Market Operations Analyst

Lockton Companies; Kansas City (MO); On-site; USD 60,000 - 80,000; Full time

Job summary

Join a leading insurance brokerage as a Market Operations Analyst in Kansas City. This role involves overseeing contract lifecycles, analyzing compensation agreements, and providing insights to enhance market engagement. Ideal for proactive individuals with strong analytical and communication skills.

Benefits

Health Insurance

Qualifications

• Minimum 1-2 years of experience in data analytics or financial analysis.
• Strong proficiency in Excel, including preparation of tables and graphs.

Responsibilities

• Oversee the entire contract lifecycle, ensuring timely completion.
• Evaluate compensation agreements and present recommendations.
• Extract and analyze MAP and loss data for competitive insights.

Skills

Analytical Skills

Interpersonal Skills

Communication Skills

Organizational Skills

Tools

Excel

Job description

Kansas City, Missouri, United States of America

At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.

Lockton values its relationships with its US insurance markets and wholesale intermediaries (referred to as markets) and has a dedicated team focused on strengthening engagement and improving transactional insights and efficiencies. We are seeking a dynamic and detail-oriented Market Operations Analyst to join our team. This role is pivotal in supporting all P&C market management activities, ensuring that our operations are efficient, data-driven, and strategically aligned. Written and oral communication are essential components of this role.

Key Responsibilities

• Contract Lifecycle Management: Oversee the entire contract lifecycle, ensuring timely completion and adherence to company standards.
• Compensation Analysis: Evaluate compensation agreements and present well-founded recommendations for improvement versus market standards.
• Performance Tracking: Work with Market Engagement leaders and markets to monitor key goals and objectives.
• Market Feedback: Solicit and analyze feedback from Series and product line leaders to identify areas for improvement.
• Data Mining: Extract and analyze MAP and loss data to generate competitive insights. Work with data and analytics practices to understand new developments and evaluate opportunity to leverage for our markets benefit.
• Market Analysis: Track and report changes in operations, personnel, and financials for assigned markets.
• Supplemental Compensation Tracking: Analyze changes in supplemental compensation, focusing on budget adherence.
• Ad Hoc Analytics: Complete ad hoc analytics requests to support market management activities, including preparing clear, concise summaries for executive meetings and annual surveys.
• Data Governance: Participate in data governance activities related to market data, ensuring data integrity and accuracy.
• P&C Data Models: Develop competency in understanding P&C data models to enhance analytical capabilities.
• Operational Efficiency: Contribute to improving operational efficiency in market management and market security functions.
• Market Meetings: Participate in market meetings, take notes, respond to inquiries, and promptly address data requests.
• Compensation Tracking: Track actual vs expected compensation against budget on a quarterly basis.

Qualifications

• Experience: Minimum 1-2 years of experience in data analytics or financial analysis.
• Technical Skills: Strong proficiency in Excel, including the preparation of tables and graphs.
• Analytical Skills: Excellent critical thinking skills with the ability to analyze complex data sets.
• Interpersonal Skills: Strong interpersonal skills with the ability to thrive in a dynamic market environment.
• Communication Skills: Exceptional communication skills with an “executive” presence.
• Organizational Skills: Highly effective organizational and time management skills.
• Industry Knowledge: P&C industry experience is a plus.

Why Join Us?
This role offers the opportunity to thrive in a fast-paced, dynamic industry and deliver critical insights that drive strategic decision-making. As a Market Operations Analyst at Lockton, you will play a key role in enhancing our market engagement, optimizing insurer relationships, and driving operational efficiencies. If you are a proactive, analytical thinker with a passion for data and market analysis, we encourage you to apply and join our dedicated team.

Equal Opportunity Statement

Lockton Companies is proud to provide everyone anequal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.

At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learnsfrom, celebrates and thrives because of ourbreadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.

About Lockton

Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 12,500+ Associates doing business in over 140 countries are empowered to do what’s right every day.

At Lockton, we believe in the power of all people. You belong at Lockton.

How We Will Support You

At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.

We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.

Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.