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Product Development Analyst

Company: Assurant
Location: Evanston
Posted on: October 3, 2021

Job Description:

Reporting to the Product Development Manager, the Product Development Analyst will support the Voluntary Homeowner’s Team through ownership of key States HO3 filings, along with evaluating new products, endorsements, and services within the product pipeline.  The Analyst will play a key role in HO3 products under the Voluntary Homeowner’s Team.  The New Product Development Analyst Position requires high energy, a positive attitude and a team player mentality. Strong communication skills, project management, research, organizational and analytical problem-solving skills are essential.

Primary Job Responsibilities

  • Assist in researching business ideas and market opportunities or trends that lead to new product ideas.  Assist in effort to analyze financial potential of new product ideas.

  • Develop and present business plans and justification for new business opportunities/new products.

  • Define and develop new product features, and market positioning based upon customer need and competitive environment. 

  • Manage and direct internal resources and external vendors for effective implementation of product modifications.

  • Develop relationships with outside companies for potential strategic alliances and/or vendor administrators.

  • Keep up on latest industry and consumer trends by attending educational workshops, reviewing professional publications, Internet research, establishing personal networks, and/or participating in professional societies.

  • Help ensure implementation/testing of new and existing products through internal training and selling of new product ideas to sales force and client contact teams.  Assist the client teams by attending client presentations as new product expert when necessary.

  • Provide new thought direction and expertise to Product Managers and client teams by attending strategy sessions for marketing, product enhancements or new product ideas.

  • Ensure integrity of existing products by serving as team member on business-driven product enhancement projects.

Basic Qualifications

  • Bachelor’s degree or equivalent experience.

  • Prior experience with product development and/or data analysis and basic knowledge of P&C insurance. 

  • Understanding of rating algorithms and compiling competitive data.

  • Strong organizational and project management skills. 

  • In-depth analytical skills, including strong financial analysis ability. 

  • Excellent listening and communication skills, including written and verbal. 

  • Strong problem-solving ability.

Preferred Qualifications

  • CPCU designation or completion of any IIA courses.

  • Previous experience in personal lines insurance (personal lines property insurance experience ideal).

  • Familiarity with filing insurance products in individual states.

  • Advanced proficiency with MS Excel - experience with VLOOKUP's, Pivot Tables, and organizing a data set.

This is a remote position.

Benefits and Value Proposition

Assurant is a global provider of lifestyle and housing solutions that help leading brands grow revenue, manage risk and deliver a great experience for their customers. We protect, connect, and support over 300 million consumers worldwide, helping people get more value from their connected devices, vehicles, and homes. Assurant is a proud member of the Fortune 300, with decades of experience in the industries we serve.

For more information, please visit https://www.assurant.com/

Assurant is committed to providing a competitive rewards package which goes beyond the value of your paycheck. We offer an array of market-competitive benefits and resources to support your physical, emotional, financial, and social wellbeing goals. These include programs to help you invest in your financial future such as savings programs, as well as competitive health and wellbeing benefits to support you and your family.

Health Coverage Starting Day One: We offer competitive health and wellbeing benefits to support you and your family. You can choose from a range of health and dental plan options, as well as health plan accounts.

Disability and Life Insurance: We provide short- and long-term disability insurance, life and accidental death and dismemberment insurance.

Retirement: Assurant offers retirement savings plans globally. U.S. based employees are offered a 401(k) plan in which Assurant matches 100% of every dollar contributed, up to 6 percent of eligible pay.

Employee Stock Purchase Plan: Assurant’s Employee Stock Purchase Plan (ESPP) allows employees to purchase shares of Assurant, Inc. stock at a 10 percent discount with funds contributed through after-tax payroll deductions.

Career Development: Assurant offers a variety of internal courses, workshops, special projects, coaching and mentoring programs. Tuition reimbursement and other professional enrichment opportunities are also available to encourage continuous learning.

Work-Life Balance: We strive to provide a work environment that encourages work/life balance. Options depend on job responsibilities and may include flexible work schedules, telework, paid time off and part-time employment.

Equal Opportunity Statement
Assurant is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity or any other category protected by federal, state or local law.

Keywords: Assurant, Evanston , Product Development Analyst, Other , Evanston, Illinois

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