Product Analyst

Great American Insurance Group; Cincinnati (OH); Hybrid; USD 50,000 - 80,000; Full time

Job summary

An established industry player is seeking an Associate Product Analyst/Product Analyst to join their dynamic Product team in Cincinnati. This role offers a hybrid work schedule, allowing for flexibility after an initial training period. You will engage in developing innovative insurance products tailored for the trucking industry, conducting market research, and collaborating with cross-functional teams to ensure product competitiveness and profitability. If you are passionate about product development and analysis, this is a fantastic opportunity to make a significant impact in a thriving sector.

Qualifications

• 1-3 years of experience in product analysis or related fields.
• Bachelor's Degree or equivalent experience required.

Responsibilities

• Develop new products and enhance existing ones for premium growth.
• Conduct market research to identify trends and opportunities.
• Collaborate with teams to design innovative insurance solutions.

Skills

Market Research

Data Analysis

Product Development

Collaboration

Education

Bachelor's Degree in Business or related field

Certification in Insurance

Job description

Great American's focus on the trucking industry started in the early 1990s with the development of a trucking physical damage policy. Backed by the financial strength of the Company, but solely built and focused on the trucking industry, the Trucking Division has grown to be a leader in providing best-in-class truck insurance products to independent contractors.

The Division is dedicated entirely to trucking. That means whomever you work with is only talking trucks. All day. Every day. Great American's Trucking Division provides the products and services needed by the long-haul trucking industry, particularly independent contractors, to get them back on the road faster.

http://www.greatamericaninsurancegroup.com/about-us/business-operations/division/trucking

The Trucking Division is looking for a Associate Product Analyst/Product Analyst to join the Product team in our Cincinnati, OH office. This position will be in our downtown, Cincinnati office and will offer a hybrid work schedule post our initial training period.

Essential Responsibilities

• Participates in developing new products and/or solutions to enhance premium volume growth and ensures the competitiveness and profitability of existing products.
• Conducts market research to identify trends, opportunities, and competitive landscape.
• Collaborates with underwriting, actuarial, and claims teams to assist in designing innovative insurance solutions and developing product specifications, pricing strategies, and policy language.
• Gathers and analyzes data from various sources specific to product.
• Monitors product performance.
• Provides summary analysis, makes recommendations, and communicates to business units.
• Participates in developing and executing product strategies and roadmaps to achieve business goals. Participates in conducting SWOT analysis to evaluate product strengths, weaknesses, opportunities, and threats.
• Participates in developing product and rate revisions, underwriting guidelines, manuals, and procedures.
• Works with marketing, business development, and insurance operations teams to ensure successful product launches and ongoing product support.
• May participate in developing and presenting trainings regarding new products and product changes to internal teams and agents.
• Partners with the IT department on prioritization, implementation, and enhancements of operational systems to ensure production capabilities are both effective and efficient.
• Performs other duties as assigned.

Job Requirements

• Bachelor’s Degree or equivalent experience. Business, Liberal Arts or a related discipline.
• Generally, 1 to 3 years of related experience; 1 or more years of experience in product.
• Certification in area of expertise may be required; appropriate certifications could include Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), Associate of Risk Management (ARM), Certified Licensing Professional (CLP) or other applicable designations.