Product Analyst

Independence Pet Group; New York (NY); On-site; USD 89,000 - 111,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Parental leave

Flexible PTO & holidays

Health Savings Account (HSA)

Job summary

Independence Pet Holdings seeks a Product Analyst to support pet insurance portfolio development and performance. You will help shape product strategy, underwriting guidelines, and market positioning while collaborating with Marketing, Actuarial, Underwriting, and Data teams to deliver system and process improvements.

The role emphasizes data‑driven decision making, regulatory compliance, and strong communication to guide product initiatives across a dynamic MGA environment.

Qualifications

• Bachelor’s degree preferred in Risk Management, Business, Economics, Finance, Mathematics, Statistics, or Actuarial Science.
• 3+ years of Product Management experience within the insurance industry; pet insurance or MGA experience strongly preferred.
• Strong data-driven analysis and understanding of regulatory/compliance processes.

Responsibilities

• Provide strategic support on underwriting guidelines, risk appetite, rating algorithms, and product strategies.
• Collaborate with Marketing, Actuarial, Underwriting, Product Portfolio, Data & Analytics, and Implementation teams to deliver solutions.
• Monitor post‑implementation performance using KPIs and conduct portfolio analysis.
• Conduct deep competitor and market intelligence to inform strategy and pricing.
• Develop training materials and marketing assets for new or enhanced products.

Skills

Data-driven analysis

Collaboration

Critical thinking

Excel

PowerPoint

SQL

Education

Bachelor’s degree in a relevant field

Tools

Microsoft Office

Job description

Established in 2021, Independence Pet Holdings is a corporate holding company that manages a diverse and broad portfolio of modern pet health brands and services, including insurance, pet education, lost recovery services, and more throughout North America.We believe pet insurance is more than a financial product and build solutions to simplify the pet parenting journey and help improve the well-being of pets. As a leading authority in the pet category, we operate with a full stack of resources, capital, and services to support pet parents. Our multi-brand and omni-channel approach include our own insurance carrier, insurance brands and partner brands.Role OverviewThe Product Analyst plays a key role in supporting the development, performance, and competitiveness of an MGA’s pet insurance portfolio. This position blends analytical rigor with industry insight, helping shape product strategy, optimize underwriting outcomes, and ensure products remain compliant, market‑relevant, and aligned with customer needs.This position is ideal for someone who is passionate about pet insurance, comfortable navigating both technical and business domains, and eager to influence product decisions within a dynamic MGA environment.Core ResponsibilitiesProduct Strategy & DevelopmentProvide strategic support to Product leadership by delivering actionable recommendations on product and brand direction, including underwriting guidelines, risk appetite, rating algorithms, and product strategies.Support new product development and product enhancements by gathering business requirements, conducting impact analyses, and ensuring alignment with broader product objectives.Ensure all operational product changes adhere to regulatory and compliance standards applicable to MGAs and insurance carriers.Cross‑Functional CollaborationPartner with Marketing, Actuarial, Underwriting, Product Portfolio, Data & Analytics, and Implementation teams to design and deliver system and process solutions that advance product initiatives.Collaborate with Training and Marketing teams to develop communication plans, training materials, and marketing assets for new or enhanced products.Performance Monitoring & Portfolio AnalysisConduct post‑implementation monitoring of product or brand strategies using defined success criteria.Support portfolio analysis by developing, tracking, and interpreting KPIs to inform product performance decisions across the MGA’s book of business.Competitor & Market IntelligenceConduct deep‑dive analyses of key competitors across the pet insurance ecosystem, including traditional insurers, tech‑driven entrants, and cross‑sector disruptors.Maintain and enhance a competitor intelligence framework covering pricing, claims models, marketing strategies, underwriting partners, and customer acquisition tactics.Analyze public filings, investor presentations, press releases, and industry reports to identify competitor KPIs, strategic shifts, and market positioning.Monitor competitor partnerships and distribution channels (e.g., veterinary networks, pet retailers, embedded insurance platforms) and assess their potential impact on the MGA’s market share.Benchmark innovations in insurance and non‑insurance offerings—such as wellness packages and loyalty programs—against current MGA product offerings.Create detailed competitor profiles and produce monthly competitor intelligence briefings for executive stakeholders.Support senior leadership with strategic initiatives, portfolio reviews, and business planning.Perform other duties and responsibilities as assigned to support the broader product organization.QualificationsEducationBachelor’s degree preferred, ideally in Risk Management, Business, Economics, Finance, Mathematics, Statistics, or Actuarial Science.Experience3+ years of Product Management experience within the insurance industry; pet insurance or MGA experience strongly preferred.Skills & CompetenciesDemonstrated understanding of insurance industry trends, state regulatory requirements, and compliance processes, particularly those relevant to MGAs.Strong commitment to data‑driven analysis and decision‑making.Proven ability to foster a collaborative culture, working effectively with stakeholders across multiple levels and departments.Ability to work independently, think critically, and approach challenges with creative problem‑solving.Proficiency in Microsoft Office, with strong skills in Excel and PowerPoint.SQL skills preferred but not required.National base pay range: $74,946 – $92,653 per year.New York City pay range: $88,946 – $111,184 per year. This is the range we reasonably expect to pay at hire. Placement within the range depends on job-related factors such as experience, skills, and certifications. This position is not eligible for an annual bonus. Base pay is one part of a total rewards package that includes the benefits listed below.All of our jobs come with great benefits including healthcare, parental leave and opportunities for career advancements. Some offerings are dependent upon the location of where you work and can include the following:Comprehensive full medical, dental and vision InsuranceBasic Life Insurance at no cost to the employeeCompany paid short-term and long-term disability12 weeks of 100% paid Parental LeaveHealth Savings Account (HSA)Flexible Spending Accounts (FSA)Retirement savings planPersonal Paid Time OffPaid holidays and company-wide Wellness Day offPaid time off to volunteer at nonprofit organizationsPet friendly office environmentCommuter BenefitsGroup Pet InsuranceOn the job training and skills developmentEmployee Assistance Program (EAP)Interview Technology Notice:Please note that phone and video interviews or screenings may be recorded and transcribed using interview technology to support our recruitment process.By continuing with the interview, you consent to this use.Text Messaging Notice:If you provide a mobile phone number, you may receive job-related communications via text message. Message and data rates may apply.You may opt out of text communications at any time by replying “STOP.”