Commercial Insurance Product Specialist

This is a fully remote position, open to applicants in United States.

📋 Description

• Spearhead the creation and advancement of groundbreaking products and solutions aimed at boosting premium volume growth while ensuring the competitiveness and profitability of the product portfolio.

• Perform thorough market research to uncover trends, opportunities, and the competitive environment.

• Partner with underwriting, actuarial, and claims teams to craft insurance solutions and formulate product specifications, pricing strategies, and policy language.

• Evaluate market data and gather customer feedback to pinpoint opportunities for product enhancement, improvement, and the development of new offerings.

• Formulate and implement product strategies and roadmaps.

• Conduct SWOT analyses to assess product strengths, weaknesses, opportunities, and threats.

• Create product and rate revisions, underwriting guidelines, manuals, and procedures.

• Collaborate with marketing, business development, and insurance operations teams for product launches and ongoing support.

• Design and deliver training on new products and product modifications to internal teams and external agents.

• Keep abreast of industry trends, regulatory updates, and market changes.

• May oversee the performance and coaching of staff and participate in talent selection, development, and performance management processes.

• Execute other duties as assigned.

⛳️ Requirements

• Bachelor’s Degree in Business, Economics, Statistics, or a related field.

• Typically, a minimum of 9 years of relevant underwriting or product experience.

• Completion of or ongoing progress toward a professional designation is preferred, including AU, CPCU, CIC, INS, ARM, CLP, or other applicable designations.

• Advanced technical knowledge of insurance products and lines of business.

• Familiarity with industry laws and regulations.

• High-level proficiency in analyzing competitive data and industry trends.

• Strong analytical abilities with the capacity to utilize data for informed decision-making.

• Proven decision-making skills and a customer-focused mindset.

• Exceptional communication skills with the ability to cultivate relationships.

• Position may necessitate occasional travel.

• Candidates must be authorized to work in the United States without the need for current or future sponsorship.

🏝️ Benefits

• Medical coverage.

• Dental coverage.

• Vision coverage.

• Wellness plans.

• Parental leave.

• Adoption assistance.

• Tuition reimbursement.

• Paid Time Off.

• Paid holidays.

• 401(k) plan with company match.

• Employee stock purchase plan.

• Commuter benefits.