Old Republic International companies need to maintain existing products by ensuring that rates, rules, forms taxes, assessments and surcharges are current, comply with regulatory requirements and supported in policy administration systems
Requirements
- Proficient at reviewing bureau Circulars, preparing filings and securing regulatory approval
- Proficient at implementing rates, rules and forms in a policy administration system
- Proficient understanding of the commonly used coverage forms, rules and guaranteed cost rating plans published by ISO, AAIS, and independent rating bureaus
- Able to manually rate Property, Inland Marine (ISO and AAIS), and Crime policies
- Proficient in algebra
- Proficient with Microsoft Word, Excel, Outlook, Teams, Adobe Acrobat and Verisk Mozart
- Proficient with Verisk and CoreLogic online tools
Responsibilities
- Review Circulars and notices published by ISO, AAIS, independent rating bureaus, state Departments of Insurance and other state entities, and recommend a course of action to the Product Manager
- Initiate periodic reviews of PMA and competitor loss cost multipliers
- Implement routine updates to rates, rules, forms, notices, taxes, assessments and surcharges, including securing regulatory approval, updating policy administration systems, notices and associated processes, and communicating changes to Underwriting, Underwriting Operations and affiliated ORI companies
- Support the transformation of policy administration systems by acting as a subject matter expert for the line of business
- Respond to inquiries regarding the status of current filings, rates, rules, forms, notices, taxes, assessments, and surcharges
- Respond to inquiries from Underwriting and Underwriting Operations regarding standard coverages and policy construction, including mandatory endorsements, rating, and documentation
- Create and maintain internal reference materials
Other
- Strong organizational skills demonstrated by the ability to manage multiple priorities and complete all objectives in a timely and accurate manner
- Able to collaborate effectively with others, internally and externally
- Able to complete research and present findings in a clear and concise manner
- Experience providing technical training
- Able to work on a hybrid schedule, including periodic travel to home office
