Product Filing Analyst

American Capital Assurance Corp. (“AmCap”), an A.M. Best “A- Excellent“ rated commercial property insurance company, is seeking a Product Filing Analyst to join our growing company in St. Petersburg, Florida.

St. Petersburg, Florida

American Capital Assurance Corp.

<p><strong>Join our AmCap Insurance team, and you&rsquo;ll get more than a job.&nbsp; You&rsquo;ll find a company committed to growing, and keeping employees&nbsp;as&nbsp;the number one priority. AmCap Insurance&rsquo;s culture is like no other. Whether it be a birthday lunch, a team builder concert, or flying our entire company to New York, AmCap Insurance knows how to learn, innovate, grow and have fun!</strong></p>

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Overview: The Product Filing Analyst is responsible for ensuring timely and accurate filing activities, maintain competitive analyses, tracks/documents filings (correspondence, manuals and forms), and keeps the company updated on compliance by researching and tracking changes that impact our lines of business.<br /><br /><strong>Benefits:<br /></strong> <ul> <li>Employer paid health, life, and AD&amp;D insurance</li> <li>401K 6% matching contribution; Earned paid time off</li> <li>Reimbursement for health club memberships; Time for healthy activities at work</li> <li>Casual dress code</li> <li>Off-site social/team builder events</li> <li>Monthly and annual bonus opportunities.</li> </ul>
Responsibilities: <ul> <li>Builds relationships with state regulators who handle day to day filing issues to facilitate the filing process.</li> <li>Assists with creation of initial memos and exhibits necessary for the submission of rate, rule and form filings.</li> <li>Maintain electronic corporate records for all filings and state insurance department correspondence. Provide periodic updates to senior management as required.</li> <li>Create and maintain tracking databases and spreadsheets to reflect current filings status and product submissions.</li> <li>Create and maintain insurance policy forms libraries for all commercial products.</li> <li>Monitor rating bureau circulars and bulletins. Summarize findings and advise impact on existing and new product filings.</li> <li>Create and maintain market analysis of rates and profiles of major competitors. A complete market analysis of rate position by territory/zip code on a number of different risk profiles. Keep up to date of competitor filings and rate levels through OIR website.</li> <li>Researches statutory changes and provides management with requirements. Assists with analysis and interpretation of state statutes to ensure product is compliant with state insurance regulations and laws.</li> <li>Researches and synthesizes information pertinent to state expansion.</li> <li>Assists with maintenance of/updates to product raters. Identifies and resolves rating discrepancies.</li> <li>Creates detailed product specifications and delivers to/coordinates with Systems personnel to ensure products are implemented in an accurate, complete and timely manner.</li> <li>Attends regular department meetings and scheduled all-staff meetings.</li> <li>Performs other job-related duties as required.</li> </ul>
Requirements: <h3><strong>AmCap Competencies<br /></strong></h3> <h5><em>Employees are expected to demonstrate the following qualities at all times:</em></h5> <ul> <li>Job Knowledge - Maintains and enhances business knowledge necessary to excel in the position. Understands reinsurance, change management, technology and impact on business, major competitors, and regulations.</li> <li>Collaborates - Builds partnerships and works collaboratively with others across the organization to meet objectives. Develops and delivers communications that are clear and understood. Communications match the needs of different audiences.</li> <li>Time Management/Flexibility &ndash; Responds in a timely manner and completes tasks efficiently and effectively. Operates effectively even when things are uncertain, or unclear. Is flexible and open to change.</li> <li>Prioritizes and Plans - Sets priorities and plans efforts toward accomplishing goals and objectives.</li> <li>Attention to Detail - Performs tasks with a high degree of accuracy and precision.</li> <li>Customer Focus - Sets and maintains high standards for service to internal and external customers. Incorporates needs and concerns of diverse constituencies (e.g., agents, underwriters, claims, and commercial customers) into decision making.</li> </ul> <p><strong>Education and Experience:</strong></p> <ul> <li>Bachelor&rsquo;s Degree in Mathematics, IT, Statistics, or similar Over 3.0 GPA preferred.</li> <li>3+ years&rsquo; experience working in an underwriting, rating, or data analyst role.</li> <li>Insurance Industry designation a plus.</li> <li>Ability to read, analyze, and interpret governmental regulations, technical procedures, insurance business periodicals/circulars, and professional journals.</li> <li>High level of attention to detail and able to produce an accurate work product.</li> <li>Strong verbal and written communication skills.</li> <li>Detail oriented and able to work independently or as part of a team.</li> <li>Experience with Excel and Word required.</li> </ul> <p><strong>Physical and Environmental Conditions: </strong></p> <p>Work is conducted in downtown St. Petersburg, a vibrant waterfront community. Ability to sit and work on a computer for extended periods is required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions of this job.</p> <h5>The above position description is not intended as, nor should it be construed as, exhaustive of all responsibilities, skills, efforts, or working conditions associated with this job.</h5>