Senior Insurance Product Specialist - General Liability and BOP | Alabaster, AL

Detailed Information

  • Location: OH Cin-Dixie Terminal No

  • Company: Great American Insurance

and property and casualty operations, there are always opportunities here to learn and grow. At Great American, we value diversity and recognize the benefits gained when people from different cultures, backgrounds and experiences work collaboratively to achieve business results.

We are intentionally focused on fostering an inclusive culture and know valuing diversity is an essential leadership quality. Our goal is to create a workplace where all employees feel included, empowered and enabled to perform at their best. Accountable for countrywide and state specific product development initiatives, compliance, and general maintenance activities related to ISO and GAI Companies' Commercial

Insurance proprietary products for multiple lines of business including Commercial General Liability and Business Owners (BOP) products. Actively engages with stakeholders including Business Units, Underwriting, Claims, Actuarial, IT and external Commercial Insurance organizations.

Essential Job Functions and Responsibilities Responsible for the maintenance of Commercial General Liability and ISO BOP products including, but not limited to policy forms, policyholder notices and disclosures, advisories, manuscripts or other pertinent product materials. Recognized as the primary product support contact for business units and other staff. Interacts with relevant departments such as IT, Claims,

Underwriting, Sales/Marketing, and provides customer service support (i.

e. regulators and industry groups). Leads business unit, compliance, claims, program reviews, and audits (i. pliance audits, rate/pricing reviews). Develops product and coverage strategies and product development initiatives in conjunction with Business Units, Product Managers, Claims, Actuarial, Data and Legal. Ensures 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.

Develops and provides recommendations of product and rate revisions, underwriting guidelines, manuals, and procedures. Gathers and analyzes data from various sources specific to the products. Monitors product performance. Provides summary analysis, makes recommendations, and communicates to business units. Provides advanced coverage analysis expertise & direction for policy forms. Develops and executes action plans and strategic direction for functional areas and maintains alignment with other product managers to ensure successful development of entire product line.

Conducts competitor coverage analysis and makes recommendations for coverage and forms strategies. Accountable for and coordinates the development of new and revised insurance products, policies, and other required forms to ensure compliance with regulatory requirements and company guidelines. 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. Leads in the development of training and communication materials and providing training as necessary on product/rate changes for staff, field, and agency personnel. Partners 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 highly complex compliance related issues.

Provides technical advice, assistance and training to lower level positions, management, and other functional areas. Interacts with Underwriting and Claims regarding product trend issues. May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports. May have accountability for ensuring that the unit meets budget and performance objectives. Performs other duties as assigned. Job Requirements Education: Bachelor's Degree or equivalent experience.

Field of Study: Business, Liberal Arts or a related discipline. Experience: Generally, 10 or more years of related experience; 5 or more years of product experience. Certification in area of expertise may be required; appropriate certifications could 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 healthcare, retirement, and paid time off benefits for full-time and part-time benefit eligible employees.

Requisition #: R5262tcv57hlu2

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