Product Analyst

About the role

The Product Analyst at Frontline Insurance plays a crucial role in ensuring high-quality service and proactive solutions for all customers. This role is ideal for someone who wants to make a meaningful impact and grow their career.

Responsibilities

• Develop/revise product rate/rule manuals and forms as part of state product strategies or state compliance, for filings with Department of Insurance jurisdictions.
• Control all insurance policy forms and maintain Forms Matrix.
• Perform analysis of existing forms and manuals on a regularly scheduled basis for effectiveness.
• Research statutory changes and provide management with requirements.
• Support the negotiations for approval of forms filings with OIR/DOI’s.
• Research and analyze external information sources to provide updated, accurate competitive analysis including rates, guidelines and forms.
• Provide Market Analysis – create and maintain rates and profiles of major competitors.
• Perform a complete market basket analysis of rate position by territory/zip code on a number of different risk profiles.
• Keep up to date of competitor filings and rate levels through OIR/SERFF/S&P websites.
• Support department and operations by performing analysis as needed.
• Analyze and report on loss trends, cancellations, retention, attrition, NB production, NB quality, PIF quality and any other ad-hoc requests.
• Provide input on pricing, reserving and risk management strategies.
• Identify and resolve rating discrepancies.
• Process accurate and well documented business requirements for all changes.
• Test changes for accuracy and document discrepancies.
• Follow-up to ensure corrections are made timely and accurately.
• Independently work on supporting new products and features.
• Review and recommend procedure changes.
• Develop documentation and implementation processes for changes as needed.
• Perform all responsibilities using established quality control procedures and checklists.

Requirements

• Bachelor’s degree from an accredited college or leadership experience is required.
• Preferably a focus of Accounting, Risk Management, finance, business, or statistics.
• Data Analytics and experience in data extraction and interpretation required.
• Three (3) to five (5) or more years of experience working in Property Casualty field preferred.
• Strong ability to read, analyze, and interpret governmental regulations, technical procedures, insurance business periodicals/circulars, and professional journals.
• Proven knowledge of insurance concepts, insurance contract interpretation & layout, principles and practices preferred.
• Strong analytical tool skills; SQL, PowerBI, Tableau, R preferred.
• Excellent Excel skills required.
• Excellent oral and written communication skills.
• Excellent organizational skills, ability to multi-task and set priorities.
• Strong analytical and problem-solving abilities.
• Strong knowledge of the insurance industry, preferably homeowner’s and commercial insurance and interdependent processes between sales, underwriting and claims.
• Experience with the Guidewire suite of products is preferred.
• Interpersonal skills to work collaboratively with various stakeholders who may have competing interests.
• Embraces a continuously evolving breadth of projects and goals.
• Takes initiatives and works efficiently while maintaining a focus on the bigger picture.
• Manages expectations; prioritizes own workload and communicates status.
• Dedicates time and interest to learning and improving.

Qualifications

• Strong analytical and problem-solving abilities.
• Strong knowledge of the insurance industry, preferably homeowner’s and commercial insurance and interdependent processes between sales, underwriting and claims.
• Experience with the Guidewire suite of products is preferred.
• Interpersonal skills to work collaboratively with various stakeholders who may have competing interests.
• Embraces a continuously evolving breadth of projects and goals.
• Takes initiatives and works efficiently while maintaining a focus on the bigger picture.
• Manages expectations; prioritizes own workload and communicates status.
• Dedicates time and interest to learning and improving.

Skills

• Data Analytics
• Insurance Contract Interpretation & Layout
• SQL, PowerBI, Tableau, R
• Excel
• Communication Skills
• Organizational Skills
• Problem-Solving Abilities
• Interpersonal Skills
• Collaborative Work Environment
• Learning and Improvement

Benefits

• Hybrid work schedule
• Health & Wellness: Company-sponsored Medical, Dental, Vision, Life, and Disability Insurance (Short-Term and Long-Term)
• Financial Security: 401k Retirement Plan with a generous match
• Work-Life Balance: Four weeks of PTO and Pet Insurance for your furry family members

Pay

Compensation is commensurate with experience.

Schedule

Hybrid work schedule available.