Associate Product Analyst

Posted 23 Hours Ago
Be an Early Applicant
Torre, Sabana Grande
Mid level
Insurance
The Role
The Associate Product Analyst will support premium growth and profitability goals by developing insurance products, maintaining rating tools, managing filings, and ensuring compliance with regulations. The role includes assisting in training, audits, and monitoring industry publications while resolving compliance issues.
Summary Generated by Built In

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value diversity and recognize the benefits gained when people from different cultures, backgrounds and experiences work collaboratively to achieve business results. We are intentionally focused on fostering an inclusive culture and know valuing diversity is an essential leadership quality. Our goal is to create a workplace where all employees feel included, empowered and enabled to perform at their best.

For more than 40 years, Specialty Equipment has been serving businesses in the commercial equipment industry throughout the United States and Canada. These businesses have trusted us to reduce risk, help drive profitability and meet the needs of their customers.

The primary markets we serve include:

• Equipment Finance Companies

• Equipment Dealers & Distributors

• Fintech & E-commerce

• Equipment Lease Brokers

• Equipment Manufacturers

• Agency Programs

Our suite of customizable protection programs include:

• Lease Insurance • Rental Insurance

• Point of Sale Insurance

• Commercial Vehicle Insurance Protection

• Contingent & Excess Liability Insurance

• Residual Value Insurance

• Stipulated Loss Value Gap Insurance

• Insurance Tracking and Verification Services

• Machine Tool Operator Error

From office to construction, transportation to medical, and most every equipment category in between, Specialty Equipment is here to serve the needs of the commercial equipment.

Our Specialty Equipment Services division is in search of a Associate Product Analyst to join our team. This position will be in our downtown, Cincinnati office and will offer a hybrid work schedule post our initial training period.

Essential Job Functions and Responsibilities

  • Contributes to and supports divisional premium volume growth and profitability goals.

  • Participates in developing new and revised insurance products and rate development and revisions, underwriting guidelines, manuals, and procedures.

  • Supports the development, maintenances, and audits of rating tools to quote business in accordance with established rules and rate manuals.

  • Assists in administering training and communication materials and providing training as necessary on product/rate changes to appropriate individuals and teams.

  • Assists in coordinating and administering all aspects of assigned filings and ensures compliance with statutory requirements. This may include:

    • Compiling all required information and disseminating/communicating necessary information to others.

    • Analyzing and responding to objections and inquiries from state regulatory authorities.

  • Assist in the development of new and revised insurance products comply with state regulatory and statutory requirements.

  • Participates in audits (i.e., compliance audits, rate/pricing reviews, and agency reviews).

  • Assist in the monitoring of pertinent insurance publications to determine impact on our line(s) of business. This may include:

    • Identifying emerging coverage issues, state regulatory concerns, and business unit needs.

    • Developing action plans, implementing, and communicating changes when appropriate.

  • Resolves and/or assists with researching, documenting, communicating moderately complex compliance related issues.

  • Performs duties as assigned.

Job Requirements

Education: Bachelor’s Degree or equivalent experience.

Experience: Generally, 3 to 6 years of related underwriting, compliance, or product experience.

Business Unit:

Specialty Equipment

Benefits:

Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.

We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.

Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.

The Company
HQ: Cincinnati, OH
4,738 Employees
On-site Workplace

What We Do

Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses. We have more than 30 specialty property and casualty insurance businesses, and in 2021, approximately 50% of our gross written premium in our property and casualty operations was generated by business units with a Top 10 market ranking.

Great American Insurance Company has received an "A"​ (Excellent) or higher rating from the AM Best Company for more than 110 years (most recent rating evaluation of "A+"​ (Superior) affirmed December 3, 2021). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio.

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