Product Development Analyst

Description

Product Development Analyst

Hybrid role in St. Petersburg, FL

Company Overview 

At Vault we specialize in providing personal insurance for highly successful individuals and their families. As a fast-growing disrupter Vault is fueled by a team inspired to protect our customers' most prized possessions. When others say it can’t be done Vault’s unrivaled business model equips our underwriters with the ability to offer more coverage and customized solutions for the most exquisite homes, automobiles and collectibles. Our in-house risk managers are experts when it comes to understanding the unique intricacies of insuring successful customers, ensuring proper coverage, loss prevention and emergency preparations.

 Why Choose Vault 

Voted Best Places to work in Tampa Bay 

An innovative, open-minded environment, built on trust and empowerment 

A diverse and inclusive organization where we value each individuals’ strengths and expertise 

A team committed to charity and community involvement 

Mentorship from the top minds in the industry 

A forward-thinking team backed by cutting edge technology 

A-Financial Strength rating by AM Best 

Comprehensive benefits tailored to your lifestyle 

Job Responsibilities include but are not limited to:

· Conduct market research to identify opportunities for new products and enhancements to existing offerings.

· Analyze data related to customer preferences, market trends, and competitive products.

· Collaborate with product managers, marketing teams, and engineers to develop product specifications and requirements.

· Support the product development process, including prototyping, testing, and validation.

· Monitor and report on product performance post-launch, providing insights and recommendations for improvements.

· Assist in the preparation of product documentation, including business cases, feasibility studies, and project plans.

· Maintain strong relationships with internal stakeholders and external partners.

· Ensure Personal Lines policy forms are accurate, in compliance, producing effectively and supporting our company’s goal to offer a competitive coverage product to our members

· Work closely with Actuarial, Underwriting, Marketing, and Claims to develop forms, product manuals, product comparisons and product communications

· Create and enhance the company’s product including, but not limited to, forms, manuals, member policy package, implementation of forms, etc., to ensure competitiveness in the marketplace

· Draft and prepare filings and responses to negotiate approval for form and rule filings with the Department of Insurance (DOI) and Office of Insurance Regulation (OIR) through to completion

· Research primary competitors for opportunities for improvement

· Interpret insurance forms, statutes, rules, regulations, develops conclusions, and makes recommendations

· Perform analysis of existing forms and manuals on a regularly schedule basis for effectiveness

· Research and analyze external information sources to provide updated, accurate competitive analysis including rates, guidelines, and forms coverage information

· Compile, analyze and report on product market trends to assist in determining product strategy

· Consistently perform User Acceptance Testing for accuracy of enhancements and modifications of forms installations, identify, document and report discrepancies found

· Perform all responsibilities using established department processes, quality control procedures and checklists

Job Requirements include but are not limited to:

- Bachelor's degree in Business, Marketing, or a related field

-5-7 years of P&C insurance experience, preferably high net worth experience

- 2 years of experience in product development or a related field

- Strong analytical and problem-solving skills

- Excellent communication and collaboration skills

- Ability to work independently and manage multiple projects simultaneously

- Proficiency in Microsoft Office and project management tools

Benefits include but are not limited to: 

Flexible Spending Accounts & Health Savings Accounts, with company contributions 

Company paid comprehensive life & disability insurance plans. 

24/7 Telehealth Doctor Access, Virtual wellness screenings, Employee Assistance Programs 

Company 401k retirement plan with Day 1 eligibility (5% company match, 100% immediate vesting) 

23 PTO days/yr 10 paid holidays... and so much more! 

We believe diversity makes us better, and we seek to create a workplace where all feel a sense of belonging.