NYCM Insurance

Competitive Analyst

NYCM Insurance

full-time

Posted on:

Location Type: Hybrid

Location: Edmeston • New York • United States

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Salary

💰 $49,082 - $76,349 per year

Job Level

Junior

About the role

  • The Competitive Analyst (Hybrid) will be responsible for planning, designing, programming, and the maintenance of competitive market analysis (CMA).
  • Collaborate with line of business (LOB) colleagues, as well as partners across the organization, to provide in-depth insight into the competitive market regarding pricing, product, financial, and strategy elements.
  • Support cross-divisional objectives with tailored competitive insight and discoveries.
  • Research, develop, and program rating engines and tier algorithms across multiple carriers in programs such as SAS and Radar.
  • Collaborate with team members and divisional partners in a data gathering capacity to retrieve, structure, and cleanse internal and external data for competitive analysis.
  • Run, modify, and customize existing database queries and programs against multiple data sources with various applications including Business Objects, Crystal Reports, SAS, Radar, and CART building efficiencies when feasible.
  • Conduct ad hoc data retrieval and analysis in support of LOB initiatives.
  • Compile and present summarized findings from CMA as well as other analysis projects.
  • Develop market surveillance by continuously researching, collecting, and analyzing industry trends and marketplace information through SNL, AM Best, and other industry publications.
  • Profile key competitors including, but not limited to business strategies, services, technology, claim practices, and brand messaging.
  • Deliver timely overviews on new insights, trends, considerations, and opportunities to formulate recommendations for LOB growth and profit initiatives such as rate changes.
  • Work with vendors to develop and maintain competitive databases and information.
  • Other duties as assigned.
  • Build on presentation and analysis skills as well as business understanding through internal and external coursework.
  • Continuously refine and strengthen technical capabilities.

Requirements

  • Bachelor’s degree with an emphasis in finance, mathematics, accounting, economics, statistics, or a related field.
  • 1-year insurance or research-related field with an associate degree.
  • No experience with a bachelor’s degree.
  • Strong computer skills and knowledge of applications including the Microsoft Suite with attention to Excel.
  • Ability to create, manipulate and formulate spreadsheets and databases.
  • Ability to distill, structure, and draw insight from large amounts of data.
  • Excellent written and oral communication skills.
  • Ability to learn and retain new concepts, processes, and applications.
  • Ability to work in an open team environment.
  • Ability to multi-task in a fast-paced environment.
  • Good organization and priority setting skills.
  • Ability to effectively research, collect, and organize information to help with decision making.
  • Effective teamwork skills.
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
competitive market analysisrating enginestier algorithmsdatabase queriesdata retrievaldata analysisdata cleansingfinancial analysisstatistical analysismarket surveillance
Soft Skills
communication skillsteamworkorganizational skillsmulti-taskingattention to detailability to learnanalytical thinkingproblem-solvingpresentation skillscollaboration