Insurance Product Research & Development Analyst

Are you an Insurance Professional looking for new challenges?

The Ontario Mutual Insurance Association (OMIA) is searching for a Full-Time Insurance Product Research & Development Analyst to work in the Insurance Services Department of OMIA. OMIA offers a hybrid work environment.

The role of Insurance Product Research & Development Analyst will report to, and work closely with, the Team Lead of Product Development. You will be working on a variety of projects and tasks with a special focus on the OMIA policy coverage wording library and related business documents and publications.

Work Experience

You have at least 7 years of experience in the P&C insurance industry in either underwriting, claims adjusting, risk assessment, or broker/agent experience. You have experience with policy/contract wordings, customer service (internal & external), and project management.

This role requires both independent work as well as working in a collaborative team environment internally within OMIA and with other company stakeholders.

In this role, your responsibilities would include, but are not limited to:

• Working on various projects related to all lines of insurance in the P&C industry (with a special focus on farm and other commercial exposures),
• Creating, developing, and maintaining insurance forms, wordings, and accompanying risk selection/underwriting guidelines and other publications for use by OMIA members,
• Conducting market research and analysis on industry trends,
• Assisting member companies to assess risk appetites, business needs, and product offerings,
• Providing customer service and acting as a liaison to various stakeholders,
• Interacting with various departments internally and externally such as Underwriting, Sales, Marketing, Claims professionals, Loss Prevention, Distributors, and Policy administration systems vendors,
• Staying current on industry trends to help provide information, tools, and/or services to Member companies,
• Responding efficiently to Member company queries and business support needs daily.

Personal and Professional Competencies

Your skills would include the ability to:

• Work independently as well as in a team environment to meet project deadlines,
• Demonstrate excellent project management skills to manage multiple projects simultaneously,
• Consistently demonstrate personal initiative and willingness to learn,
• Demonstrate consistent problem-solving skills,
• Prioritize customer satisfaction,
• Demonstrate attention to detail and accuracy while working on policy wordings, contracts, and other supporting business documents,
• Create, deliver, and facilitate professional presentations and training/information sessions related to product,
• Excellent written and oral communication skills,
• Ability to be flexible, prioritize, and work efficiently and effectively in a fast-paced environment,
• Use Microsoft Office 365 products at an intermediate level (i.e., Word, Excel, Outlook, PowerPoint, Teams, SharePoint, Forms).

Education

In considering candidates, the following educational background or equivalent employment experience will be of benefit:

• Post-secondary education (College Diploma or University Degree)
• Chartered Insurance Professional (CIP) Designation
• FCIP
• Commercial Insurance Certificate (Insurance Institute of Canada)

Environment and Travel

Some travel will be required (up to 5 days annually). Occasional overnight travel may be required.

You will join our team of 28 staff at our modern Leeds certified office located close to 401 in Cambridge. Our workplace includes a large fitness centre and outdoor walking paths. Our positive workplace supports a balanced, healthy, and family-oriented lifestyle.

You will have a chance to participate in and get involved with initiatives including wellness programs (in-house and online), green team projects, community and charitable events, and an opportunity for a hybrid work arrangement.

Enjoy a great working environment and competitive salary. If we've sparked your interest, please submit your resume.

The Ontario Mutual Insurance Association (OMIA) is the overarching trade association for 35+ independent mutual insurance companies across Ontario. Each of these is 100% Canadian and owned by its policyholders, and each is more than a century old.

OMIA’s function is to share resources, discuss issues of common concern, and explore opportunities for growth and development among our member companies. At OMIA we enable our member companies to achieve and maintain a high level of excellence by providing leadership through education, training, marketing, and support services. As a result, Ontario Mutuals are among the most financially secure insurance networks in the world.

Education Required

CIP
CIP Partial Completion
CRM
Post Secondary Education