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Insurance Product Development Specialist
1 month ago
Senior Product Development Analyst Objective
To conduct in-depth research, analyze, and design products for property/casualty lines of business. Additionally, to compose and interpret contract language. Prepare related documentation, including the development of rules for manual pages and preparation of forms and rules filings for the Michigan Department of Insurance and Financial Services (DIFS). Work as a subject matter expert on corporate plan projects.
Key Responsibilities:
- Ensure compliance with regulatory requirements through the research and development of product language for applicable documents on assigned product lines.
- Train and mentor less experienced product analysts.
- Monitor and evaluate competition on assigned product lines.
- Assist in training representatives from underwriting, claims, and marketing when new products are introduced to Farm Bureau agents.
Qualifications and Requirements:
Bachelor's degree with a major in insurance, business, economics, or a related field is required. Four years' experience in property/casualty insurance business with focus on underwriting, claims, product development, or other comparable experience is also necessary. Strong writing skills in English grammar and language are essential. Experience with Microsoft Office products is required.
Benefits and Compensation:
The annual salary for this position ranges between $70,000 and $100,000 based on location and level of experience. A comprehensive benefits package, including medical, dental, vision, and 401K, is also provided. As an equal opportunity employer, Farm Bureau offers employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
