Job Description
For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, Sustainability initiatives and inclusive corporate culture.
Our Commercial Lines Product Management team is currently seeking a Specialty Product Analyst. The work arrangement for this position can be based on location (hybrid) or full remote. This is a full time, exempt role.
POSITION OVERVIEW: Our Commercial Lines Product Management Organization is seeking a Specialty Product Analyst who provides leadership, support, guidance, and expertise to facilitate the development, maintenance, and implementation of specialty insurance products. This Product Analyst roll will specialize in the Management Liability space, focusing on Management Liability (includes: Directors and Officers, Employment Practices, and Fiduciary Liability coverages as well as Crime), Financial Institutions and Cyber. Product Analysts are responsible for multiple larger projects and accountable for reporting on and delivering progress within Line of Business/Product functions. Successful Product Analysts will possess subject matter expertise, intellectual curiosity, originality, and ingenuity to execute on assignments.
IN THIS ROLE, YOU WILL: - Demonstrate basic business acumen, which includes LOB and/or system knowledge.
- Responsible for new regulatory case review and determination of appropriate actions.
- Assist and support Product Managers during the Product Development Life Cycle, from the business & functional requirements phase to Product release including concept, scope, specifications, prioritization, product architecture, implementation, user acceptance testing, quality assurance, deployment, and maintenance.
- Maintain working knowledge and understanding of the insurance product lifecycle (PLC).
- Develop business requirements for form implementation for aligned LOB, as well as automation, testing, execution and defect resolution processes and strategies.
- Conduct baseline work.
- Be responsible for low complexity form drafting, including creation of the State Amendatory Endorsements and product/structure/process with guidance from the applicable product manager.
- Handle low complexity form objections from state departments of insurance with guidance from the applicable product manager.
- Collaborate on developing solutions and action plans to address opportunities related to projects and products.
WHAT YOU NEED TO APPLY: - Bachelor's degree or equivalent experience.
- 3-5 years of Specialty insurance experience preferred; or any combination of education and experience, which would provide an equivalent background.
- Demonstrates understanding of coverages/forms in one or more Specialty lines of business.
- Demonstrates a basic understanding of Commercial Insurance.
- Excellent oral and technical writing communication skills.
- Strong ability to influence strategic decisions that support corporate goals.
- Superior interpersonal skills which align with Hanover's CARE values
This job posting provides cursory examples of some of the job duties associated with this position. The examples provided are not complete, and the position may entail other essential and job-related functions and responsibilities that employees will be required to perform.
CAREER DEVELOPMENT: It's not just a job, it's a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you - at every level - to grow and develop.
BENEFITS: We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you'll enjoy what you do and have the support you need to succeed.
Benefits include:
- Medical, dental, vision, life, and disability insurance
- 401K with a company match
- Tuition reimbursement
- PTO
- Company paid holidays
- Flexible work arrangements
- Cultural Awareness Day in support of IDE
- On-site medical/wellness center (Worcester only)
- Click here for the full list of Benefits
EEO statement: The Hanover values diversity in the workplace and among our customers. The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.
Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law."
As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at:HRServices@hanover.com and include the link of the job posting in which you are interested.
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Compensation: The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.
Job Tags
Full time, Temporary work, Remote work, Work from home, Flexible hours,