Why have FUN when you can have PhUN?!?! At Pharmacists Mutual, we've cultivated a unique culture centered around our employees and the goal of profitable results, all while putting our members at the heart of our mission and vision. If Relationships, Integrity, Citizenship, and Excellence align to your core values, you'll want to make us your employment home. All you have to do is knock. Smiles and opportunity are waiting inside just for you.
Pharmacists Mutual Insurance has an opening for a Product Analyst. This role analyzes policy/coverage form, rate and rule revisions in support of Company strategic initiatives. Initiates internal reviews to monitor profitability and competition. Assists with the development of new products and product enhancements, expansion of existing businesses, or special products.Partners with Underwriting, Distribution and Member Support, Legal, Compliance, Marketing, Claims and Finance to assure product modifications meet requirements of those departments. Assists business units with complex analytical projects, and identifies and addresses key business issues. Prepares presentations for Executive Management of alternative and recommended product changes. Initiates Company implementation of required and selected revisions
.
Product Analyst
- IResponsible for basic ratemaking and/or product dutie
- s.Manages small and medium sized projects and initiatives with direction and assistanc
- e.May train others on product development program
s.
Product Analyst
- II Responsible for moderately complex ratemaking and/or product duti
- es.Manages small, medium, and large sized projects and initiatives with minimal direction and assistan
- ce.Trains others on product development progra
ms.
Essential Funct
ionsEssential functions may include, but are not limited to the followi
- ng: Reviews advisory organization filings and assesses impact on P
- MIG.Researches industry trends, competitor products and pricing, niche markets, insurance regulations and statu
- tes.Demonstrates a working understanding of rate adequacy analysis and/or policy coverag
- e. Develops advisory organization form, rate and rule change analyses for presentation to Executive Managem
- ent.Develops Company proprietary form, rate and rule revisi
- ons.Demonstrates a working knowledge of data extraction, manipulation and analy
- sis.Submits complete and accurate filings to state Departments of Insurance with minimal objecti
- ons.Coordinates with IT to develop specifications to implement form, rate and rule proje
- cts.Monitors and assists in testing policy processing system revisi
- ons.Assists in developing and presenting revision training to internal us
- ers.Monitors effects of pricing revisions implemen
ted.
Knowledge, Skills and Abili
- ties:Knowledge of PMIC products and pri
- cing.Understand principles and practices of insurance underwri
- ting.Interpret premium algorithms and coverage nua
- nces.General understanding of insurance accounting and Company financial statem
- ents.Communicate effectively with others (oral and writ
- ten).Analyze complex issues and make critical decis
- ions.Maintain records, prepare reports and conduct correspondence related to the
- work.Interpret and apply laws, rules and regulations, as well as complex policy and contract cove
- rage.Obtain and use sensitive information discreetly and objectively, both internal and exte
- rnal.Determine when to escalate concerns to the appropriate level of manage
- ment.Follow oral and written direct
- ions.Correct English usage, spelling, grammar, vocabulary and punctua
- tion.Work effectively with others in a team environ
- ment.Contribute effectively to the accomplishment of team or work unit goals, objectives and activi
- ties.Establish and maintain effective working relationships with those contacted in the course of
- work.Excellent customer service sk
- ills.Ability to organize and prioritize
- work.Work independently and demonstrate drive and initia
- tive.Ability to handle multiple tasks at
- once.Meet definite deadlines and deal with pressure situat
- ions.Collect, interpret, and input data efficiently and accura
- tely.Use computer and related software effecti
vely.
Experience and Education Qualifica
tions:
Product An
- alyst IAssociate’s degree or equivalent and 3 years of related experie
- nce; orBachelor’s
Degree
Product An
- alyst IIAssociate’s Degree or equivalent and 5 years of related experi
- ence; orBachelor’s Degree and 3 years of related experi
- ence; orMaster’
s Degree
Work En
- vironmentPrimary work environment is in a climate-controlled offic
- e settingWork may involve travel to attend meetings at other
locations
