Senior Insurance Product Analyst - Homeowners (Hybrid)

Responsibilities

• Identifying potential insurance markets
• Creating strategic plans for market entry
• Managing the insurance product development lifecycle
• Improving products to increase profitability, improve growth and improve customer experience
• Generating insights and creating cost benefit analysis using performance metrics, customer feedback, market trends, and competitor activities
• Monitoring performance, including customer and agent satisfaction and financial benefits realization

Requirements

• Demonstrated experience providing customer-driven solutions, support or service
• Demonstrated experience performing complex financial, actuarial or business analysis
• Solid knowledge and understanding of customer, business industry, insurance, underwriting guidelines and risk concepts in area of expertise
• Demonstrated problem-solving and analytical skills to review complex products, and/or lines of business
• Demonstrated experience making independent decisions
• Demonstrated experience in project management methodologies, practices, techniques and tools

Qualifications

• High level of analytical skill
• Experience serving as project lead for implementation of products and services
• Ability to monitor and analyze the performance of the product lines, agent, or book of business
• Experience evaluating profit factors and conducting analysis of performance data to provide product strategy recommendations
• Experience developing and maintaining effective working relationships with other lines to identify product gaps and opportunities
• Experience researching and developing concepts for complex new or enhanced products and/or services
• Experience working with partners in pricing/actuarial, claims, etc. to ensure product compliance and financial viability
• Experience preparing contract language, developing initial underwriting guidelines and standards, and overseeing development of new predictive analytics including pricing models and other predictive models
• Experience ensuring product compliance
• Experience producing detailed competitive research and analysis for personal lines products using a variety of information sources and tools to support decision making
• Experience analyzing all available data forming conclusions regarding our competitive position in the marketplace
• Experience providing recommendations to leadership to capitalize on product offerings and geographical areas
• Experience making recommendations to management regarding operational and product changes that may enhance our competitive position
• Experience staying abreast of all rate changes, rating enhancements and program changes by our competitors; researching competitor filings, rate and rule manuals to ascertain changes made and their impact on our competitive position
• Experience making recommendations to management regarding operational and product changes that may enhance our competitive position
• Experience analyzing and reporting accuracy explaining drivers and insights relating to competitive position changes

Skills

• Strategic thinking
• Technical aspects of insurance product development
• Leadership in product development programs
• Market entry strategies
• Product development lifecycle management
• Customer insights generation
• Financial analysis and cost benefit analysis
• Competitive analysis and market trends
• Underwriting guidelines and risk concepts
• Project management methodologies
• Contract language creation
• Pricing and predictive analytics
• Customer relationship management
• Product compliance and financial viability
• Operational and product change recommendations
• Competitive position analysis

Benefits

• Comprehensive medical, dental, vision and wellbeing benefits
• A competitive 401(k) contribution
• A pension plan
• An annual incentive
• 9 paid holidays
• A paid time off program (23 days accrued annually for full-time employees)
• A student loan repayment program
• Paid-family leave

Pay

$88,000.00 - $145,000.00

Schedule

Hybrid role, minimum of 10 days per month from the office. Office locations: Madison, WI 53783; Boston, MA 02110; Denver, CO 80112; Hopkins, MN; Keene, NH 03431; St. Joseph, MO 64507; Phoenix, AZ 85034. Madison & Boston are strongly preferred.