Product Specialist - Commercial Lines

Product Specialist - Commercial Lines

Merchants Insurance Group is a leading Property and Casualty Insurer in the Northeast and is looking for a Product Specialist for our Corporate Product Management team to join our Corporate Headquarters located in Buffalo, New York.

The Product Specialist will become part of a dedicated commercial lines product team focusing on reviewing product and competitor analysis, defining new products with consideration for product enhancements including coverage / endorsement needs, exposure analysis, tiering, rating plans, marketing opportunities and training needs for the assigned lines of business.

Merchants Insurance Group, rated A- (Excellent) with a stable outlook by the A.M. Best Company, is proud to be one of Buffalo Business First's Best Places to Work in Western New York (2023-2025), a Fast Track company (2019-2025), and a Top Private Company (2019-2025). Merchants was also granted the Ward's 50 designation as a top-performing property-casualty insurance company for four consecutive years (2021-2024) and has been granted the Ivans Spark Award for innovation (2024-2025). In October 2024, Newsweek and Statista included Merchants Insurance Group on their first-ever America's Most Reliable Companies list, which highlights organizations that other companies can feel confident doing business with in 2025. Of 1,500 B2B companies evaluated, Merchants was one of only 300 companies to make the list.

Merchants offers its colleagues a Hybrid work schedule. The Hybrid work schedule requires 8 full days per month in the office, with the option to work the remaining days at home or in the office. This exciting Hybrid Work benefit offers colleagues a flexible work schedule with the ability to remain connected with their Merchants team and colleagues.

Essential Duties and Responsibilities include, but are not limited to :

• Supports Product Managers in the management of the assigned line(s) of business by monitoring and analyzing results, monitoring and analyzing competitor information, implementing corrective underwriting action and development of new products and enhancements to achieve corporate loss ratio and production goals.
• Works with Product Manager to manage the rate review process for the assigned lines of business to assure compliance with all state requirements and timely implementation and communication of rate and / or product changes.
• Responsible for the management of the circular review process including the maintenance bureau circular activity along with the status of Company adoptions.
• Research, analyze, document and monitor product modifications and system modifications based on bureau approval or regulatory changes. Assist with the implementation of these changes.
• Act as Project Lead or team participant on projects involving product or system updates. Effectively employ project management strategy, skills and procedures to meet project objectives.

Qualifications & Skills :

Merchants Insurance Group offers a competitive pay scale. The estimated salary for this role ranges from $75,000 - $100,000 based on leveling and geography, along with an equity component and a comprehensive benefits package. This range is merely an estimate; actual compensation may deviate from this range based on skills, experience and qualifications.

Merchants Insurance Group Benefits :

And many more exciting company benefits!! EOE