Product Analyst

$86,000 - $115,000/Yr

Axis - Alpharetta, GA

posted 2 months ago

Full-time - Mid Level
Alpharetta, GA
Crop Production

About the position

This position at AXIS Capital is designed for a Product Analyst who will play a crucial role in the development and maintenance of policy forms and endorsements for Property & Casualty products. The successful candidate will collaborate closely with AXIS Property & Casualty underwriters to ensure that policy terms accurately reflect underwriting intent and comply with state regulations. This role is integral to the Product Development process, assisting in drafting language for new products and enhancements, and ensuring that all admitted product forms are filed and issued according to approved state filings. The Product Analyst will work with various stakeholders across the organization, including underwriting, legal and compliance, actuarial, claims, and IT. This collaboration is essential for ensuring that product drafts and amendments meet both internal and regulatory requirements. The ideal candidate will possess a strong understanding of Property & Casualty insurance, including areas such as Property, General Liability, Excess Casualty, and Commercial Auto. In addition to drafting policy forms, the role involves conducting research, providing competitive analysis on products, and assisting in the delivery of products for filing submissions. The Product Analyst will also be responsible for managing projects related to form development and implementation, tracking the status of these projects, and responding to form objections from state insurance departments during the filing process. This position requires a strong sense of individual responsibility, critical thinking, and attention to detail, as well as the ability to communicate effectively with both technical and non-technical audiences.

Responsibilities

  • Draft policy forms to facilitate business objectives within established timelines.
  • Assist in the Product Development process for new products, product re-writes, and endorsements from beginning-to-end.
  • Draft language for new products and product enhancements.
  • Analyze state-specific regulatory requirements.
  • Collaborate with legal and compliance, underwriting, actuarial, claims, and operations staff to ensure product drafts meet internal and regulatory requirements.
  • Maintain the AXIS Forms Library.
  • Conduct research and provide competitive analysis on products and policy form language.
  • Assist in the review of product proposal output and marketing materials.
  • Assist in the delivery of products for filing submissions.
  • Review, respond, and negotiate approval of form objections from state insurance departments during the filing submission process.
  • Research general subject matter requests using online resources, including insurance law applications.
  • Lead and manage projects related to form development and implementation.
  • Track and report on the status of form-related projects.
  • Perform other projects and duties as required by management.

Requirements

  • Juris Doctor degree with insurance product development experience.
  • Minimum 5-7 years' Property & Casualty product drafting experience.
  • Ability to effectively draft policy wordings to facilitate business objectives.
  • Ability to lead and manage projects related to form development and implementation.
  • Familiarity with P&C state filing and regulatory requirements.
  • Ability to quickly analyze complex problems and create timely solutions.
  • Ability to collaborate with various teams and departments.
  • Strong project management skills.
  • Excellent oral and written communication skills.
  • Proficiency with Microsoft Office Suite applications.

Benefits

  • Medical plans for you and your family
  • Health and wellness programs
  • Retirement plans
  • Tuition reimbursement
  • Paid vacation
  • Competitive target incentive compensation based on performance
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