PL Market Analyst

POSITION OVERVIEW

The Market Analyst collaborates with State Managers, Regional VPs & Territory Sales Managers to provide business reporting and base line analysis at the Market and/or Agency level. The individual focus is on driving PL business results based on either growth state or core state initiatives, as established by the State Manager and RVP. With oversight, provides ongoing state and agency level reporting leveraged by field and state management teams.

IN THIS ROLE, YOU WILL:

• Analyze loss ratio and production trends at the Agency level, including root causes and recommendations for improvement
• Evaluate portfolio trends at state, market and Agency level including identifying outliers requiring deeper dive analysis
• Communicate findings and recommendations to State Manager, Regional VP and Territory Sales Manager. May include delivery
• Cook up all Agency-level reports available across the organization (production, Q-Score, book roll metrics, etc.) and identify monthly / quarterly shifts in results to be communicated to State Manager / State Analysts and field leadership
• Make recommendations for follow-up analysis as directed
• Work with individual State Managers to develop key metrics for success, and report monthly / quarterly on progress to goals
• (goals can be established by market, by Agent or state level)
• Begin to be involved in agency relationships and use data to work with field and state teams to better understand the market
• In conjunction with State Managers within assigned territory, achieves the annual Personal Lines plan for loss ratio, premium, new business, profile improvement and renewal retention
• Analyze blocks of business across geography, agency, time and characteristics
• Work with fellow analysts across the business to develop best practices and improved drills around Agency level analysis

WHAT YOU NEED TO APPLY:

• Bachelor’s Degree preferred but not required
• Typically has 2-3+ total years related experience, generally in financial or business analysis; preferably within the P&C industry
• Demonstrated aptitude to understand and comprehend business and financial based logic
• Proven knowledge and understanding of the insurance industry

CAREER DEVELOPMENT:

We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you – at every level – to grow and develop.

BENEFITS:

• Medical, dental, vision, life, and disability insurance
• 401K with a company match
• Tuition reimbursement
• PTO
• Company paid holidays
• Flexible work arrangements
• Cultural Awareness Day in support of IDEOn-site medical/wellness center (Worcester only)

COMPENSATION:

The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.