Product Analyst

Applicants must be legally authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this opportunity.

What will be my duties and responsibilities in this job? 

• Ensure integrity of existing products by serving as team member on channel-driven product enhancement projects.

• Assist in researching business ideas and market opportunities or trends that lead to new product ideas.  Assist in effort to analyze financial potential of new product ideas.

• Understand rate making and product costs (direct and indirect) in analyzing future actions at a state level and rate making exercises. 

• Define and develop new product features, and market positioning based upon customer need and competitive environment. 

• Develop and improve quality standards, administration, policy language and pricing for new and existing products.

• Develop and present business plans and justification for new business opportunities/new products.

• Support direction of internal resources and vetting external vendors for effective implementation of new products.

• Analyze testing of new products and existing products enhancements to ensure product maintains positioning and profitability.

• Keep up on latest industry and consumer trends by attending educational workshops, reviewing professional publications, Internet research, establishing personal networks, and/or participating in professional societies.

• Help ensure implementation/testing of new and existing products through internal training and selling of new product ideas to sales force and client contact teams.  Assist the client teams by attending client presentations as new product expert when necessary.

• Provide new thought direction and expertise to channels and client teams by attending brainstorming sessions for marketing, product enhancements or new product ideas.

• Support geographic-level reporting and analysis.  Prepare maps, visual summaries, heat-charts, exposure analysis and other similar reports and analysis to understand product exposures and risk management at a granular geographic level.

What are the requirements needed for this position? 

• A minimum of 2 years of experience in product analysis in the Property & Casualty industry.

• Proven analytical and conceptual thinking skills and a high attention to detail.

• Expert level experience with Excel.

• Experienced performing effectively when changes in priorities, direction and resources occur.

What other skills/experience would be helpful to have? 

• Bachelor’s degree in preferred in Insurance, Finance, Business Administration, Marketing, Mathematics or related field.

• SQL experience is highly desired.

• Experience in interpreting forms in the P&C industry.

• Homeowners or Condo insurance experience is highly desired.

• Perform work responsibilities in a timely manner and in a fast-paced, high volume, office work environment.

• Strong relationship building skills, including an ability to influence internal & external stakeholders.

• Ability to prioritize own work to meet tight deadlines with high sense of urgency.

• Inquisitive nature and ability to seek out information.

• Strong organizational skills.

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