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Product Development Analyst

  • Anytown / Maryland Virtual / Georgia Virtual / Texas Virtual / Louisiana Virtual / Idaho Virtual / Nevada Virtual / Kentucky Virtual / Pennsylvania Virtual / Michigan Virtual / Arizona Virtual
  • R-94581
  • Product Development Staff
  • Full Time
  • Added

As the Product Development Analyst, you will utilize strategic analysis of market trends and business opportunities to assist in the development and implementation of new and existing homeowners products and product features. This will include maintenance of current products that lead to growth and profits consistent with Assurant’s future growth.

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/

Primary job functions include:

  • Ensure integrity of existing products by serving as a team member on channel-driven product enhancement projects.
  • Assist in researching business ideas and market opportunities or trends that lead to new homeowner's product ideas.  Assist to analyze the financial potential of new product ideas.
  • Understand rate-making and product costs (direct and indirect) in analyzing future actions at a state level and rate-making exercises. 
  • Define and develop new product features, and market positioning based upon customer need and competitive environment. 
  • Develop quality standards, administration, policy language, and pricing for new and existing products
  • Develop and present business plans and justification for new business opportunities/new products.

Additional functions include:

  • Support direction of internal resources and vet external vendors for effective implementation of new products.
  • Analyze testing of new products and existing products enhancements to ensure the product maintains positioning and profitability.
  • Keep up on the 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 salesforce and client contact teams.  Assist the client teams by attending client presentations as a new product expert when necessary.
  • Contribute during brainstorming sessions for marketing, product enhancements, or new product ideas.
  • Support geographic-level reporting and analysis.  Prepare maps, visual summaries, heat charts, exposure analysis, and other similar reports and analyses to understand product exposures and risk management at a granular geographic level.

Required Qualifications:

  • 3 years experience in interpreting personal lines P&C forms, product development, preparing state filings and analytics.
  • Level of knowledge ordinarily acquired through completion of a bachelor’s degree or equivalent work experience. 
  • Must have some understanding of the Property & Casualty Insurance Industry such as coverages and products. Property experience a plus.

Desired Experience, Skills, or knowledge:

  • Strong planning, organizational, and analyzing skills. 
  • Excellent communication skills
  • Proficiency with Excel and Microsoft TEAMS
  • P & C Insurance Institute Designation i.e., AINS, CPCU, ARM, etc., or license.
  • Knowledge of multiple aspects of the business (finance, marketing, operations, HR, technology, legal, etc.).
  • Previous experience with project management.
  • Intermediate Excel formula knowledge.
  • Be able to provide high-level analysis.

Assurant is committed to providing a competitive rewards package that 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.


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