Product Analyst II

Summary

UFG Insurance is an insurance company seeking a Product Analyst II to support product innovation, product development, and profitable growth. The role researches market and regulatory trends, evaluates and updates insurance products and coverage forms, supports strategic planning and filings, and serves as a subject matter expert across internal departments.

Responsibilities

• Evaluate annually, or as needed, coverages for product improvement, competitive advantages, or as necessitated by court cases, legislative actions or State Insurance Departments to ensure UFG remains competitive and profitable
• Collaborate with Product Supervisor and other departments within UFG to develop evolving roadmaps outlining strategic product goals
• Maintain current systems and coverages and assist in developing new products
• Review and analyze competitor market intelligence and bureau programs, ISO, AAIS and/or NCCI circulars
• Build and strengthen relationships with peers, internal and external partners to support completion of projects
• Serve as a subject matter expert for other departments with coverage questions including but not limited to underwriting, training, claims, pricing, and compliance
• Draft new coverage forms and changes to existing coverage forms
• Contributes to a pro-active product review process with recommendations for product improvement
• Prepare filing documents and provide guidance to filing analysts
• Mentor and train new Product Analysts as needed on systems, procedures, processes, and department culture; as well as creating/updating training documentation
• Provide clear and accurate communication on product decisions and recommendations
• Articulate requirements for system application related product changes

Skills

• High school diploma or equivalent required
• 3+ years of related property and casualty insurance work experience
• Familiarity and comfort with ISO, AAIS, NCCI and other bureaus
• Familiarity and comfort with market and competitive research tools
• Ability to self-manage workload, stay organized, and create priorities to achieve goals set with supervisor
• Approaches targeted business problems with critical thinking, collaboration, and a solution focused mindset
• Clear understanding of departmental and enterprise processes
• Collaborate with internal and external resources to meet customer's needs
• Motivated and curious, comfortable asking questions and performing research of issues
• Ability to work in a fast-paced agile environment that inspires a positive culture of constant learning and teamwork
• Ability to be creative with solutions
• Self-confident with the ability to hear and understand others to come up with collaborative decisions
• Comfortable articulating desired product changes to supporting departments
• Familiar with software commonly used at UFG such as Microsoft Office products, SERFF, AM Best, ACL, Guidewire, Smart Communications, Tableau, JIRA, Confluence, and Miro
• General office conditions not subject to adverse environmental conditions
• This role requires constant computer and phone usage for up to 8 hours per day
• Bachelor's degree or higher strongly preferred in business administration, finance, insurance, risk management or equivalent field, or an equivalent combination of education and work experience in a related field
• Industry designation(s) such as AINS, AU, or CPCU preferred, or actively pursuing recognized insurance designations
• Prior experience in product development, forms development and/or underwriting background strongly preferred

Qualifications

Must Haves

• High school diploma or equivalent required
• 3+ years of related property and casualty insurance work experience
• Familiarity and comfort with ISO, AAIS, NCCI and other bureaus
• Familiarity and comfort with market and competitive research tools
• Ability to self-manage workload, stay organized, and create priorities to achieve goals set with supervisor
• Approaches targeted business problems with critical thinking, collaboration, and a solution focused mindset
• Clear understanding of departmental and enterprise processes
• Collaborate with internal and external resources to meet customer's needs
• Motivated and curious, comfortable asking questions and performing research of issues
• Ability to work in a fast-paced agile environment that inspires a positive culture of constant learning and teamwork
• Ability to be creative with solutions
• Self-confident with the ability to hear and understand others to come up with collaborative decisions
• Comfortable articulating desired product changes to supporting departments
• Familiar with software commonly used at UFG such as Microsoft Office products, SERFF, AM Best, ACL, Guidewire, Smart Communications, Tableau, JIRA, Confluence, and Miro
• General office conditions not subject to adverse environmental conditions
• This role requires constant computer and phone usage for up to 8 hours per day

Nice to Haves

• Bachelor's degree or higher strongly preferred in business administration, finance, insurance, risk management or equivalent field, or an equivalent combination of education and work experience in a related field
• Industry designation(s) such as AINS, AU, or CPCU preferred, or actively pursuing recognized insurance designations
• Prior experience in product development, forms development and/or underwriting background strongly preferred

Benefits

• Annual incentive compensation
• Medical, dental, vision & life insurance
• Accident, critical Illness & short-term disability insurance
• Retirement plans with employer contributions
• Generous time-off program
• Programs designed to support the employee well-being and financial security.