UK Product Analyst

Hagerty; United Kingdom; Remote; GBP 30,000 - 50,000; Full time

Job summary

Hagerty is looking for a dynamic Product Analyst to drive the growth and optimization of their personal auto insurance products in the UK. This role involves tracking performance, analyzing trends, and collaborating with various teams to identify opportunities for product enhancements and growth strategies. Ideal candidates will have a background in analytics and strong proficiency in data manipulation tools.

Qualifications

• Minimum 2 years' experience in product, pricing or business analytics.
• Ability to translate data into business opportunities.
• Strong analytical skills and experience with Excel.

Responsibilities

• Track performance, identify enhancements for products and pricing.
• Analyze performance for micro-segmentation opportunities.
• Provide competitor analysis and insights for marketing communications.

Skills

Strategic Thinking

Data Interpretation

Excel

Database Manipulation

Analytical Skills

Organizational Skills

Education

Degree in Math, Finance or Business

Tools

PowerBI

Tableau

Job description

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As a growth focused Product Analyst, you will be responsible for developing reports, analyzing results and developing strategies for growth and retention for Hagerty’s personal auto insurance product(s), with specific focus on optimizing results in UK. This includes analyzing production and loss trends, competitive data and other internal or external data, in collaboration with internal and external team members and partners, to identify new or custom products or pricing.

Ready to get in the driver’s seat? Join us!

What you’ll do

Under the guidance of the Senior Motor Insurance Manager and other team, functional or business unit members as assigned:

• Tracks performance defines reporting requirements and develops recommendations for improved product performance.
• Identifies potential enhancements of current products and pricing, that drive growth and profitability.
• Analyzes overall performance for potential micro-segmentation opportunities. Provide a deeper level of analysis than otherwise performed in countrywide analysis.
• Works with the Senior Motor Insurance Manager and other key stakeholders to identify and communicate gaps, opportunities, and target markets to drive growth at this next level.
• Provides decision alternatives and recommendations based on analytics and proven results.
• Provides competitor analysis and insights including product and price benchmarking.
• Provides product insight to marketing for customer communications, promotion and advertising purposes, including target demographic requirements.
• Develops and conducts training/mentoring of team members to develop their analytical and reporting skills.
• Collaborates with Group Actuarial and Information Analysts in the development of metrics and datasets used for analysis.
• Works closely within the Agile framework to coordinate product and compliance updates.

This might describe you

• Insurance professional with a minimum of 2 years of company experience in product, pricing or business analytics.
• Ability to develop and interpret data and translate findings into business opportunities.
• Strategic, curious thinker with proven ability to learn and to develop effective internal and external relationships.
• Ability to develop a business case for a proposed product, enhancement or deviation and provide analysis, independently or in collaboration with other departments, necessary to support the proposed change.
• Ability to participate in or manage multiple projects, and manage timelines necessary to meet deliverable schedules.
• Proven skills in Excel and database manipulation, other analytics software exposure or training a plus.
• Ability to translate data to effective visuals is a plus, including use of Excel, PowerBI, Tableau or other software solutions.
• Excellent organizational and time management skills.
• Degree, or similar experience in Math, Finance or Business; CII coursework or other insurance industry training a plus.

Other things to note

• This position can be worked remotely within the United Kingdom and will be expected to travel to the London area once a month.
• Familiarity with public company requirements, including Sarbanes Oxley and key regulations, if applicable. For SOX compliant roles, responsible for designing, executing, and documenting internal controls where they have been identified as owners to prevent errors in financial reporting, processes, and business operations. Including attestation to the completeness, accuracy, and compliance of all financial reporting data, where applicable.