Insurance Product Development Analyst I

Michigan Millers Mutual Insurance Company is a mutual insurance provider with over 140 years of experience in the property-and-casualty insurance sector. They are seeking a Product Development Analyst I to ensure compliance with regulatory requirements for insurance products while managing state filings and collaborating with internal teams.

Responsibilities

• Monitors resources for legislative and regulatory changes and analyzes impact to Western National products
• Identifies new requirements that may require policy and form language changes and implements rate, rule, and form changes to comply with statutory requirements
• Works with the Actuarial Team on rate changes for assigned business lines and communicates changes to internal and external customers
• Holds responsibility for a minimum of one line of business
• Creates and manages state filings for assigned line(s) of business
• Participates in the testing and auditing of assigned line(s) of business pre- and post-implementation
• Responsibilities are performed in accordance with detailed guidelines, established practices, and standard procedures, occasionally requiring independent judgment and interpretation
• Gathers input and makes recommendations to solve problems of moderate complexity
• Deals with moderately complex problems that must be broken down into manageable pieces
• Sees relationships between problem components and prioritizes them
• Utilizes knowledge, experience, and available resources to find solutions
• Consistently acts according to our customer experience standards, including responding quickly, maintaining a positive attitude, building rapport, demonstrating empathy, managing the customer’s expectations, using the proper communication channel for the situation, and taking ownership to ensure the customer’s issue is resolved
• Stays in regular contact with internal customers, such as underwriting
• Occasionally interacts with external customers
• Performs special projects and other duties as assigned

Skills

• Knowledge of personal and / or commercial lines products
• Familiar with insurance policy language
• Ability to communicate with internal and external customers
• Strong attention to detail and accuracy
• Demonstrated ability to prioritize projects and meet deadlines
• Ability to organize and execute work independently
• Bachelor's degree or equivalent related experience
• Proficient use of various core systems, office and computer equipment, and software packages
• Coursework toward CPCU or other insurance designation preferred
• Experience with System for Electronic Rate and Form Filing (SERFF) and bureau websites
• Prior property-and-casualty insurance experience

Benefits

• Medical insurance plan options and other standard employee benefits, including dental insurance, vision benefits, life insurance, disability insurance, and more!
• Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA)
• 401(k) Plan (participants are eligible for 100% matching on the first 6% of their contributions)
• Wellbeing Program, including onsite fitness studio
• Paid Time Off – including holiday, vacation, and volunteer
• 100% company-paid tuition reimbursement for approved job-relevant coursework and access to The Institutes (Risk and insurance education)
• Paid parental leave
• Bonus opportunities

Company Overview