Product Analyst II

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

📋 Description

• Lead product innovation by creating new, inventive products and enhancing existing offerings.

• Conduct research and gather insights on significant trends, regulatory shifts, and market demands.

• Aid in the formulation and execution of multi-year strategic plans aimed at profitable growth of the product line.

• Analyze and track outcomes to ensure alignment with UFG's objectives.

• Assess coverages for product enhancement, competitive edge, legal cases, legislative actions, and State Insurance Department regulations.

• Collaborate with the Product Supervisor and various UFG departments on strategic product roadmaps.

• Sustain current systems and coverages while assisting in the development of new products.

• Review competitor market intelligence, bureau programs, ISO, AAIS, and/or NCCI circulars.

• Establish relationships with both internal and external partners to accomplish projects.

• Act as a subject matter expert on coverage inquiries for underwriting, training, claims, pricing, and compliance.

• Draft new coverage forms and modifications to existing ones.

• Contribute to proactive product evaluations and suggest product enhancements.

• Prepare filing documents and guide filing analysts.

• Mentor and train new Product Analysts while creating and updating training materials.

• Clearly and accurately communicate product decisions and recommendations.

• Define requirements for system application-related product modifications.

⛳️ Requirements

• High school diploma or equivalent is required.

• A Bachelor's degree or higher is strongly preferred in business administration, finance, insurance, risk management, or a related field.

• An equivalent combination of education and work experience in a related field is acceptable.

• Industry designation(s) such as AINS, AU, or CPCU are preferred, or actively pursuing recognized insurance designations.

• 3+ years of relevant experience in property and casualty insurance.

• Previous experience in product development, forms development, and/or underwriting is strongly preferred.

• Familiarity and comfort with ISO, AAIS, NCCI, and other bureaus.

• Familiarity with market and competitive research tools.

• Ability to self-manage workload, remain organized, and prioritize tasks to meet goals established with the supervisor.

• Clear understanding of departmental and enterprise processes.

• Proficiency with Microsoft Office products, SERFF, AM Best, ACL, Guidewire, Smart Communications, Tableau, JIRA, Confluence, and Miro.

• Capability to work in a fast-paced agile environment.

• General office conditions; consistent computer and phone usage for up to 8 hours daily.

🏝️ Benefits

• Annual incentive compensation.

• Medical, dental, vision & life insurance.

• Accident, critical illness & short-term disability insurance.

• Retirement plans with employer contributions.

• Generous time-off program.

• Programs designed to support employee well-being and financial security.