Great American Insurance Group's Product-Data-Compliance (PDC) department needs to support business units in achieving their growth and profitability objectives by managing products, including the filing of rates, rules, and forms, assisting business units in the development and implementation of new or improved coverages, and implementing these changes into a policy administration system.
Requirements
- Strong technical knowledge of first-party lines of business, including Property and Inland Marine coverages.
- Knowledge of actuarial concepts is a plus.
- CPCU designation a plus.
Responsibilities
- Partner with various business units to develop new products and revise existing products, including gathering and analyzing data from various sources, to support business growth.
- Monitor insurance publications for product impact.
- Conduct market research to identify trends, opportunities, and competitive landscape.
- Assist in the development of product and rate revisions, underwriting guidelines, manuals, procedures and training materials.
- Oversee the filing approval process of rate/rule/form changes with state insurance departments that regulate us.
- Collaborate with underwriting, actuarial, legal, and claims teams to assist in designing innovative insurance solutions and developing product specifications, pricing strategies, and policy language.
- Provide requirements to IT to implement product changes into the policy administration systems
Other
- Contribute to and/or be held accountable for leading the support of a defined insurance product.
- Work with marketing, business development, and insurance operations teams to ensure successful product launches and ongoing product support.
- Prepare effective internal and external communications on product changes.
- Education: Bachelor’s degree in Risk Management, Finance, Economics, Business, or a related field or equivalent business/work experience.
- Experience: 3+ years in insurance industry with a focus on related underwriting, claims and/or product development.
- Excellent communication and analytical skills are essential in this position.
- Organizational/project management skills with the ability to establish priorities and meet deadlines.
