Job Information
Axis Product Analyst in Chicago, Illinois
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.
Product Analyst Job Description
Job Family Grouping: Operations
Job Family: Product Development & Support
How does this role contribute to our collective success ?
Candidate will work closely with AXIS Accident & Health (A&H) underwriters to design, develop, revise, or edit and maintain policy form language to ensure policy terms accurately reflect underwriting intent and are compliant with state regulations.
Candidates will assist business units in ongoing efforts to ensure product forms are issued pursuant to approved filings and stay competitive.
The successful candidate must demonstrate an intimate working knowledge of Accident & Health insurance form requirements as well a leisure Travel, Employer Stop Loss, and Pet insurance.
The position requires a strong sense of individual responsibility, critical thinking, and attention to detail.
What will you do in this role?
Effectively and efficiently draft policy forms to facilitate business objectives within established timelines.
Assist in the Product Development process for new products, product re-writes, and endorsements from end-to-end, including:
Drafting language for new products and product enhancements.
Analyzing and developing expertise of state-specific language requirements.
Working with A&H compliance/legal, underwriting, actuarial, claims and operations staff to ensure product, product drafts and amendments meets internal and state requirements.
Create and maintain product issue instructions for proper issuance of MGU forms for approved products.
Conduct research and provide competitive analysis on accident & health products and policy form language.
Assist in review of product proposal output and marketing materials.
Assisting with maintenance of forms library.
Assist in the delivery of products for filing submissions.
Review, respond and negotiate approval of form objections from state insurance departments during the filing submission process.
Research general subject matter requests as necessary using on-line resources inclusive of insurance law applications and other available resources.
Lead and manage projects related to form development and implementation.
Track and report on the status of form related projects.
You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
About You:
We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have:
Bachelor’s degree coupled with relevant Product Analyst experience is required.
Minimum 10 years prior Accident & Health insurance product drafting experience (preferably supplemental A&H products).
Ability to effectively draft policy wordings to facilitate business objectives.
Ability to self-start own tasks, lead and manage projects related to form development and implementation.
Familiarity with A&H state filing and regulatory requirements.
Ability to quickly analyze complex problems and create timely solutions.
Ability to collaborate with various team/departments.
Excellent oral and written communication skills
Proficiency with Microsoft Office Suite applications
What we prefer you to have:
Juris Doctorate
Role Factors :
In this role, you will typically be required to:
Embrace the hybrid culture offered at AXIS, you need to be in office 3 days per week.
Much of the work involves using computers for data entry, analysis, and communication. Comfort with prolonged screen time is necessary.
What we offer:
For this position, we currently expect to offer a base salary in the range of $100k to $130k. Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.
In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.
Where this role is based in the United States of America, this role is Exempt for FLSA purposes.
