Perform complex product development functions involving product research and target market selection, development of product offerings, product life cycle assessment, rate level establishment, and similar.
*** Conduct complex statistical and business analysis to determine risk, rate making decisions, and formulate product development strategies including new product design, development, and existing product enhancement or retirement blueprints.
*** Devise and propose specifications for product design and strategies based on competitive market and financial analysis.
*** Utilize financial models to produce comparisons, trend analysis, forecasts, and similar for actions involving coverage and rate adjustments.
*** Evaluate underwriting performance result ratios and expense levels to develop accurate business forecasts to plan and implement product development projects.
*** Establish and maintain product pricing structure.
*** Collaborate with Information Technology, Underwriting, Claims, and Marketing on appropriate phases of product development cycles and implementation of geographical expansion initiatives.
*** Maintain working knowledge of system requirements and resource constraints necessary to plan successful implementation of product changes.
*** Update appropriate insurance applications, coverages, policies and contractual language, coverage forms and endorsements, eligibility, rate and rule manual pages & rating plans, and underwriting and pricing rules and guidelines.
*** Establish benchmarks and analyze performance ratios and product results against targets and benchmarking criteria to evaluate product development effectiveness.
*** Publish Rules, Rates and Forms, develop and implement appropriate electronic and paper publications, and collaborate with Marketing to develop promotional information and training materials.
Grow with a company offering an industry competitive compensation package, full medical, dental, and vision benefits, 401(k) retirement plans, excellent professional development opportunities, flexible paid time off, and more!
Please reference #36970343 when responding. Education Requirements: Bachelor DegreeMinimum Experience Requirements: 5-10 yearsJob City Location: RichardsonJob State Location: TXJob Country Location: USA
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DISCLAIMER: We will make every effort to consider applications for all available positions and shall use one or more of the contact methods and addresses indicated in resume or online application. Indicated location may be proximate or may be desirable point of embarkation for paid or unpaid relocation to another venue. Job descriptions may fit single or multiple presently available or anticipated positions and are NOT an offer of employment or contract implied or otherwise. Described compensation is not definite nor precise and may be estimated and approximate and is negotiable depending on market conditions and candidate availability and other factors and is solely at the discretion of employers. Linguistics used herein may use First Person Singular and First Person Plural grammatical person construction for and with the meaning of Third Person Singular and Third Person Plural references. We reserves the right to amend and change responsibilities to meet business and organizational needs as necessary. Response to a specific posting or advertisement may result in consideration for other opportunities and not necessarily the incentive or basis of the response. Nothing herein is or may be considered a promise, guarantee, offer, pledge, agreement, contract, or oath.