Berkley One exists to insure and protect the lifestyles of a modern generation of affluence. We seek clients that are sophisticated individuals and families who require world-class risk and claims management customized to their needs, a team of select expert independent agents and innovative digital tools to keep it simple and easy. We’ll blend our partners, products and capabilities with all that is Berkley, generating a modern solution for the customers we serve.
Our culture is one of innovation, creativity and teamwork. Our team is highly motivated, passionate about our business, and deeply experienced in developing and delivering product and service solutions in the personal insurance marketplace.
The company is an equal opportunity employer.
ResponsibilitiesWe have an exciting opportunity for a Product Analyst to join our Berkley One Product Management team! You will support new product development and management of existing products while working closely with Product Managers, Legal, IT, Analytics, Underwriting and Marketing departments to ensure coordinated product releases, maintain competitive and compliant policy forms, rates and rules, and enable strategic product initiatives through data analysis and critical thinking. You will be able to use your analytical skills to design data-driven solutions to business problems and drive profitable growth. This is a great opportunity to grow your insurance career with Berkley One!
This position can be based in our offices in either: Morristown, NJ or New York City (Manhattan)
We have a welcoming culture valuing our employees – we trademarked the phrase Everything Counts, Everyone Matters® to describe the Berkley commitment to our people and how we do business. We believe that every person in the organization is important and every accomplishment makes a difference in our results. Come join us!
Key functions include but are not limited to:
Compile and analyze state and industry research and competitor data to inform strategic adjustments, including form, rate and rule reviews, new product development and modifications in underwriting appetiteCollaborate with Product Managers to create comprehensive line of business plans for rate and coverage considerationsSupport the product development life cycle from forms drafting, to preparing filing documents and responding to objections, through implementation and post launch reviewCoordinate with IT on product requirements and conduct UAT on behalf of business stakeholdersCollaborate with colleagues across the organization to ensure alignment across forms, rates, rules and internal systems as well as external and internal communicationsRespond to form and rate related questions, providing guidance to underwriting and other internal business personnel Compile and analyze company results and product KPIs in preparation for product strategy reviewsActively participate in Berkley One Innovation, collaborating with colleagues across the portfolio team around how we can improve our processes and the overall performance of the portfolio Qualifications Bachelor's Degree or equivalent experience2+ years of insurance product development experience preferredFamiliarity with insurance contract design (e.g., ISO) and with pricing and actuarial conceptsExperience working in a mathematical or analytical role Empathy and understanding of the needs of customers, both insureds and their agents alike; an excellent, pro-active advocate for Berkley One customers who is passionate about their brand and coverage experienceExceptional oral and written communication skills with a communication style that is flexible to the situation; able to communicate clearly and with purposeThrives under pressure, with exceptional organizational skills, integrity, and follow-through on tasksA strong attention to detail and ability to juggle competing prioritiesExcellent time management skills with a proven ability to meet deadlinesStrong analytical and problem-solving skillsA strong sense of accountability, resourcefulness, fun and adventureA strong customer service bias, known for your responsivenessNatural curiosity, a love of learning how things work and always looking for innovative improvementsProficient in Microsoft Office Suite of products (Word, PowerPoint, Excel); advanced proficiency with technology Additional Company Details We do not accept any unsolicited resumes from external recruiting firms.The company offers a competitive compensation plan and robust benefits package for full time regular employees including:
• Base Salary Range: $70,000 - $95,000
• Eligible to participate in annual discretionary bonus
• Benefits include: Health, dental, vision, dental, life, disability, wellness, paid time off, 401(k) and profit-sharing plans
The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. Sponsorship Details Sponsorship not Offered for this Role Connect With Us! Not ready to apply? Connect with us for general consideration.