Product Analyst Iii

WHO WE ARE
IMT is proud of our heritage and will never forget where our roots are firmly planted. Locally run from its office in West Des Moines, Iowa, IMT has been a Midwest company since it was founded in Wadena, Iowa in 1884. That's almost 140 years!
Today, IMT continues to offer a strong line of personal and commercial insurance products for which it has always been known, along with exceptional service for a competitive price. Our products are offered through Independent Agents throughout a six-state territory - Iowa, Illinois, Minnesota, Nebraska, South Dakota, and Wisconsin.
PRODUCT ANALYST III
IMT Insurance is looking to fill the position of Product Analyst III to join our Research and Development Department. This individual will research, develop and enhance new and existing property casualty insurance products utilizing market intelligence. If you would like to learn more about this position, apply online today!
A DAY IN THE LIFE

• Create and develop new coverages and policy enhancements
• Assist in researching, developing and enhancing new and existing property casualty insurance products
• Monitor and review relevant rating and form bureau activity
• Coordinates rate and forms changes with internal staff and communicates changes to field staff
• Respond to routine insurance department questions or concerns
• Respond to routine regulatory and compliance questions and concerns
• Prepare rate and form filings and monitor the status of those filings
• Develop and maintain company manual pages, forms and endorsements
• Serve as a technical underwriting resource and partner with underwriting in the development of rules and guidelines
• Analyze competitive market intelligence to identify trends and conduct in depth research of competitor filings
• Perform ad hoc analyses on internal and external data to support data driven decisions

DESIRED QUALIFICATIONS

• Advanced knowledge of personal or commercial lines products.
• Experience in writing policy language.
• Experience in compliance/insurance regulation.
• Experience in researching, developing and enhancing new and existing property casualty insurance products
• Actively listens with strong oral and written communication skills
• Understands how to communicate difficult and sensitive information tactfully
• Ability to pay close attention to details and concentrate up to fifty percent of work activities
• Analyze problems and implement solutions
• Maintain an advanced understanding of insurance regulation with respect to underwriting, rating and forms
• Develop or maintain a working knowledge of company policy and loss administration systems
• Understands product rating structures and principles of pricing products with respect to primary line of business
• Maintain basic knowledge of the impact of reinsurance on product design
• Must possess the ability to work well with others.
• BS/BA Degree or equivalent with 5 or more years of insurance related experience (preferable 7 or more), including 5 or more years of compliance, product development or actuarial experience
• CPCU preferred - in lieu of CPCU, an MBA/JD or an MS/MA in technical or quantitatively oriented field is acceptable.
• Intermediate Microsoft Word & Excel, Adobe Acrobat

BENEFITS & PERKS
IMT Insurance is committed to our employees and their families. When you work for IMT, you earn far more than just a paycheck. The IMT office was new in 2018 and offers a fitness room, game room and a variety of collaboration areas. This position includes hybrid work arrangements, learning and development opportunities and more! Below is a list of what IMT offers our employees:

• Medical, dental, and vision insurance, AD&D insurance, 401K retirement savings accounts, spending accounts, long and short-term disability, profit share, employee assistant program and additional voluntary benefits.

The salary range for this position is $54,000.00 - $107,000.00
Starting salary and level of position will depend on level of experience
WHAT DEFINES US
Our vision is to be the company of choice, providing extraordinary, equitable, and worry-free experiences for a diverse group of agents, customers, and employees.
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant based on race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.
Our agents and customers come from all walks of life and so do we. Our goal is to hire great people from a wide variety of backgrounds, because it makes our team stronger. If you share our values and our passion for creating a Worry Free life for others, we want to talk to you!