Mutual of Enumclaw · 2 days ago

Insurance Product Development Specialist

United States

Full-time

Remote

Entry, Mid Level

$66K/yr - $96K/yr

2+ years exp

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Responsibilities

Contribute in the review, development, enhancement, and implementation of policy forms and policy form language, providing analysis and actionable recommendations as requested.

Assist in the development of associated interdepartmental training, internal and external communications, and marketing collateral in support of form and coverage product initiatives.

Conduct form and coverage related competitor research and analysis and generates related exhibits and reports.

Demonstrate awareness of each state’s regulatory environment, evolving legal and claim trends, competitor actions, technological and societal changes and provides related actionable recommendations.

Assist in the design, development, and implementation of non-policy forms including cancellation/nonrenewal notices, supplemental applications, coverage selection/rejection forms, certificates of insurance, audit forms, and policyholder notices and stuffers.

Become a subject matter expert for all commercial and farm lines of business and products with respect to policy forms and coverages.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

P&C experienceCommercial product developmentFarm product developmentBusiness recommendationsISO familiarityAAIS familiarityInsurance program rates understandingMicrosoft WordMicrosoft ExcelMicrosoft PowerPointAdobe AcrobatTraining facilitationRegulatory environment interactionProject managementAudience-specific communicationsRegulatory review process understandingCompliance practices understandingUnderwriting practices understandingGraduate degreeProfessional insurance designations

Required

Excellent written and verbal communication skills.

Excellent analytical, problem-solving, and project management skills.

Ability to work independently, think creatively, and propose ‘out-of-box’ solutions.

Ability to translate analysis and work into business recommendations, coherent presentations and audience-specific communications.

Familiarity with industry rating bureau (e.g., ISO, AAIS) commercial/farm line of business policy forms.

Understanding of interrelationship between insurance program rates, rules, and forms.

Understanding of regulatory and legal review process necessary to support filings and product approval is a plus.

Understanding of compliance and/or underwriting practices, standards, and workflow is a plus.

Highly proficient in Microsoft Word, Excel, PowerPoint, and Adobe Acrobat.

Bachelor’s degree or equivalent experience.

2+ years of P&C experience in commercial and/or farm product development or management, or 2+ year in underwriting role which involved interaction with policy language.

Experience with creating and facilitating training with or within product/underwriting/sales.

Preferred

Graduate degree and/or related professional insurance designations.

Experience with managing products and interacting with regulatory environments in the states of Washington, Oregon, Idaho, Montana, Utah, Wyoming, and Arizona.