Who are we?

Western National Insurance Group is a private mutual insurance company with over 120 years of experience serving policyholders' property-and-casualty insurance needs in the Midwestern, Northwestern, and Southwestern United States. Known as “The Relationship Company®,” we have always defined success as a measure of the relationships we’ve built over time. In everything that we do, we know that delivering a friendly and helpful interaction makes for a better experience for everyone involved. That’s the power of “nice”. At Western National, nice is something we work to bring to every person and organization with whom we partner and serve.

Does this opportunity interest you?

Western National is seeking a Product Development Analyst to join our team!

The individual filling this role will be self-starter and an expert in their assigned property and casualty insurance product lines. The Product Development Analyst will work collaboratively with other departments and company leadership to ensure products meet corporate objectives.

This role:

• Monitors resources for legislative and regulatory changes and analyze impacts to Western National products
• Partners with Product Manager for assigned business lines to implement coverage and product changes needed for competitive advantage.
• Assists in identifying new Product opportunities which may require policy and form language changes.
• Implements rate, rule, and form changes to comply with statutory and company requirements.
• Ensures filings and approvals of insurance products are compliant with regulatory requirements.
• Gains expertise in ISO product structure and Guidewire Standard Based Templates and take a prominent role in set up and maintenance of the product structure for assigned business lines within the policy administration system.
• Understands rating components and process for assigned lines of business and collaborate with actuaries and rating specialists in the rate making and implementation process.
• Assists in leading and facilitating the collaboration efforts with other departments.
• Serves as subject matter expert in assigned business lines.
• Monitors industry publications and news to ensure product provides value.
• Plays key role in identifying coverage structure and recommending modifications to ensure the future success of the Company.

What is a must have?

• Previous property and casualty insurance experience is strongly preferred.
• Detailed understanding of coverage and structure of property and casualty insurance products in personal and/or commercial lines.
• Demonstrated ability to guide others at all levels on key decisions and direction.
• Proven ability to facilitate a collaborative and productive environment across an organization.
• Intermediate experience in MS Excel and MS Word.
• Working knowledge of regulatory requirements.

What will our ideal candidate have?

• Experience with System for Electronic Rate and Form filing (SERFF) and bureau websites is preferred.
• 4-year degree or equivalent work experience in relevant field preferred.
• Insurance certifications (CPCU) are preferred.
• Previous experience with Insurance Compliance is a nice to have.

Compensation overview

The full hiring range for this role is $55,300-$83,000. However, the base pay offered may vary depending on the job-related knowledge, skills, credentials, and experience of each candidate as well as other factors such as the scope and location of the role. Candidates looking for compensation outside of the posted range are encouraged to apply and will be considered based on their individual qualifications and/or may be considered for other positions.

Culture and Total Rewards

Western National has long been known as “The Relationship Company®”, and caring for our employees is part of that relationship commitment. We value connectiveness, empowerment, and accountability, and we believe that our employees are our biggest assets. Nearly half of our employees choose to stay at Western National for ten years or more!

Currently ranked as the 37th largest private company by revenue in Minnesota (Minneapolis-St. Paul Business Journal), Western National has earned accolades year-over-year as an employer of choice and garnered multiple awards for wellness in the workplace. Western National was also named a Star Tribune Top Workplace in 2021 and 2022. The Group is consistently recognized as a Ward’s 50 property-and-casualty insurance company for its outstanding financial results.

Western National offers full time employees a significant Total Rewards Package, including:

• Medical insurance Plan options and other standard employee benefits, including dental insurance, vision benefits, life insurance, disability insurance, and more!
• Health Savings Accounts (HSA) and Flex Spending Accounts (FSA)
• 401(k) Plan (plus company match)
• Wellbeing Program, including onsite fitness studio
• Time Off – including vacation, volunteer, and holiday pay
• 100% company-paid tuition reimbursement for approved job-relevant coursework and access to The Institutes (Risk & Insurance Education)
• Paid parental leave
• Bonus opportunities

Western National believes in supporting balance between work and life by providing a flexible work environment, with includes a variety of hybrid and remote work arrangements designed to balance individual, job, department, and company needs.

Western National provides employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

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