Regulatory Product Analyst

Essential Functions and Responsibilities

• Act as product management liaison with Underwriting, Business Development, Marketing, and Customer Service/Operations.
• Assist in competitive intelligence efforts by reviewing competitor filings, underwriting guidelines, and marketing material.
• Work closely with Underwriting and Operations in making determinations and developing company positions on rating organization (ISO) changes.
• Make corresponding state filing and system implementation recommendations for rating organization changes.
• Support new product development including development of forms, rates, rules, filing materials/support and rate testing, to post-launch monitoring and analysis.
• Complete product analyses and provide detailed business requirements for policy issuance system.
• Assist in maintaining forms, endorsements, rules, and rating to ensure continued compliance with regulatory requirements.
• Participate in and support regulatory compliance activities including quality audits of business units, market conduct examinations, and research of regulatory requirements.
• Act as departmental project manager on strategic initiatives, including new products, enhanced coverages, or other underwriting actions.
• Perform other duties as assigned by the Regulatory Compliance Manager or SVP – Regulatory.
• Cross train and serve as backup to Regulatory Filing Analyst.

Knowledge and Skills

• Demonstrates an appropriate understanding of property/casualty insurance principles and applies such knowledge in everyday business direction. Stays aware of changes in the external environment and adjusts internal practices as needed.
• Demonstrates a clear understanding of the department operations and possesses technical expertise on coverages, forms, and rating rules.
• Is committed to actively pursuing professional continuing education and training.
• Exhibits strong and effective verbal and written communication skills that are professional and diplomatic including ability to competently spell, write, compose, and proofread; deals effectively with sensitive or private information; strong listener with ability to discern problems and seek solutions.
• Possesses a solid knowledge of the company’s vision, mission, and strategic plans and is committed to their achievement. Maintains a high level of knowledge of all department activity and is innovative in seeking effective ways to address issues.
• Demonstrates exceptional skills in the areas of accuracy and attention to detail including strong time management skills and ability to handle multiple priorities and deadlines simultaneously and effectively.

Qualifications

• Undergraduate degree required or experience commensurate with the role. Additional professional insurance-related coursework or designations (CPCU, ARC, AINS, AU) preferred.
• Commercial Insurance industry experience or knowledge including insurance products, underwriting procedures, systems development, business process, and compliance rules.
• Considerable knowledge of ISO commercial rates, forms, and coverages preferred.