Compliance & Product Services Analyst (P&C Insurance)

Insurance Services Office - Jersey City, NJ

Full-time - Mid Level

Jersey City, NJ

5,001-10,000 employees

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About the position

As a member of the Compliance & Product Services property team, you will play a crucial role in the technical development of new and revised insurance programs. This position focuses on ensuring customer satisfaction, product quality, and relevance in response to the evolving business environment across various lines of insurance, including commercial property and homeowners insurance. Your responsibilities will include drafting policy language, reviewing regulations, and collaborating with multiple stakeholders to enhance insurance products.

Responsibilities

• Draft policy language and develop manual rules for insurers in issuing and rating policies.
• Review laws, regulations, and case law for impact on ISO products and insurer procedures.
• Develop policy language and rules for major program updates to enhance insurance products.
• Review state laws and requirements to ensure compliance and relevance in each state.
• Provide timely responses to insurer inquiries on a wide range of insurance topics.
• Develop and present items to panels of insurers on emerging trends and potential revisions.
• Collaborate with stakeholders including Product Development, Law Department, and Actuarial to gather insights and contributions.
• Research and review new products with the Product Development team and assess their impact on existing products.

Requirements

• Bachelor's degree or equivalent experience.
• At least two years of P&C insurance experience in product development, claims, underwriting, or submitting filings with insurance regulators.
• Experience in analyzing and developing forms, rules, and/or rating is preferred.
• Excellent verbal and written communication skills with attention to detail.
• Strong organization, research, and analytic skills.
• Ability to work independently and collaboratively in a team environment.
• Knowledge of ISO commercial property or homeowners insurance lines procedures is a plus.
• CPCU exam study or completion is a plus.

Benefits

• Flexible work options
• Support, coaching, and training for career development
• Recognition as a Great Place to Work
• Commitment to inclusivity and diversity
• Opportunities for professional growth and innovation