Knowledge of personal and commercial lines insurance products and processes.
Forecasting and modeling experience using Python and Microsoft Visual Studio Code.
Strong SQL skills and understanding of relational databases.
Typically requires 7 years of relevant experience or equivalent combination of related experience, education and training.
Requirements:
Drive development and enhancement of products by recommending design, pricing, underwriting, agency management, distribution, and claims processes.
Ensure profitability goals by analyzing premium rates, loss experience, and retention; monitor state-level business mix and identify changes and drivers.
Collaborate with marketing to develop state-specific profit and growth strategies and translate market opportunities into new product ideas by researching competitors' positions, business directions, financial dynamics, and technologies.
Coordinate with IT and other departments to implement rate revisions and new products/features; build relationships with Accounting, Actuarial, Claims, Customer Service, and IT to align profit metrics.
Job description
Job Summary:
As a Senior Market Analytics Analyst within the Market Analytics team, you will equip Market Managers (a.k.a. State Managers) with insights, data, and analysis to drive strategic business decisions and results.
You will engage with a variety of critical components including ad-hoc analysis, tool development, competitive support, and insights to drive speed and action in support of your states. In short, you will have the rewarding opportunity to drive Personal & Commercial Lines into the future by providing the analytic and data-driven tactical support that makes a difference at the local market level.
This position allows full-time remote work from any state, with the exception of the following: California, Delaware, District of Columbia, Kentucky, New Hampshire, New Jersey, New York, Pennsylvania, Vermont and West Virginia,
How a Senior Market Analyst make an impact:
Drive the successful development of new products and the effective management and enhancement of existing products by making recommendations regarding product design, pricing, underwriting, agency management, distribution, claims and other processes.
Ensures overall goals for production and underwriting profitability are met by analyzing premium rates, loss experience, and retention. Monitors the mix of business in assigned state(s), identifying changes in the mix and reasons for those changes.
In conjunction with marketing, develops assigned state(s) business profit and growth strategies and translates business ideas and market opportunities into new product ideas by researching and maintaining awareness of all major competitors' current market positions (i.e., rates, service levels, financial positions and operating strategies), business directions, financial dynamics, and new technologies.
Communicates and coordinates key profit metrics by coordinating with the Information Technology (IT) department to ensure proper implementation of rate revisions, new products, new product features, and other initiatives; develops working relationships with Accounting, Actuarial, Claims, Customer Service and IT.
Qualifications:
Knowledge of personal/commercial lines insurance products and processes.
Broad understanding of financial statements and key drivers of growth and profit.
Experience with forecasting and modeling, leveraging Python/Microsoft Visual Studio Code.
Strong experience with SQL and understanding of relational databases.
Ability to work independently and quickly learn new data sets.
Excellent organizational skills and attention to detail.
Excellent oral and written communication skills, including the ability to present to small groups.
Work may extend beyond normal business hours as business needs dictate.
Typically requires 7 years of relevant experience or a combination of related experience, education and training.
