Catastrophe Management Specialist (Product Analyst)

$73,360 - $100,870/Yr

Farmers Insurance - New York, NY

Full-time - Entry Level

Hybrid - New York, NY

Insurance Carriers and Related Activities

About the position

The Catastrophe Management Specialist (Product Analyst) at Farmers Insurance is responsible for implementing initiatives that advance catastrophe management objectives. This role coordinates projects of low to moderate complexity to enhance the company's capabilities in managing and mitigating catastrophe risk. The specialist serves as a primary contact for assigned projects, ensuring timely delivery and alignment with broader catastrophe management goals set by leadership, while collaborating across the company to facilitate project outcomes and identify trends in catastrophe exposure.

Responsibilities

• Executes low-to-moderately complex catastrophe management projects from planning to completion while ensuring timely delivery and achievement of objectives.
• Coordinates exposure management initiatives by aligning schedules, establishing project teams, facilitating meetings, and managing timelines.
• Contributes to more complex projects as assigned.
• Collaborates with process owners to manage implementation dependencies and ensure completion of necessary tasks for project execution.
• Facilitates tasks such as regulatory filings, updates to underwriting guidelines, stakeholder communications, and others while aligning implementation steps with catastrophe management objectives.
• Monitors processes to address issues and ensures timely task completion for smooth project execution and compliance.
• Works closely with IT to define state-specific system design requirements and ensure integration of catastrophe management metrics into operational processes.
• Reviews system testing and addresses issues with subject matter experts.
• Coordinates updates to system reference tables.
• Collects and documents state and countrywide catastrophe management requirements through research and consultation with internal and external resources.
• Collaborates with legal and compliance teams to ensure accuracy.
• Assists with analyzing deviation requests as needed and facilitates their review and approval.
• Monitors project performance against established goals and makes adjustments to ensure success.
• Prepares progress reports and communicates updates to leadership and stakeholders.
• Documents project decisions and organizes related business records for accuracy and accessibility.
• Stays informed of industry trends and best practices in catastrophe management.
• Recommends enhancements to future strategies based on this knowledge.
• Actively seeks opportunities for continuous learning to broaden understanding and capabilities in exposure and product management.
• Operates within established guidelines and policies to impact the quality of own work and team contributions.

Requirements

• Minimum two years of experience required in catastrophe management, product management, underwriting, or similar role.
• Working understanding of exposure management principles preferred.
• Insurance industry experience preferred.
• High school diploma or equivalent required.
• Bachelor's degree preferred.
• Strong verbal communication and listening skills.
• Demonstrated written communication skills.
• Excellent collaboration and team building skills.
• Demonstrated analytical skills.
• Demonstrated project management skills.
• Demonstrated time management and priority setting skills.
• Possesses strong technical aptitude.
• Proficiency with Microsoft Office suite.
• Able to adapt quickly to new technologies.

Benefits

• Competitive salary commensurate with experience, qualifications and location.
• Bonus Opportunity (based on Company and Individual Performance)
• 401(k)
• Medical
• Dental
• Vision
• Health Savings and Flexible Spending Accounts
• Life Insurance
• Paid Time Off
• Paid Parental Leave
• Tuition Assistance