The Product Analyst for Commercial Lines will develop, implement and maintain insurance products, services and tools for field use, servicing one or more lines of business, and working closely with assigned product managers in establishing priorities. Accountable for timely implementation of product changes. Functions as a project team member on technology projects.

Allocation of Time:
20% - Project management and issue resolution
20% - Support development of Underwriting guidelines, forms, manual rules, and business specifications
40% - LOB analysis and support
20% - Compliance research and analysis

Key Position Responsibilities:

·  Responsible for ensuring rate changes, rules, and forms are timely. Proactively monitors environment to assure products stay current. Reviews Bureau circulars and regulatory bulletins for product impact and recommends and/or takes action. Monitors claims trends and recommends action. Responds to compliance issues. Participates in market conduct reviews, regulatory inquiries, internal compliance department requests and investigations.

·  Work with product managers to create new insurance products. Works with claims and legal to put coverage language in final form. Modifies coverage wording and regulatory notifications to policy holders on existing products.

·  Works with product manager to introduce new products, develop field communications and assist with marketing material. Provide specifications, rate prioritization and scheduling, and form implementation as performed by the client. Partners with project manager for seamless delivery through regular communications/priority meetings. Identify workflow impacts and implement process changes in partnership with CL Operations.

·  May be driven by Investment Proposals or compliance needs. May act as lead business representative on projects. Identifies and executes improvements. Leads project cycle from proposal to implementation from the business perspective.

·  Responsible for partnering with procurement in the vendor negotiation process. Monitors usage and cost, and makes recommendations for change where necessary. Works with vendors/external partners to recommend vendor product/service improvements. Business lead in implementing changes to vendor products and processes.

·  Assists in developing and delivering training for underwriters (including trainees), operations, and Agency Company Automation Coordinators.

Additional Skills Beneficial:

·  Product development background: Experience as a product analyst in either personal lines or commercial lines.

·  3-5 Years Experience in Underwriting

·  3-5 years Experience in an Analyst role: Has functioned as a business analyst, with background supporting Commercial Lines.