Insurance Product Job Description

Insurance Product Job Description

158 votes for Insurance Product
Insurance product provides pricing support, including project specific insurance, builder’s risk, bonds, and subcontractor default insurance and ensure accurate accounting and close out.

Insurance Product Duties & Responsibilities

To write an effective insurance product job description, begin by listing detailed duties, responsibilities and expectations. We have included insurance product job description templates that you can modify and use.

Sample responsibilities for this position include:

Manage the negotiation process with Life Insurance Companies and insurance brokers, establish service level agreements (SLAs) and monitor changes to relationship or product offerings
Manage the AML / KYC annual certification process for Life Insurance Companies and the Third Party Oversight process with insurance brokers
Resolve policyholder and Life Insurance Company concerns related to mediation activities or refer activities to the Life Insurance Operations team for resolution
Insurance product development (background working with Polaris Product Writer/Open GI or similar software)
Maintaining / creating / developing product lines using excel templates
End to end manage the online sales channel for Insurance
Budgeting, Forecasting & Target setting for insurance function
Responsible for tracking, reporting & improvement of key quality metrics for insurance portfolio & new sales
Develop rapport and drive a needs based discussion to engage clients in an effort to understand their insurance needs
Develop and maintain current list of life insurance solutions and appropriateness to market segments

Insurance Product Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Insurance Product

List any licenses or certifications required by the position: CLU, KYC, AML, CPCU, PMP, WFT

Education for Insurance Product

Typically a job would require a certain level of education.

Employers hiring for the insurance product job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Economics, Finance, Computer Science, Mathematics, Marketing, MBA, Statistics, Management, Education

Skills for Insurance Product

Desired skills for insurance product include:

Accounting and rate-making concepts
Insurance products
Personal lines rate plans and product offerings
Insurance verbiage
Microsoft Office applications
Access and PowerPoint
Business processes

Desired experience for insurance product includes:

Filing of all documents with CRA, provincial and federal regulatory bodies
Act as a subject matter expert for all Wealth Management product information
Support the development of a marketing and branding strategy
Act as wealth business liason with regards to any regulatory changes (from CRA, provincial or federal regulatory bodies)
Review changes in regulatory environment and ensure new initiatives are well aligned and are in compliance
Skills and related experience to impact and influence others at all levels across a large and diverse organization

Insurance Product Examples


Insurance Product Job Description

Job Description Example
Our company is growing rapidly and is looking for an insurance product. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for insurance product
  • Participate in the development of project initiatives to enhance the life insurance business
  • Provide deep subject matter expertise on insurance products, sales ideas and techniques, the firm's advice and guidance, and suitability parameters
  • Responsible for supervising team to maintain customer service complaints & escalations
  • Drive new projects & initiatives such as IT developments, process upgrades
  • Focus on Acquisition, Retention, Growth and Profitability strategies, working in conjunction with key stakeholders and product managers
  • Subject matter expert for combined home and auto product initiatives for projects and tasks
  • Analyzing growth, retention and business mix
  • Identifying gaps and areas requiring portfolio reviews
  • Performing portfolio reviews to identify root causes of variances in the portfolio performance
  • Communicates results, trends and recommendations to Senior Management in order to build business cases in support of business /product strategies and product management
Qualifications for insurance product
  • Understanding of customer transactions and communication, digital marketing, operational work flows, internet technologies, development methodology for a complex multi-business website
  • Bachelor's degree in Risk, Actuarial Science or related discipline
  • Relevant actuarial qualifications will be an advantage but not necessary as the team head is very much open to non-actuarial candidates who may be able to provide a different perspective
  • Analyze & resolve, on a proactive & responsive basis, client & employee impact product & process issues, addressing underlying systemic issues for H&A related to product fulfillment, digital marketing and other client and sales processes and communications
  • Participates in the process of managing the gathering and sharing of data, information and sharing with the product management team
  • 3 to 5 years background in financial services

Insurance Product Job Description

Job Description Example
Our company is looking for an insurance product. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for insurance product
  • Collaborate with PII actuarial teammates in developing creative solutions to complex problems, such as evaluating the impact of a new accounting or capital framework on the product portfolio
  • Detailed management information reporting
  • Full management of the month end reporting process
  • Management of monthly testing
  • Ensuring accurate distribution of all rating files, co-ordination and retrieval of scheme updates with various software houses
  • Running of monthly batch processes (household schedules )
  • Management and maintenance of back office rates and admin system
  • General IT related queries
  • Assistance in EDI Processing
  • Management of IT Helpdesk queries (filtering, assigning, managing, updating and fixing)
Qualifications for insurance product
  • A proven track record of analyzing data and measuring the performance of activities to solve problems and find/recommend solutions
  • Strong organization skills with the ability to manage multiple projects with frequently shifting priorities
  • Ability to work in a dynamic, demanding, high-pressure matrix environment
  • Maintains confidentiality when dealing with both external and internal customers
  • Flexible in approaching all duties and assignments and shares best practices wherever possible
  • Trong strategic business sense and organizational awareness

Insurance Product Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of insurance product. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for insurance product
  • Updating / sending qualitative questions to external parties and developing answers to new questions
  • Updating periodic external reporting and internal reporting
  • Building periodic presentation for the Pricing Approval Committee
  • Updating template documents
  • Owner of documents repository
  • Proposes improvements to the current process
  • This role will spend the majority of their time holding appointments with clients over the phone
  • Use software, including proprietary programs, to research advisor business, log activity, run hypothetical scenarios, and submit and track business
  • Define and manage the Suitability process for mediation
  • Train and evaluate internal advisors on product offerings
Qualifications for insurance product
  • In addition the Sales Consultant supports compliance with unique provincial regulations and bylaws related to creditor insurance
  • Convey the product vision to the scrum team and define and prioritize the product roadmap and make the final decision on the team backlog’s item prioritization based on collaboration/discussion with stakeholder(s) - such that the solution effectively addresses program priorities while maintaining technical integrity
  • Negotiate to prioritize items in Product Backlog that mitigates scope, operational, technical and financial risk, accelerates team learning, best achieves expected outcomes and optimizes the value of the work performed
  • Ensure Product Backlog is visible, transparent, and clear to all, and shows what the Scrum Team will work on next
  • Author / own requirements, epics, user stories, tasks and timelines aligned with user/customer/market needs, enlisting support from the business system analysts and other SMEs for execution
  • Ensure stories meet the “definition of ready” , including detailed acceptance criteria

Insurance Product Job Description

Job Description Example
Our company is searching for experienced candidates for the position of insurance product. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for insurance product
  • Maintaining the relationships with all insurance companies
  • Providing subject matter expertise on insurance & annuity products and related client planning concepts across the firm
  • Delivering advanced insurance-based training to financial advisors, as needed, and
  • Ensuring compliance with all insurance & securities regulations
  • Working with the Leader of the Insurance & Annuity Products Area to drive the day-to-day performance of the annuity team
  • Maintaining senior management, product and distribution relationships with all insurance companies
  • Ensuring compliance with all insurance and securities regulations
  • Organize and manage information about product offerings with internal audiences
  • Participate in resolving action items to address product risks
  • Maintain products and commissions in product management system
Qualifications for insurance product
  • Define metrics and rationale for measuring success of the solution, the reporting methodology to track value realization
  • Collaborate with scrum master to facilitate sprint team ceremonies including daily stand ups and planning sessions and work with the team to decompose stories into development tasks
  • Guide and mentor scrum team members on hat to execute within the product vision and roadmap
  • Identify and procure business resources for user acceptance testing (where needed) and post-implementation validation, working with the scrum master on the associated planning
  • Act as the scrum team’s single-point-of-contact into various business stakeholder(s)
  • Keep customers or users apprised of status and gather their feedback – testing, validating hypotheses regarding their needs

Insurance Product Job Description

Job Description Example
Our company is looking for an insurance product. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for insurance product
  • Cross referencing Insurance Continuing Education courses and documents
  • Primary reviewer of member materials and internal reference materials, to ensure accuracy and product integrity
  • Develop/enhance pricing models and assumptions, and analyze profitability testing results
  • Support product strategies and pricing activities on business expansion opportunities, such as entry into a new distribution channel or market
  • Support financial projections for new business initiatives
  • Collaborate with PII Product and Marketing to develop product line strategies, and generate ideas for new and enhanced products
  • Coordinate with in-country colleagues to leverage PII designed tools to improve the countries’ product portfolios
  • Establish growth and profitability objectives for assigned states
  • Engage regional Senior Managers to ensure alignment and accountability for the state business plan
  • Develop, review and implement marketing strategies through the integration of the sales, service, underwriting, pricing and claims functions
Qualifications for insurance product
  • Ensure the frontline is trained on and complies with the CBA Creditor Insurance Code of Conduct, which is monitored by the FCAC
  • Identify stakeholder needs, negotiate priorities between competing stakeholder interests, and then collaborate with developers to ensure that the requirements are implemented effectively
  • Identify, establish and maintain strategic relationships with key internal and external decision-makers and stakeholders
  • Bachelor’s degree (or greater) majoring in Actuarial Science
  • Strong knowledge in MS Word, Excel, PowerPoint and Outlook is a requirement
  • Knowledge of Project Management concept

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