Senior Product Analyst/Product Specialist

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.

This position is not eligible for employment visa sponsorship. Applicants must be authorized to work in the United States without the need for current or future sponsorship.

Product Compliance offers subject matter expertise related to Common Products (Commercial Auto, General Liability, Umbrella/Excess, Property, Inland Marine, Crime, Workers' Compensation and Cyber) in order to enhance the organization's ability to adapt to new market opportunities and changing risk environments. It also assists business units in developing and maintaining competitive insurance products, while ensuring that they meet regulatory compliance and state filing requirements.  Product Compliance handles rate/rule/form filings for all P&C lines of business in all jurisdictions.

The Data Reporting Compliance team is looking for a Data Reporting Analyst to support our Worker’s Compensation policy reporting. The person who applies for this position should have excellent analytical skills; have a high level of attention to detail; have strong planning and organizing skills and the ability to meet deadlines. This person should be a strong self-starter, balanced with a desire to achieve team goals.

Great American’s culture is built on connection, shared learning, and strong relationships. To support this, employees in this role are expected to be on-site a minimum of two days a week, with the potential to work three days remotely. Core in‑office days are Tuesday and Thursday but will be determined by business needs.

This individual will contribute to countrywide and state-specific product development initiatives, compliance, and general maintenance activities related to ISO and GAI companies' commercial insurance proprietary products and the ISO Businessowners (BOP) product. They will actively engage with stakeholders including Business Units, Underwriting, Claims, Actuarial, IT and external commercial insurance organizations.

 

Essential Job Functions and Responsibilities:

• Responsible for the maintenance of the ISO BOP product including, but not limited to policy forms, policyholder notices and disclosures, advisories, manuscripts or other pertinent product materials.
• Assists or serves as primary product support helping develop and lead the development of innovative products and solutions to drive premium volume growth and maintain the competitiveness of the product portfolio.
• Collaborate with Business Units, Actuarial, Claims, Data and Legal teams to design innovative insurance solutions and develop product specifications, pricing strategies, and policy language to ensure compliance with regulatory requirements and company guidelines.

• Develops product and rate revisions, manuals, and procedures.

• Maintains the review, approval and implementation of assigned filings and ensures compliance with statutory requirements. Including, but not limited to, creating filing documentation and coordinating responses for Departments of Insurance.
  • Collaborates with Business Units, Legal, and Actuarial to resolve any issues relevant to securing state approval of forms and rates, or to revise products or procedures for compliance with new laws.
• Gathers and analyzes data from various sources specific to the products.
  • Identify opportunities for product enhancements and improvements.
  • Provides summary analysis, makes recommendations, and communicates to Business Units.
• Provide coverage analysis, expertise & direction for policy forms.
• Conducts comprehensive competitor coverage analysis and makes recommendations for coverage and forms strategies.
• Monitors pertinent insurance publications, including ISO circulars, to determine impact on line of business.  This may include:
  • Identifying emerging coverage issues, state regulatory concerns, and business unit needs.
  • Developing action plans, implementing, and communicating changes when appropriate.
• Lead the development of training and communication materials and providing training as necessary on product/rate changes for staff.
• Partner with the IT department on prioritization, implementation, and enhancements of operational systems to ensure production capabilities are both effective and efficient. Knowledge of Duck Creek a plus.
• Resolves and/or assists with researching, documenting, communicating complex compliance related issues.
• Performs other duties as assigned.

 

Job Requirements

Education: Bachelor’s Degree or equivalent experience.

Field of Study: Business, Economics, Statistics a related discipline.

Experience: Generally, 5 to 9 years of related underwriting or product experience.  Two or more years of product experience.  May be in the process of obtaining or may have already completed certification in area of expertise; appropriate certifications include Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), Associate of Risk Management (ARM), Certified Licensing Professional (CLP) or other applicable designations. 

Business Unit:

Property & Casualty Product Data & Compliance

Benefits:

We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.

 

Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.

 

*Excludes seasonal employees and interns.