Product Development Specialist I at Erie Insurance in Erie, Pennsylvania

Job Description:

Division or Field Office:

Commercial Lines Products Division
Department of Position: Comml Multi Peril Product Dept  
Work from:
 
 

At Erie Insurance, you're not just part of a Fortune 500 company; you're also a valued member of a diverse and inclusive team that includes more than 5,000 employees and over 2,200 independent agencies.  Our Employees work in the Home Office complex located in Erie, PA, and in our Field Offices that span 12 states and the District of Columbia.  To attract and retain the best talent, we reward our team members with competitive salaries and a very generous benefits package.

Position Summary

Working in a collaborative team environment with primary focus on creating new product offerings and updated products that will drive revenue and competitive position. Strong writing and proofing skills, strategic and analytical thinking along with research skills and organizational abilities are important skills for this role. Supports the daily operational functions of the Product Development team by facilitating the product development process all the way from product concept and final approval to implementation. Works closely with other functional groups --- Law, Underwriting, Claims, Compliance, IT, and Product Configuration in order to support, organize, create and maintain products and best practices among product group.

• Hiring Manager will also consider candidates for Product Development Specialist II; level of position offered will be based upon the depth and breadth of selected candidates experience and qualifications.
• Up to three positions available.

Duties and Responsibilities

Drafts basic policy language for existing products as well as informational documents regarding language revisions to be reviewed by higher level specialist, supervisor, and/or business units.

Prepares state insurance filings and responds to any objections to gain state approval.

Researches, analyzes and interprets insurance laws, regulations and court decisions to determine effect on ERIE products and procedures. Works closely with required functional areas to determine the business impact of changes in these areas and to implement required changes by specified effective date.

Participates in and supports IT projects related to product changes.

Ensures policies/attachments are printed correctly and on-time per regulations; identifies process improvements.

Participates in state audits, claims inquiries and compliance issues.

Serves as consultant for marketing and educational materials.

The first 3 duties listed are the functions identified as essential to the job. Essential functions are those job duties that must be performed in order for the job to be accomplished.

This position description in no way states or implies that these are the only duties to be performed by the incumbent. Employees are required to follow any other job-related instruction and to perform any other duties as requested by their supervisor, or as become evident.

Competencies

Ability To Learn And Follow Procedures

Ability to Manage Complexity

Decision Making

Detail Orientation

Developing And Maintaining Relationships

Information Management Skills

Interpersonal Communication

Job-Specific Knowledge

Oral Communication

Planning And Organizing

Problem Analysis

Service Orientation

Time Management

Qualifications

The minimum education and experience requirements are as follows:

Bachelor's degree, required; or

Associate's degree and two years of experience with insurance contract and compliance analysis, Law, Underwriting, Claims, or related business unit with working knowledge of assigned lines of business, required; or

High school diploma, or GED, and four years of experience with insurance contract and compliance analysis, Law, Underwriting, Claims, or related business unit with working knowledge of assigned lines of business, required.

Successful completion of General Insurance Program, preferred, one part of CIC, or one part of CPCU, preferred. Knowledge of applicable policies and forms related to specific lines of business preferred. Knowledge of insurance regulations as related to applicable lines of business preferred. Experience with Microsoft Office products preferred.

Physical Requirements

Lifting 0-20 lbs; Occasional (
Lifting 20-50 lbs; Occasional (
Lifting Over 50 lbs; Occasional (
Driving; Rarely

Pushing/Pulling; Occasional (
Manual Keying/Data Entry; Often (20-50%)

Climbing; Rarely

Nearest Major Market: Erie
Job Segment: Underwriter, Claims, Compliance, Insurance, Legal