Product Management Analyst II

About the role

Applicants for this position are required to be eligible to lawfully work in the U.S. immediately. Employer will not sponsor applicants for U.S. work authorization (example: H-1B visa) for this role.

Responsibilities

• Provide product management support to assigned region on pricing, statistical, regulatory and marketing aspects of a given product or state.
• Gather, monitor, analyze and interpret data for assigned product, pricing and marketing areas/business units.
• Handle moderate to complex assignments.
• Identify issues and opportunities for enhancements.
• Take a new perspective on existing solutions to resolve complex problems.
• Aid in developing recommendations for effective business solutions.
• Present recommendations for improvements to management.
• Participate in and/or lead portions of projects/processes associated with the implementation of new products, programs, standards and/or procedures.
• Research and analyze industry legislation and maintain up-to-date knowledge of new trends and developments that affect property/casualty insurance products/programs.
• Support business units/processes regarding new trends and developments that affect property/casualty insurance/club products/programs.
• Represent the company with vendors, insurance companies and insurance regulatory bodies/club.
• Act as a resource for less experienced staff.

Qualifications

• Education: Bachelor’s degree in Marketing, Finance, Mathematics, Statistics, Actuarial Science, Business Administration or a related field OR a combination of college coursework and equivalent work experience.
• Experience: Using PC software applications: Word, Excel, Access, SAS or Adobe Professional. Experience in at least two of the following: Researching and developing new property/casualty insurance products, Developing property/casualty insurance programs, standards, and procedures, Pricing new/current property/casualty insurance products or statistical work, Underwriting property/casualty insurance products, Marketing or sales of property/casualty insurance products, Adjusting personal and/or commercial lines property/casualty claims, Working with technology teams and user experience teams in creating and delivering online/mobile/insurance platform capabilities.
• Knowledge and Skills: Knowledge of: Techniques, practices, and theories in product, pricing, statistics or marketing, The role of each department involved in program development and implementation, Market and research concepts and techniques, Reinsurance principles, ISO or similar rating bureau system. Ability to: Take initiative to seek answers if not readily available, Collaborate with other areas on policy forms review, modification and approval, Demonstrate analytical and problem solving skills, Plan, organize, gather, analyze and convert data from numerous sources to satisfy reporting requirements and deadlines, Conduct and coordinate quantitative and qualitative market research, Analyze current products to revise/develop new P&C and membership insurance related programs/coverages, Lead initiatives within projects that have multi-functional, multi-divisional, or company-wide impact, Assist in developing strategies for market penetration, Participate in rate making or policy language analysis and decision-making discussions with product manager, Communicate effectively with others in a work environment to include making presentations to various recipients, Represent the department on inter-departmental teams, Serve as a liaison with operations, information systems, claims, corporate functions, underwriting and product managers regarding product, pricing, or marketing responsibilities, Train and assist junior analysts.

Skills

• Create mock-ups of policyholder documents using examples of current and “sister” documents, business direction, and ancillary information.
• Track, manage and report status of all mock-ups being delivered.
• This includes packaging up batches (groups) of documents each week.
• Ensure updates are made based on feedback which may include facilitating decisions when feedback is not straightforward or conflicting.
• Send back any necessary revisions and update commentary to reviewers.
• Gather appropriate sign-off communication.

Benefits

A competitive salary of $72,000 - $75,000 annually with annual bonus potential based on performance.

Comprehensive and flexible benefits package designed to support your health, financial well-being, and professional growth.

• Medical plans with multiple coverage options, including HSA eligibility
• Prescription drug coverage
• Dental and vision benefits
• Employee Assistance Program (confidential support services)
• Retirement & Savings: 401(k) plan to support long-term financial goals. 3% automatic deferral upon eligibility; may contribute 1% to 50% of eligible earnings, either pre or post tax. Company match of 50% paid on employee contributions up to 6% of pay, payable to employees following the end of the year; immediate vesting. Additional company contribution of 4% of pay each pay day into your account; 100% vested after three (3) years of service
• Health Savings Account (HSA) and Flexible Spending Accounts (FSA) options
• Time Off & Leave: Paid Time Off (PTO): Accrual-based, increases with tenure, eligible at 90 days of employment. Full-time new employees will receive up to 12 PTO days annually; accrual based on start date and may include additional PTO based on role and/or state & local requirements. Part-time employee PTO hours are calculated based upon the standard weekly hours the employee is scheduled to work and will accrue at a minimum of 3 hours per month. Paid Holidays: Full-time employees are eligible for 10 company-paid holidays annually, in addition to 1 mental health day, 2 floating holidays and 1 volunteer day. Holidays vary by business unit schedules. Part-time employees are eligible for 8 company-paid holidays annually, in addition to 1 mental health day and 2 floating holidays. Holidays vary by business unit schedules
• Career Growth & Education: Tuition assistance (up to $5,250 annually; 80% covered by ACG), Professional certification support with 100% reimbursement for eligible programs, Opportunities for career development and advancement

Compensation & Benefits Overview

A competitive salary of $72,000 - $75,000 annually with annual bonus potential based on performance.

Comprehensive and flexible benefits package designed to support your health, financial well-being, and professional growth.

• Medical plans with multiple coverage options, including HSA eligibility
• Prescription drug coverage
• Dental and vision benefits
• Employee Assistance Program (confidential support services)
• Retirement & Savings: 401(k) plan to support long-term financial goals. 3% automatic deferral upon eligibility; may contribute 1% to 50% of eligible earnings, either pre or post tax. Company match of 50% paid on employee contributions up to 6% of pay, payable to employees following the end of the year; immediate vesting. Additional company contribution of 4% of pay each pay day into your account; 100% vested after three (3) years of service
• Health Savings Account (HSA) and Flexible Spending Accounts (FSA) options
• Time Off & Leave: Paid Time Off (PTO): Accrual-based, increases with tenure, eligible at 90 days of employment. Full-time new employees will receive up to 12 PTO days annually; accrual based on start date and may include additional PTO based on role and/or state & local requirements. Part-time employee PTO hours are calculated based upon the standard weekly hours the employee is scheduled to work and will accrue at a minimum of 3 hours per month. Paid Holidays: Full-time employees are eligible for 10 company-paid holidays annually, in addition to 1 mental health day, 2 floating holidays and 1 volunteer day. Holidays vary by business unit schedules. Part-time employees are eligible for 8 company-paid holidays annually, in addition to 1 mental health day and 2 floating holidays. Holidays vary by business unit schedules
• Career Growth & Education: Tuition assistance (up to $5,250 annually; 80% covered by ACG), Professional certification support with 100% reimbursement for eligible programs, Opportunities for career development and advancement