Associate Product Analyst

Preferred Mutual Insurance Company; United States; On-site; USD 31,000 - 37,000; Full time

Benefits offered by this job

Short-term disability

Long-term disability

Life insurance

Enhanced life insurance

Critical illness plans

401k with employer contribution

Cash-balance pension

Student Loan Repayment Assistance

Short-term incentive plan

25 days PTO

7 sick days

10 company holidays

Personalized PTO after 3 years

Health insurance

Health Savings Account with employer

BetterHelp therapy access

Job summary

Preferred Mutual Insurance Company is seeking an Associate Product Analyst to support the Product Management team in developing, maintaining, and enhancing P&C insurance products. The role involves competitive research, coverage analysis, form development, and documenting requirements under guidance from senior staff.

The successful candidate will collaborate with underwriting, actuarial, sales, and project management teams to build core product strategy and cross-functional skills in a growing

Qualifications

• 1-2 years of experience in a P&C insurance environment.
• Experience with rating bureaus such as ISO or AIB is a plus; PL experience is ideal.
• Proficient with Microsoft Office, especially Word.

Responsibilities

• Conduct routine market and competitor analysis to inform product decisions.
• Assist in drafting and reviewing policy language and coverage forms under supervision.
• Help gather business requirements for a new policy administration system.
• Support user acceptance testing for new product systems or updates.
• Learn regulatory basics by supporting the preparation of product forms, rules, filings.

Skills

Analytical skills

Curiosity to learn

Collaboration

Adaptability

Attention to detail

Education

Bachelor’s degree preferred

Tools

SERFF

MS Office (Word)

ISO/AIB knowledge

Job description

Please note, employment offered to residents in the following states only: Connecticut, Delaware, Massachusetts, Maryland, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont.

Preferred Benefits

Financial

• Short-term disability, long-term disability, and life insurance coverage are provided at no cost
• Optional benefits include enhanced life insurance and critical illness plans
• 401k plan with an employer contribution that you will receive regardless of your own contribution to the plan
• A cash-balance pension plan
• Student Loan Repayment Assistance
• A short-term incentive plan for all employees

Social

• Generous paid time off, offering of 25 days at hire (prorated based on start date for the first year)
• 7 days of paid sick leave
• 10 paid company holidays
• Personalized paid time off after 3 years!

Emotional

• Access to 26 sessions with a BetterHelp therapist each year for you and up to 5 dependents, as well as access to all of BetterHelp’s group and digital resources
• Access to Family First, a team of care experts who can provide you and your loved ones 1:1 assistance with a variety of caregiving solutions, from elder care to legal and financial challenges, insurance and Medicare navigation, and more!

Physical

• Medical, dental, and vision coverage options begin on the first day of employment
• Health Savings Accounts (with a generous employer contribution!)

Your Purpose And Function In Our Company

The Associate Product Analyst will support the Product Management team in the development, maintenance, and enhancement of P&C insurance products. With guidance and mentorship, the Associate Product Analyst will assist in executing product-related tasks such as competitive research, coverage analysis, form development, and requirement documentation. This role is designed to build core competencies in product strategy and start to develop cross-functional collaboration, working with teams in underwriting, actuarial, sales, and project management. The ideal candidate is detail-oriented, analytical, and eager to grow within the insurance industry.

The Associate Product Analyst Will

• Conduct routine market and competitor analysis to inform product decisions
• Assist in drafting and reviewing policy language and coverage forms under supervision.
• Assist in gathering and documenting business requirements to support the development and implementation of a new policy administration system, ensuring alignment with product strategy and operational needs
• Support user acceptance testing (UAT) for new product systems or updates.
• Learn regulatory and compliance basics by supporting the preparation of product forms, rules, and filings under guidance from senior team members.

Key Capabilities For Success

• Curiosity & Willingness to Learn – Eager to build product knowledge, learn policy admin systems, and grow into a product-focused career path.
• Foundational Analytical Skills – Able to work with data and rating information, ask good questions, and connect details to the bigger picture.
• Collaboration & Relationship-Building – Comfortable partnering with teammates and leaders across underwriting, operations, actuarial, and IT to support shared goals.
• Adaptability in a Changing Environment – Open to shifting priorities, new systems, and evolving responsibilities as the company transforms.
• Attention to Detail – Careful and thorough in testing, documentation, and product support tasks to ensure accuracy and compliance.

Qualifications

• 1-2 years of experience in P&C insurance environment.
• Experience with various P&C products and those based on rating bureaus such as ISO or AIB is a plus. PL experience is ideal.
• Experience with SERFF or other rate filing search systems preferred
• Proficient in Microsoft Office (Excel, Word, PowerPoint) with emphasis in Word
• Bachelor’s Degree preferred but not required

ABOUT US

As a mutual company, we are independent by nature, so we think about insurance solutions a little differently. Through listening, problem solving, examining your challenges and collaborating on the right solutions for you, Preferred Mutual independent agents provide flexible solutions and adapt to your evolving needs. We do the same for our employees. We are process and domain experts, focused on the solutions that deliver results for our clients and our company. We offer a great work environment, professional development, challenging careers, and competitive compensation. With Preferred, there are no surprises. You can count on us to deliver on our promises and be there when you need us, as your insurance provider and your employer. Preferred Mutual is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

DISCLAIMER

This role (job) description indicates in general terms, the type and level of work performed as well as the typical responsibilities of employees in this classification. The duties described are not to be interpreted as being all-inclusive to any specific employee. Management reserves the rights to add, modify, change or rescind the work assignments of different positions and to make reasonable accommodations so that qualified employees can perform the essential functions of the job. Nothing in this position description changes the at-will employment relationship existing between Preferred Mutual Insurance Company and its employees.

The salary range for the role is $22.50 to $27.00 per hour, paid on an hourly basis.

The rate offered to any candidate will be reflective of the candidate’s experience and any relevant education, certification, or qualifications related to their ability to perform the responsibilities of this position as permitted by law.