Product Analyst

Career OpportunityRole TitleProduct AnalystPurpose of roleThe Product Analyst supports product development (new product and existing products) for US and Canadian products by analyzing, developing, designing, solutioning and supporting the product management function. The product analyst develops, maintains, implements and manages product specifications, rules, rates and training for new and existing products, enhancements and related functions including projects and day to day operations. This is a Hybrid position and requires a minimum of two (2) days a week in the office.Job DescriptionKey ResponsibilitiesResearch, draft and refine insurance contracts and regulatory forms, including applications, to ensure compliance, clarity and consistency with product plan design and regulatory requirementsUse product and regulatory knowledge to support regulatory filings and approval functions including review of filings, objections and interpretation of regulatory requirements. This includes seeking opinions/assistance from several levels of management, business, legal and/or peersSupport product initiatives and enhancements by evaluating and applying industry and Foresters specific knowledge and industry best practices within the Product Development life cycleUse product, regulatory and process knowledge to support projects, enhancements, day to day operations, inquiries related to product rules and process and improving processes and procedures, while ensuring product integrity and regulatory compliance are metParticipate in various stages of quality assurance testing of the product rules including review of test criteria, contract content and data validation, processes and system changesCollaborate with key stakeholders, subject matter experts and project team members in defining functional, and business process improvements and providing recommendations to allow key stakeholders to make sound decisionsKey Qualifications & SkillsEducation (minimum required): University degree or college diplomaLOMA designation or other industry accreditationParalegal background an assetExperience (minimum required): 5-10 years' experience in operations, actuarial, product, or business analysis rolesStrong life insurance background and technical writing or legal background an assetAttention to detail and strong analytical, writing, and communication skills are essentialKnowledge of US and/or Canadian life insurance and annuity products and regulations. A broad understanding of Foresters products, functions and systems are an assetFunctional knowledge of the product development life cycle (such as product concepts/definition, planning, estimating, requirement gathering, analysis and testing) from plan conception to product launch and post launchStrong knowledge of building and maintaining products on the administration system, including contracts, calculations, product rules and rate structuresAbility to multi-task and prioritize to meet deadlines in a demanding, fast-paced environmentExcellent facilitation and interpersonal skills with the ability to work independentlyCommitment to a strong culture of ethics, compliance and risk identification and managementWillingness to learn new concepts and technologies, adapt to changes and demands as it relates to product design, development and implementationAbility to assess impacts on business processes and product development/management processes requires minimum two (2) days a week onsite.Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves. Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email accommodations@foresters.com in advance of your appointment.Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.