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Acadia Insurance (a Berkley Company) · 2 months ago

Insurance Product Management Analyst

NJ, Morristown - Suite G50

Full-time

Hybrid

Entry, Mid Level

$80K/yr - $90K/yr

2+ years exp

Acadia Insurance, a Berkley Company, focuses on providing innovative insurance solutions for affluent clients. The Insurance Product Management Analyst will support new product development and manage existing products while collaborating with various departments to ensure successful product releases and strategic initiatives.

Commercial InsuranceInsurance

No H1B

Responsibilities

Compile and analyze state and industry research and competitor data to inform strategic adjustments, including form, rate and rule reviews, new product development and modifications in underwriting appetite

Collaborate with Product Managers to create comprehensive line of business plans for rate and coverage considerations

Support the product development life cycle from forms drafting, to preparing filing documents and responding to objections, through implementation and post launch review

Coordinate with IT on product requirements and conduct UAT on behalf of business stakeholders

Collaborate with colleagues across the organization to ensure alignment across forms, rates, rules and internal systems as well as external and internal communications

Respond to form and rate related questions, providing guidance to underwriting and other internal business personnel

Compile and analyze company results and product KPIs in preparation for product strategy reviews

Actively participate in Berkley One Innovation, collaborating with colleagues across the portfolio team around how we can improve our processes and the overall performance of the portfolio

Qualification

Insurance industry experienceData analysisInsurance contract designAnalytical role experienceMicrosoft Office SuiteCustomer service biasNatural curiosityCommunication skillsAttention to detailProblem-solving skills

Required

Bachelor's Degree or equivalent experience

2+ years of insurance industry experience

Familiarity with insurance contract design (e.g., ISO) and with pricing and actuarial concepts desired (will train)

Experience working in a mathematical or analytical role

Empathy and understanding of the needs of customers, both insureds and their agents alike; an excellent, pro-active advocate for Berkley One customers who is passionate about their brand and coverage experience

Exceptional oral and written communication skills with a communication style that is flexible to the situation; able to communicate clearly and with purpose

A strong attention to detail and ability to juggle competing priorities

Strong analytical and problem-solving skills

A strong sense of accountability, resourcefulness, fun and adventure

A strong customer service bias, known for your responsiveness

Natural curiosity, a love of learning how things work and always looking for innovative improvements

Proficient in Microsoft Office Suite of products (Word, PowerPoint, Excel)