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Product Specialist --- Commercial Lines

Company: Merchants Insurance Group
Location: Buffalo
Posted on: August 5, 2022

Job Description:

Product Specialist --- Commercial Lines Buffalo, NY Merchants Insurance Group, is a leading Property and Casualty Insurer in the Northeast, and is looking for an experienced Product Specialist for our Product Management team to join our Corporate Headquarters located in Buffalo, New York Corporate Office. Merchants Insurance Group is proud to be named a ---Fast Track--- company for the 3rd year in a row by Buffalo---s Business First and has recently been named as one of Ward's top 50 performing insurance companies in the United States for the 2nd year in a row. Ward's is the provider of benchmarking and best practices for the insurance industry. They analyze staff levels, compensation, business practices and expenses for all areas of company operations. The well-being of our colleagues, both current and future, is Merchants Insurance Group---s highest priority. At this time, our colleagues are working a Hybrid work schedule. The Hybrid work schedule requires 8 full days per month in the office, with the option to work the remaining days per month at home or in the office. This exciting new Hybrid Work benefit will offer colleagues a flexible work schedule with the ability to remain connected with your Merchants team and colleagues. The Product Specialist will become part of a dedicated Product Management team focusing on assisting the Product Manager with research, product and competitor analysis, definition of new products and product enhancements including coverage/endorsement needs, exposure analysis, rating plans, marketing opportunities and training needs for the assigned line of business. Essential Duties and Responsibilities include, but are not limited to: Provides support to the Product Manager in the management of the assigned line(s) of business by monitoring and analyzing results, monitoring and analyzing competitor information, implementing corrective underwriting action and development of new products and enhancements. Works with the Product Manager to manage the rate review process for the assigned line of business to assure compliance with all state requirements and timely implementation and communication of rate and/or product changes. Participates in the systems design process for customer-facing quoting platforms to ensure high quality user experience and top quality underwriting integrity. Manages the circular review process including the entry of data to monitor bureau circular activity along with the status of Company adoptions. Qualifications & Skills: Qualified candidates will have a 4 year degree or equivalent work related experience. Minimum of 3 years insurance company experience. CPCU or other related coursework/designation(s) desired. Excellent verbal and written communication skills. Organizational skills. Strong PC skills including Word and Excel are required. Merchants Insurance Group Benefits: Welcoming and positive work environment. Flexible work arrangements, including flex scheduling and summer hours. Hybrid work schedule. The Hybrid work schedule will require 8 full days per month in the office, with the option to work the remaining days per month at home or in the office. Competitive pay scale. Generous paid time off package. Full Benefits: Health, Dental, Vision, Life Insurance, Short Term Disability, 401(k) employer match amount is 100% up to 6% of your annual contributions. You are immediately 100% vested in the employer match dollars. Two Outstanding company bonus program. Tuition Reimbursement. And many more exciting company benefits EOE

Keywords: Merchants Insurance Group, Buffalo , Product Specialist --- Commercial Lines, Other , Buffalo, New York

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