Product Analyst

Munich Reinsurance America, Inc; Amelia (OH); On-site; USD 85,000 - 125,000; Full time

Benefits offered by this job

Health insurance (PPO)

401k with employer match

Paid time off 24 days

On-site campus amenities

Job summary

American Modern Insurance Group, Inc., a Munich Re company, is a leading specialty insurer. The Product Analyst supports the LOB pod by delivering analytical and operational expertise across rate, form, rule, and regulatory initiatives.

The role informs product strategy through performance analysis and market insights, guiding pricing and product positioning for profitability and growth. In this role you will develop filing documentation, dashboards, and performance tracking tools while

Qualifications

• Strong command of Excel (including macros), MS Office Suite applications, and computer systems.
• Knowledge of data gathering and manipulation techniques and tools such as Access, SQL.
• Strong analytical abilities including mathematics and statistical concepts.
• Use of RADAR and/or Earnix for impact, rate structure, quality and market analysis.

Responsibilities

• Price and execute limited, full, complex, form, and rule product reviews, including development of filings, rules, algorithms, and supporting exhibits.
• Partner with Predictive Modeling to determine support and selection for new pricing models.
• Apply actuarial concepts, business intent, and proposal materials to evaluate and recommend rating structures.
• Develop and maintain countrywide filing support documentation for new models and product changes.
• Create product forms using proposed language and complete marketing materials for approved revisions.
• Analyze product performance across rate, retention, and loss ratio metrics to identify improvement opportunities.
• Collaborate with Actuarial, Finance, and Underwriting to support performance tracking and product optimization.
• Produce dashboards and reporting tools to support decision-making by the LOB Lead and Product Manager.
• Conduct state-specific and national competitor research to assess pricing strategies, coverage offerings, form design, and market positioning.
• Identify and track emerging trends in underwriting, rate actions, and market shifts to inform product strategy.

Skills

Excel macros

MS Office

Access

SQL

Analytical skills

Statistical concepts

RADAR

Earnix

Education

Bachelor's degree in Business, Accounting, Finance or similar field

MBA or similar advanced degree, CPCU and/or FCAS

Tools

Excel

Access

SQL

Earnix

RADAR

Job description

American Modern Insurance Group, Inc., a Munich Re company, is a widely recognized specialty insurance leader that delivers products and services for residential property - such as manufactured homes and specialty dwellings - and the recreational market, including boats, personal watercraft, classic cars, and more. We provide specialty product solutions that cover what the competition often can't. We write admitted products in all 50 states and have a premium volume of $2.2 billion.

Headquartered in Amelia, Ohio, and with associates located across the United States, we are part of Munich Re's Global Specialty Insurance division. Our employees receive boundless opportunity to grow their careers and make a difference every day - all in a flexible environment that helps them succeed both at work and at home.

Purpose:

The Product Analyst supports the Line of Business (LOB) pod by delivering analytical and operational expertise across rate, form, rule, and regulatory-driven initiatives. This role informs product strategy through internal performance analysis and external market insights. At higher levels, Product Analysts lead competitive and market intelligence efforts, helping guide pricing, coverage design, and product positioning to support profitability and growth.

Roles & Responsibilities:

Pricing, Modeling & Product Development

• Price and execute limited, full, complex, form, and rule product reviews, including development of filings, rules, algorithms, and supporting exhibits
• Partner with Predictive Modeling to determine support and selection for new pricing models
• Apply actuarial concepts, business intent, and proposal materials to evaluate and recommend rating structures
• Develop and maintain countrywide filing support documentation for new models and product changes
• Create product forms using proposed language and complete marketing materials for approved revisions

Performance Analysis & Strategy Support

• Analyze product performance across rate, retention, and loss ratio metrics to identify improvement opportunities
• Collaborate with Actuarial, Finance, and Underwriting to support performance tracking and product optimization
• Produce dashboards and reporting tools to support decision-making by the LOB Lead and Product Manager

Market Intelligence & Competitive Analysis

• Conduct state-specific and national competitor research to assess pricing strategies, coverage offerings, form design, and market positioning
• Identify and track emerging trends in underwriting, rate actions, and market shifts to inform product strategyProvide strategic recommendations based on market intelligence and competitive benchmarks
  (Higher-level Product Analysts lead this function and guide related tactical decisions.)

Quality & Compliance

• Manage and align product and underwriting rule changes across stakeholders prior to release
• Conduct peer reviews to uphold analytical accuracy and documentation quality
• Support audit functions, including data validation and compliance review activities
• Follow PDLC processes and support continuous improvement in workflows and product operations

Required Technical Skills:

• Strong command of Excel (including macros), MS Office Suite applications, and computer systems.
• Knowledge of data gathering and manipulation techniques and tools such as Access, SQL.
• Strong analytical abilities including mathematics and statistical concepts.
• Use of RADAR and/or Earnix for impact, rate structure, quality and market analysis.

Education, Certifications & Designations:

Required:

• Bachelor's degree Business, Accounting, Finance or similar field

Preferred:

• MBA or similar advanced degree, CPCU and/or FCAS

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible)
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children)
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)
• Prescription drug coverage (included in your health insurance plan)
• Short and Long Term Disability coverage
• Vision and dental insurance plans

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
• Eligibility to receive a yearly bonus as a Munich Re employee
• A variety of health and wellness programs provided at no cost
• A hybrid environment that gives you a choice in where and how you get work done
• A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop
• An on-site complimentary workout facility as well as walking trails on campus grounds
• On-site wellness center complete with nurse practitioner
• Financial assistance for adoptions and infertility treatment
• Paid time off for eligible family care needs
• Tuition assistance and educational achievement bonuses
• Free parking
• A corporate matching gifts program that further enhances your charitable donation
• Paid time off to volunteer in your community

At American Modern, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Sometimes we are fortunate enough to receive a high volume of applications. After reviewing all applications, we will contact only the selected candidates to schedule an interview. We are grateful for all candidates and their interest.

Applicants requiring employer sponsorship of a visa will not be considered for this position.