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Product Specialist

Employer
Merchants Insurance Group
Location
Buffalo, New York
Salary
Competitive pay scale and outstanding company bonus
Closing date
Sep 17, 2021

View more

Category
Product Manager
Job Type
Full Time
Career Level
Experienced (Non-Manager)

Job Details

Product Specialist

Buffalo, NY

Merchants Insurance Group, is a leading Property and Casualty Insurer in the Northeast, and is looking for a Product Specialist for our Corporate Commercial Product Management team to join our Corporate Headquarters located in Buffalo, New York.  Merchants Insurance Group is proud to be named a “Fast Track” company for the 2nd year in a row by Buffalo’s Business First.

The safety of our colleagues, both current and future, is Merchants Insurance Group’s highest priority. At this time, most of our colleagues are working remotely due to the current COVID-19 pandemic. The candidate selected for this position will be trained remotely and must be able to work from home in a designated work area until such time as it is determined that colleagues will return to the office.

The Product Specialist will become part of a dedicated Product Management team focusing on assisting the Product Manager with research, product and competitor analysis, definition of new products and product enhancements including coverage/endorsement needs, exposure analysis, rating plans, marketing opportunities and training needs for the assigned line of business.

Essential Duties and Responsibilities include, but are not limited to: 

  • Provides support to the Product Manager in the management of the assigned line(s) of business by monitoring and analyzing results, monitoring and analyzing competitor information, implementing corrective underwriting action and development of new products and enhancements.
  • Works with the Product Manager to manage the rate review process for the assigned line of business to assure compliance with all state requirements and timely implementation and communication of rate and/or product changes.
  • Participates in the systems design process for customer-facing quoting platforms to ensure high quality user experience and top quality underwriting integrity.
  • Manages the circular review process including the entry of data to monitor bureau circular activity along with the status of Company adoptions.

Qualifications & Skills:

  • Qualified candidates will have a 4 year degree or equivalent work related experience.
  • Minimum of 3 years insurance company experience.
  • Excellent verbal and written communication skills.
  • Organizational skills.
  • Strong PC skills including Word and Excel are required.

 

Merchants Insurance Group Benefits:

  • Welcoming and positive work environment
  • Flexible work arrangements, including flex scheduling and summer hours
  • Competitive pay scale
  • Generous paid time off package
  • Full Benefits: Health, Dental, Vision, Life Insurance, Short Term Disability, 401(k) employer match amount is 100% up to 6% of your annual contributions. You are immediately 100% vested in the employer match dollars.
  • Two outstanding company bonus programs
  • Tuition Reimbursement

And many more exciting company benefits!! EOE

Company

Since 1918, Merchants Insurance Group has been providing high-quality property and casualty insurance for businesses and individuals throughout the Northeast and North Central United States.

Rated “A-” by the A.M. Best company, Merchants Insurance Group is headquartered in Buffalo, New York and operates regional offices in Buffalo and Hauppauge, New York; Manchester, New Hampshire; and Mount Laurel, New Jersey.  Merchants Insurance Group is proud to be named a “Fast Track” company and Top Private Company for the 3rd year in a row by Buffalo’s Business First, a Super Regional Property/Casualty Insurer by the Insurance Journal and has recently been named as one of Ward's top 50 performing insurance companies in the United States for the second year in a row.  Ward's is the provider of benchmarking and best practices for the insurance industry.  They analyze staff levels, compensation, business practices and expenses for all areas of company operations.

Merchants writes predominantly commercial insurance in market segments with identifiable risk characteristics, concentrating on artisan contractors, business owners and commercial automobile.

Our products are sold through a network of more than 1,000 independent insurance agents. We sell our products through independent agents because we believe they provide value to policyholders through their broad range of products and their insurance expertise.

Outstanding service, competitive rates, personalized attention and a large offering of products make Merchants Insurance Group unique.  Our focused, low-risk approach to property and casualty insurance has proven successful for almost 100 years.  All of our colleagues work to help our agents and protect our customers, gain their trust and earn their business…every day.

 

Company info
Website
Telephone
7168493161
Location
250 Main Street
Bufffalo
NY
14203
US

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