Analyst, Product Development

Feb 13 2024
Category: Insurance
Job Description

Job Summary:

 

**Hybrid Work Environment - Must reside in Hawaii **


Pay Range: $53,996 - $79,258

 

Note: Individuals typically begin between the minimum to middle of the pay range

 

The Analyst, Product Development performs research, analysis, and assessment of the business and financial impact of new products and benefits. The position analyzes options and alternatives as part of the assessment of new products or changes to existing products and recommends solutions. The Analyst participates in the implementation of new products and benefits and the implementation of benefit modifications. The position is also responsible for supporting other features of the change process such as regulatory filings and or implementation of new products and benefits.

 

Minimum Qualifications:

 

  1. Bachelor's degree and two years of related work experience, or equivalent combination of education and work experience
  2. Strong oral and written communication skills, including ability to develop presentations and articulate analytic results and assessments.
  3. Strong problem-solving skills.
  4. Basic working knowledge of Microsoft Office applications including but not limited to Word, Outlook/Email and PowerPoint.
  5. Intermediate working knowledge of Microsoft Office applications including but not limited to Excel.

 

Duties and Responsibilities:


  1. Support the development of new products and benefits by performing the analysis and coordinating the efforts of others to produce the necessary information to be used in decision making by HMSA leadership. Produce comprehensive assessments of proposed changes through collaborative efforts with internal partners and subject matter experts. Prepare financial, brand, regulatory, customer, market competitor, provider and other business impact analyses for review during the product development and change process. Prepare product and benefit change analyses and assessments for review during the product development and change process. Present information in a way that emphasizes clarity and assists with understanding and decision-making by the intended audience.
  2. Support the filing and implementation of all new products, benefits and language changes. Assist in assuring that documentation, communications as well as Evidence of Coverage (EOC) documents, Guide to Benefits, certificates, and/or other product materials correctly reflect necessary changes.
  3. Assist with strategic portfolio assessments, setting objectives and making recommendations for change based on goals, operational constraints and limitations. Assist in identifying areas of product and/or benefit inefficiency and work with internal business partners to make improvements
  4. Research and analyze the implications of ad hoc benefit or product change requests. Evaluate employer group requests for new products or benefits by understanding the business objective and providing an assessment and solutions to meet the request, often on a short turnaround basis.
  5. Performs all other miscellaneous responsibilities and duties as assigned or directed

 

**For more information and to apply, please visit www.hmsa.com/careers**

 

Equal Opportunity Employer - Minorities/Women/Protected Veterans/Disabled