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Freeman & Sherburne, Inc. [Businessowners Elite]

7440 Heritage Village Plaza, Gainesville, VA 20155

(703) 938-8070

Gardner Insurance Agency

7900 Sudley Road, Manassas, VA 20109

(703) 257-2820

Freeman & Sherburne, Inc. [Businessowners Elite]

7440 Heritage Village Plaza, Gainesville, VA 20155
(703) 938-8070

Gardner Insurance Agency

7900 Sudley Road, Manassas, VA 20109
(703) 257-2820

Commercial Product Analyst

Richmond, VA or Remote

Apply Now

Commercial Product Analyst

Begin a rewarding career with a well-recognized property and casualty insurance company with an A (Excellent) AM Best rating achieved by our continued financial stability and our commitment to providing superior products and service.

 

The Commercial Product Analyst works closely with Director to coordinate strategy in the introduction of new products and maintenance/enhancement of existing products.

 

POSITION ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Works with product director and managers to define, build, and implement product enhancements.
  • Assists product managers with product introductions and line-of business changes.
  • Develops form and rate filings as necessary; works with compliance to manage SERFF filing process.
  • Researches and reports useful information on competitor products, pricing, and activities.
  • Participate in product testing when necessary.
  • Works with compliance team to implement necessary statutory, regulatory changes in all areas of commercial operations.
  • Recommends action plans to alter products, coverages, operating procedures, and business practices as required.
  • Directs the development and publishing of rate/rule manuals and forms for commercial products.
  • Identifies problems affecting policy output and rating, devises solutions, and works with all applicable personnel to achieve system improvements, individual policy corrections, and communication of outcomes.
  • Ad hoc reporting related to reinsurance, underwriting, product, pricing, competitive.
  • Ad hoc analysis as assigned to the commercial product team.
  • Develop and maintain reoccurring reports and dashboards for leading indicators.
  • Works closely with the business analyst to submit requirements for product changes and product deployment to improve development accuracy and specification requirements.

 

KNOWLEDGE, SKILLS, AND ABILITIES:

The requirements listed below are representative of the knowledge, skills, and/or abilities required to perform each essential duty satisfactorily.

  • Demonstrates an appropriate understanding of property/casualty insurance principles and applies such knowledge in everyday business direction. Stays aware of changes in the external environment and adjusts internal practices as needed.
  • Demonstrates a clear understanding of the department operations and possesses technical expertise on coverages, forms, and rating rules.
  • Demonstrates the ability to promptly identify critical issues, evaluate facts from a variety of sources, and make decisive and sound decisions within areas of responsibility.
  • Shares responsibility for achieving underwriting objectives by providing useful information development and executing assigned decision making.
  • Possesses a solid knowledge of the company‚Äôs vision, mission, and strategic plans and is committed to their achievement. Maintains a high level of knowledge of all department activity and is innovative in seeking effective ways to address issues.
  • Is committed to actively pursuing professional continuing education and training.
  • Stays aware of technology advancements in policy processing while evaluating potential strengths and weaknesses of technological support alternatives. Proficiencies will include Microsoft Office products, and other software as appropriate.
  • Demonstrates exceptional skills in the areas of accuracy and attention to detail including strong time management skills and ability to handle multiple priorities and deadlines simultaneously and effectively.
  • Shows personal integrity, inspires trust, and sets a positive example through a strong work ethic, commitment, and enthusiasm.
  • Exhibits strong and effective verbal and written communication skills that are professional and diplomatic including ability to competently spell, write, compose, and proofread; deals effectively with sensitive or private information; strong listener with ability to discern problems and seek solutions.

 

QUALIFICATIONS:

  • Undergraduate degree required or experience commensurate with the role. Professional insurance-related coursework preferred.
  • Commercial Insurance industry experience or knowledge including insurance products, policy transactional processing, underwriting strategy execution, systems development, business process, and compliance rules preferred.
  • Effective communicator through written, oral, and electronic formats with ability to convey complex concepts clearly to a variety of audiences required.
  • Exhibits strong interpersonal skills including ability to develop consensus among decision makers required.
  • Demonstrates ethical work manner in dealing with confidential information required.

 

PHYSICAL DEMANDS:

  • Position operates in a professional office environment and routinely uses standard office and mobile equipment such as computers, phones, and photocopiers.
  • Position may require traveling when attending both internal and external meetings, attending conferences and other training events.
  • Flexibility in daily work times and telecommuting is allowed; average 40-hour week; occasional evening, weekend work, or overnight travel may be required as job duties demand.

 

Please note, this position description is not designed to cover a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

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