Product Development Specialist I - Erie Insurance (Mechanicsburg)

Compensation

: $65,090.00 - $95,690.00 /year *

Employment Type

: Full-Time

Industry

: Financial Services - Insurance



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Division or Field Office:

Personal Lines Products Division

Department of Position: Personal Lns Product Svcs Dept

Work from:

Erie Corporate Office

At Erie Insurance, youre not just part of a Fortune 500 company; youre 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.

  • This position will support personal lines
  • The 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
  • 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.

    Participates in and supports IT projects related to product changes.

    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.

    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.

    Competencies Ability To Learn And Follow ProceduresAbility to Manage ComplexityDecision MakingDetail OrientationDeveloping And Maintaining RelationshipsInformation Management SkillsInterpersonal CommunicationJob-Specific KnowledgeOral CommunicationPlanning And OrganizingProblem AnalysisService OrientationTime 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 (<20%)Lifting 20-50 lbs; Occasional (<20%)Lifting Over 50 lbs; Occasional (<20%)Driving; RarelyPushing/Pulling; Occasional (<20%)Manual Keying/Data Entry; Often (20-50%)Climbing; Rarely
    Associated topics: adjuster, claim, claim adjuster, claim investigator, fraud, insurance adjuster, insurance investigator, liability, liability adjuster, title examiner * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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