Compliance & Product Services Senior Analyst

$65,000 - $80,000/Yr

Verisk Analytics - Jersey City, NJ

Full-time - Mid Level

Jersey City, NJ

Professional, Scientific, and Technical Services

About the position

The Compliance & Product Services Senior Analyst will play a crucial role in the technical development of new and revised insurance programs, ensuring they meet the evolving needs of the business environment. This position focuses on enhancing customer satisfaction, product quality, and compliance with relevant laws and regulations. The analyst will draft policy language, develop manual rules, and collaborate with various stakeholders to deliver valuable insurance enhancements across the industry.

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 program updates are compliant and relevant.
• 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, Government Relations, and Actuarial teams.
• Research and review new products in conjunction with the Product Development team.

Requirements

• Bachelor's degree or equivalent experience.
• At least two years of P&C insurance experience with 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 auto or personal auto insurance lines procedures is a plus.
• CPCU exam study or completion is a plus.

Nice-to-haves

• Knowledge of ISO commercial auto or personal auto insurance lines procedures.
• CPCU exam study or completion.