitted – Assigned Risk)
Ability to analyze and synthesize information for broad consumption
Technical acumen and the ability to command technical content for various audiences
Ability to effectively exchange information, in verbal or written form, by sharing ideas, reporting facts and other information, responding to questions, and employing active listening techniques
Ability to work effectively in a team environment and individually
Good communication (written and verbal), organizational, and planning skills

Preferred

CPCU or ARM preferred

Company

AF - Group

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AF Group is a nationally recognized holding company whose affiliated insurance companies are premier providers of specialty insurance solutions offered through independent agents nationwide.

Funding

Current Stage
Late Stage

Leadership Team

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Kim Leggette
SVP Claims
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Amy Fournier
VP ,Chief Actuary, Actuarial & Data Science
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Company data provided by crunchbase