Product Development Analyst

$95,000 - $125,000/Yr

Sompo International - Charlotte, NC

Full-time - Mid Level

Charlotte, NC

Insurance Carriers and Related Activities

About the position

Sompo International is seeking a Product Development Analyst to join our Product Development team. This role is pivotal in providing product development, maintenance, and regulatory compliance support for our various lines of business. As a Product Development Analyst, you will engage in a range of responsibilities that include corporate underwriting, product development, and state filings for commercial insurance products across Sompo's insurance operations. The position is based in one of our offices located in Charlotte, NC, Morristown, NJ, or New York, NY. We pride ourselves on fostering a collaborative work environment where employees can thrive and build long-lasting careers. In this role, you will support the Underwriting Letter of Authority process, which involves issuing authority documents, facilitating the signature process, and maintaining essential documents and files. You will also assist with the department budget by validating bureau-related and other line of business expenses, facilitating the approval process, and collecting expense data to monitor the budget effectively. Additionally, you will manage the state filing process, which includes form and template development, preparing, updating, and publishing required documents such as manuals and other related items. Your responsibilities will also include organizing, maintaining, and communicating various departmental data and information, including process improvements, and monitoring the quality control of entries in SharePoint sites. You will be expected to execute additional duties and projects as needed, contributing to the overall success of the team and the organization.

Responsibilities

• Supporting the Underwriting Letter of Authority process including issuing authority documents, facilitating the signature process, and maintaining documents and files.
• Assisting with the department budget by validating bureau-related and other line of business expenses, facilitating the approval process, and assisting in collecting expense data for the purpose of monitoring and budget process.
• Managing the state filing process in form and template development, preparing, updating, and publication of required documents including manuals and other related items.
• Organizing, maintaining, and communicating various departmental data and information, including process improvements.
• Monitoring the quality control of entries in SharePoint sites.
• Executing additional duties and projects as needed.

Requirements

• Minimum 3-5 years of experience as an underwriting assistant and/or technician.
• 3-5 years of commercial insurance experience.
• Experience in underwriting, client, and operational support.
• Technical capabilities in Microsoft Office Suite, SharePoint, Adobe, and Nitro.
• Attention to detail with the ability to manage multiple tasks.
• Ability to effectively communicate information and ideas.

Benefits

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution.
• Pharmacy benefits with mail order options.
• Dental benefits including orthodontia benefits for adults and children.
• Vision benefits.
• Health Care & Dependent Care Flexible Spending Accounts.
• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children.
• Company-paid Disability benefits with very competitive salary continuation payments.
• 401(k) Retirement Savings Plan with competitive employer contributions.
• Competitive paid-time-off programs, including company-paid holidays.
• Competitive Parental Leave Benefits & Adoption Assistance program.
• Employee Assistance Program.
• Tax-Free Commuter Benefit.
• Tuition Reimbursement & Professional Qualification benefits.