PRODUCT ANALYST - Grinnell Mutual Reinsurance

Under minimal supervision conducts research and development activities for the personal or commercial lines organizational products and evaluates insurance industry developments to update company products and procedures.  

This position qualifies for our flexible workplace options. Work at our Grinnell, Iowa, headquarters or from a home office in any of the following states: Alabama, Arizona, Illinois, Indiana, Iowa, Florida, Georgia, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Carolina, North Dakota, South Dakota, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Virginia, Wisconsin, and Wyoming. Please note that candidates must be eligible to work in the U.S. without Grinnell Mutual sponsorship.

This position may be filled at the level equal to the individual's qualifications and experience.

• Researches, analyzes, and interprets statutes, regulations, bulletins, and insurance department rulings related to product offerings for new and existing products within the assigned Property & Casualty lines of business to determine impact and take appropriate action to ensure legal compliance.

• Creates new endorsements and products by executing project work plans. Coordinates product design, development, and implementation with all departments and customers affected by each product.

• Presents written and verbal reports to stakeholders, management, and affected departments to facilitate understanding of work, analysis, changes, and final recommendation. Presentations may also be for training and informational purposes in large or small groups.

• Maintains detailed documentation of all aspects of project development, including management decisions, for future reference.

• Creates and maintains lists, manuals, matrices, tables, and reports for reference and system access.

• Prepares documentation for regulatory (rule and form) filings to state Departments of Insurance based on deadlines and criteria specified by line of business for each state.

• Acts as an expert resource regarding personal or commercial lines products and procedures related to underwriting, claims, policy processing, and statutory/regulatory requirements.

• Identifies potential problems and develops proactive resolutions to ensure minimal impact on business units.

• Assists with continuous improvements of business processes by making recommendations to the unit for new functionality or changes to existing functions that will improve processes, lower costs, or enhance usability.

• Ensures Grinnell Mutual offers current and up-to-date products to our customers to retain and build both the business of Grinnell Mutual’s and our customers.

• Reviews the regulatory information and updates to determine implications to Grinnell Mutual personal and commercial lines of business and creates a project intent/scope based on research.

• When the project is assigned, define the intent/scope and draft policy/form language.

• Reviews draft(s) with stakeholders and makes recommendations to key stakeholders regarding the best method or alternative to resolve issues or inconsistencies related to products and/or coding.

• Finalizes drafts and prepares documentation for submission to Departments of Insurance with accuracy and detail to avoid multiple submissions and fines.

• Performs other duties as assigned.

• Bachelor's degree from an accredited college with a minimum of two years of Property Casualty Insurance experience or an equivalent combination of education and experience.

• Ability to understand complex insurance terminology and possesses working knowledge of Commercial and/or Personal Lines insurance products.

• A certificate in General Insurance or equivalent is preferred. CPCU or CIC designation or progress towards designation recommended.

• Ability to identify and initiate projects that are varied in scope and complexity and work through analysis, development, delivery, and implementation.

• Ability to manage multiple and/or conflicting priorities with interruptions.

• Ability to work in a harmonious manner with co-workers, supervisors, customers, and the general public.

• Demonstrated ability to define problems, collect data, establish facts, draw valid conclusions, and apply them to current and future business situations.

• Ability to communicate both written and verbally to explain and support a recommendation.

• Ability to work with minimal supervision.

• Proficient in Microsoft Office Suite.

• Ability to maintain confidentiality and determine the appropriate level of information dissemination based on work-related considerations.

• Possesses strong attention to detail with the ability to deliver high-quality products.

• Ability to learn or have prior knowledge of SERFF (System for Electronic Rate and Form Filing) and Project Management Workflow/SharePoint System.

• Ability to maintain a regular and predictable work schedule to meet the needs of our customers and provide adequate coverage during our core business hours.

• Must be able to maintain confidentiality of sensitive and proprietary information.

• Demonstrated ability to adhere to all Grinnell Mutual policies.

• Demonstrated ability to incorporate Grinnell Mutual core values in all areas of work.

Working conditions and physical efforts

To perform this job successfully, an individual must be able to perform each job duty and responsibility satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform job duties and responsibilities.

• May be required to work overtime to meet strict deadlines associated with projects. Performs work in a collaborative and agile work environment.

• The position is physically located in an agreed upon location per the Grinnell Mutual Work from Anywhere policy. All work arrangements must put the business needs of the organization first and ensure the coverage of all job duties.

• Frequently works with underwriting, claims, and reinsurance divisions regarding products, procedures, and underwriting standards; regularly works with individuals throughout the company, including in-house counsel, development, and statistical unit.

• This position involves repetitive work with computer keyboard and phone. Requires visual acuity.

• Required to be stationary for long periods of time.

• The noise level in the work environment is usually moderate.

• Frequent external contact via phone, e-mail, or in-person with member mutuals or vendors, to ensure they have the insurance products necessary to stay competitive and profitable in the marketplace.

• Maintains regular contact with Departments of Insurance throughout Grinnell Mutual Reinsurance Company’s operating area to clarify requirements and meet deadlines.

This job description is not intended to describe, in detail, the multitude of tasks that may be assigned, but rather to give the employee a general sense of the responsibilities and expectations of his/her position. As the nature of the business demands change, so too may the job duties and responsibilities.