Senior Product Analyst
Homesite Insurance
full-time
Posted on:
Location Type: Hybrid
Location: Arizona, Colorado, Massachusetts, Minnesota, Montana, New Hampshire, Wisconsin • 🇺🇸 United States
Visit company websiteSalary
💰 $86,000 - $142,000 per year
Job Level
Senior
About the role
- Develop new Homeowners insurance products using contract language, underwriting guidelines, systems/platforms, automation and pricing/predictive analytics
- Identify potential insurance markets and create strategic plans for market entry
- Manage the insurance product development lifecycle
- Improve products to increase profitability, growth and customer experience
- Monitor product performance including customer and agent satisfaction and financial benefits realization
- Serve as project lead for implementation of products and services
- Evaluate profit factors and conduct analysis of performance data to provide product strategy recommendations
- Develop working relationships with other lines to identify product gaps and opportunities
- Research and develop concepts for complex new products or services
- Work with partners in pricing/actuarial, claims to ensure product compliance and financial viability
- Prepare contract language, develop initial underwriting guidelines, and oversee development of predictive analytics including pricing models
- Produce detailed competitive research for personal lines products and analyze competitor filings, rate and rule manuals
- Provide recommendations to leadership to maximize product offerings and geographical areas
- Ensure product compliance and explain drivers and insights related to competitive position changes
Requirements
- Strategic thinker who can manage technical aspects of insurance product development
- High level of analytical skill
- Experience generating insights and creating cost benefit analysis using performance metrics, customer feedback, market trends, and competitor activities
- Demonstrated experience providing customer-driven solutions 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
- Demonstrated problem-solving and analytical skills to review complex products, or lines of business
- Demonstrated experience making independent decisions
- Demonstrated experience in project management methodologies, practices, techniques and tools
- Ability to prepare contract language and develop underwriting guidelines
- Experience working with pricing/actuarial and claims partners
- Willingness to travel up to 10%
Benefits
- comprehensive medical, dental, vision and wellbeing benefits
- competitive 401(k) contribution
- a pension plan
- an annual incentive
- 9 paid holidays
- paid time off program (23 days accrued annually for full-time employees)
- student loan repayment program
- paid-family leave
- Relocation support for eligible candidates
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
contract languageunderwriting guidelinespredictive analyticspricing modelsfinancial analysisactuarial analysiscost benefit analysisperformance metricsproduct development lifecyclecompetitive research
Soft skills
strategic thinkinganalytical skillscustomer-driven solutionsproblem-solvingindependent decision-makingproject managementrelationship buildingcommunicationinsight generationcreativity