Product Development Specialist I - Erie Insurance

Division or Field Office:

Commercial Products & Services Division
Department of Position: Comm Lns Prdt & Svcs Dept
Work from:
Millcreek/Westport Salary Range:
$54,176.00-$86,542.00*

salary range is for thislevel and may vary based on actual level of role hired for

*This range represents a national range and the actual salary will depend on several factors including the scope and complexity of the role and the skills, education, training, credentials, location, and experience of an applicant, as well as level of role for which the successful candidate is hired.Position may be eligible for an annual bonus payment.

At Erie Insurance, you're not just part of a Fortune 500 company; you're also a valued member of a diverse and inclusive team that includes more than 6,000 employees and over 13,000 independent agencies. Our Employees work in the Home Office complex located in Erie, PA, and in our Field Offices that span 12 states and the District of Columbia.

Benefits That Go Beyond The Basics

We strive to be Above all in Service® to our customers-and to our employees. That's why Erie Insurance offers you an exceptional benefits package, including:

• Premier health, prescription, dental, and vision benefits for you and your dependents.Coverage begins your first day of work.
• Low contributions to medical and prescription premiums.We currently pay up to 97% of employees' monthly premium costs.
• Pension.We are one of only 13 Fortune 500 companies to offer a traditional pension plan. Full-time employees are vested after five years of service.
• 401(k) with up to 4% contribution match.The 401(k) is offered in addition to the pension.
• Paid time off.Paid vacation, personal days, sick days, bereavement days and parental leave.
• Career development.Including a tuition reimbursement program for higher education and industry designations.

Additional benefits that include company-paid basic life insurance; short-and long-term disability insurance; orthodontic coverage for children and adults; adoption assistance; fertility and infertility coverage; well-being programs; paid volunteer hours for service to your community; and dollar-for-dollar matching of your charitable gifts each year.

Position Summary

Working in a collaborative team environment with primary focus on creating new product offerings and updated products that will drive revenue and competitive position. Strong writing and proofing skills, strategic and analytical thinking along with research skills and organizational abilities are important skills for this role. Supports the daily operational functions of the Product Development team by facilitating the product development process all the way from product concept and final approval to implementation. Works closely with other functional groups --- Law, Underwriting, Claims, Compliance, IT, and Product Configuration in order to support, organize, create and maintain products and best practices among product group.

• This is an in office position with hybrid flexibility
• This position is located in our Millcreek/Westport location
• The hiring manager will also consider candidates for Product Development Specialist II.Level of position offered will be based upon the depth and breadth of selected candidate's experience and qualifications.

Duties and Responsibilities

Drafts basic policy language for existing products as well as informational documents regarding language revisions to be reviewed by higher level specialist, supervisor, and/or business units.

Prepares state insurance filings and responds to any objections to gain state approval.

Researches, analyzes and interprets insurance laws, regulations and court decisions to determine effect on ERIE products and procedures. Works closely with required functional areas to determine the business impact of changes in these areas and to implement required changes by specified effective date.

Participates in and supports IT projects related to product changes.

Ensures policies/attachments are printed correctly and on-time per regulations; identifies process improvements.

Participates in state audits, claims inquiries and compliance issues.

Serves as consultant for marketing and educational materials.

Thefirst 3dutieslisted are the functions identified as essential to the job. Essential functions are those job duties that must be performedin order forthe job to be accomplished.

This position description in no way states or implies that these are the only duties to be performed by the incumbent. Employees are required to follow any other job-related instruction and to perform any other duties as requested by their supervisor, or as become evident.

Competencies

Self-Development

Detail Orientation

Collaborates

Cultivates Innovation

Information Management Skills

Instills Trust

Decision Quality

Job-Specific Knowledge

Values Diversity

Nimble Learning

Customer Focus

Optimizes Work Processes

Ensures Accountability

Qualifications

The minimum education and experience requirements are as follows:

Bachelor's degree, required; or

Associate's degree and two years of experience with insurance contract and compliance analysis, Law, Underwriting, Claims, or related business unit with working knowledge of assigned lines of business, required; or

High school diploma, or GED, and four years of experience with insurance contract and compliance analysis, Law, Underwriting, Claims, or related business unit with working knowledge of assigned lines of business, required.

Successful completion of General Insurance Program, preferred, one part of CIC, or one part of CPCU, preferred. Knowledge of applicable policies and forms related to specific lines of business preferred. Knowledge of insurance regulations as related to applicable lines of business preferred. Experience with Microsoft Office products preferred.

Physical Requirements

Lifting/Moving 0-20 lbs; Occasional (
Lifting/Moving 20-50 lbs; Occasional (
Ability to move over 50 lbs using lifting aide equipment; Occasional (
Driving; Rarely

Pushing/Pulling/moving objects, equipment with wheels; Occasional (
Manual Keying/Data Entry/inputting information/computer use; Often (20-50%)

Climbing/accessing heights; Rarely

Nearest Major Market: Erie