Full Job Description
This position is not eligible for employment visa sponsorship. Applicants must be authorized to work in the United States without the need for current or future sponsorship.
National Interstate is looking for a Product Analyst to join their team. This individual will work a hybrid schedule out of the Richfield office.
National Interstate’s culture is built on connection, shared learning, and strong relationships. To support this, employees in this role are expected to be on-site four days a week, with the flexibility to work one day remotely. Core in0office days are Tuesday0Thursday, with the fourth day determined by business needs.
**Essential Job Functions and Responsibilities**
- Develops new products and/or solutions to enhance premium volume growth and ensures the competitiveness and profitability of existing products.
- Conducts comprehensive market research to identify trends, opportunities, and competitive landscape.
- Collaborates with underwriting, actuarial, and claims teams to design innovative insurance solutions and develop product specifications, pricing strategies, and policy language.
- Analyzes market data and customer feedback to identify opportunities for product enhancements and improvements and new product development.
- Develops and executes product strategies and roadmaps to achieve business goals and conducts SWOT analysis to evaluate product strengths, weaknesses, opportunities, and threats.
- Participates in developing product and rate revisions, underwriting guidelines, manuals, and procedures.
- Works closely with marketing, business development, and insurance operations teams to ensure successful product launches and ongoing product support.
- May participate in developing and presenting trainings regarding new products and product changes to internal teams and agents.
- Performs other duties as assigned.
**Job Requirements**
**Education:** Bachelor’s Degree in Business, Economics, Statistics, or a related field.
**Experience:** Generally, a minimum of 5 years of related underwriting or product experience. Completion of or continuing progress toward a professional designation preferred, including Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), Associate of Risk Management (ARM), Certified Licensing Professional (CLP) or other applicable designations.
**Scope of Job/Qualifications:** Strong technical knowledge of insurance products and lines of business. Develops and maintains knowledge of industry laws and regulations. Proficiency in interpreting competitive data and industry trends. Strong analytical skills with the ability to use data to inform decisions. Demonstrated decision-making ability and customer-centric mindset. Demonstrates excellent communication skills and ability to build relationships. Position may require occasional travel.
**Company:**
NIIC National Interstate Insurance Company
**Salary Range:**
$100,000.00 -$110,000.00
**Benefits:**
We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.
Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.
*Excludes seasonal employees and interns.
