The Product Specialist, Commercial and Farm Products at Red River Mutual is responsible for the maintenance, enhancement, development, and implementation of Commercial and Farm Products.
Requirements
- Identify opportunities for innovation and improvement within the product portfolio.
- Ensure product development aligns with company goals and customer needs.
- Track and analyze product performance using sales data, customer feedback and market trends.
- Adjust products to improve profitability and customer satisfaction.
- Ensure products comply with regulations, standards and reinsurance contracts.
- Conduct market research to identify customer needs, market trends and competitive landscape.
- Develop new products and features based on data and research findings, including development of wordings, underwriting guidelines and rules.
- Collaborate with underwriting, actuarial, sales and IT teams to ensure timely delivery of new and updated products.
- Collaborate with marketing teams on product launch and communication plans
- Provide training and support to sales, underwriters, and broker teams for successful product rollouts.
- Establish and train on risk acceptance criteria aligned with market trends, regulations, and profitability goals.
- Develop and maintain underwriting guidelines and policies, including periodic data-driven reviews.
- Provide oversight on insurance policies, ensuring optimal coverage and compliance.
- Ensure consistency and compliance with underwriting guidelines, policies, and procedures across regions.
- Use data analytics to assess risk, identify trends and make informed decisions.
- Stay informed about regulatory changes and ensure alignment and compliance.
- Perform regular reviews of underwriting files for compliance and improvement.
- Train underwriters on best practices, guidelines, and regulatory requirements.
- Stay informed on industry trends and technological advancements to identify and implement innovative feature enhancements to Guidewire Policy Center.
- Track and optimize Guidewire Policy Center performance, focusing on user adoption, system efficiency, and business impact.
- System Functionality (Policy Center) improvements; gathering and defining business requirements, ensuring that they align with system capabilities, reducing system defects and collaborating with IT to ensure system interface design supports successful implementation.
- Develop and deliver training programs, providing ongoing support to users and stakeholders.
- Collaborate with various departments to ensure product and underwriting success.
- Manage relationships with external partners for smooth operations.
- Prepare the organization for product, underwriting, and Policy Center changes, helping manage adoption and minimize resistance.
- Gather and integrate feedback from internal and external stakeholders to improve products and underwriting.
- Act as liaison between business units and technical teams for clear communication of changes and goals.
Benefits
- Generous Paid Time Off
- 401k Matching
- Retirement Plan
