Product Analyst

plymouthrock; Port Reading (NJ); On-site; USD 70,000 - 88,000; Full time

Benefits offered by this job

PTO + holidays

Health insurance from Day 1

401(k) match

Onsite gym

Professional development

Job summary

The Plymouth Rock Company is seeking a Product Analyst to support ideation and development of new product features, with a focus on expanding and enhancing our telematics program across personal lines for the Direct division.

You will extract data for analysis, implement new rating plans and underwriting rules, and collaborate with underwriting, marketing, and IT to drive profitable growth and improve competitive position.

Qualifications

• BA/BS degree in quantitative field.
• Familiarity with database tools and concepts.
• Programming query experience (SQL or Visual Basic).
• Proficient Microsoft Office skills.
• Excellent verbal and written communication skills.
• Attention to detail.
• Collaborative by nature but able to work independently on high volume tasks.
• Property and Casualty Insurance experience preferred.

Responsibilities

• Acts as a Product Management liaison with Underwriting, Customer Care, and Marketing.
• Creates and maintains product comparisons with main competitors via rate manuals and competitive intelligence.
• Collaborates with third party vendors to achieve company goals efficiently.
• Conducts cost-benefit analyses of underwriting-related changes.
• Gains understanding of insurance concepts like policy rating and actuarial analysis.
• Uses data systems to analyze business issues and communicates results to the Product Manager.
• Supports data requests from other departments related to products and policy attributes.
• Collaborates with Product Development, State Management, UW Operations & Analytics and IT teams on product and underwriting system changes.
• Performs other job-related duties as assigned.

Skills

SQL

Analytical skills

Verbal & written communication

MS Office

Attention to detail

Independent work

Team collaboration

Education

BA/BS in quantitative field

Tools

SQL Server

Database tools

Job description

The Product Analyst supports the ideation and development of new product features, including emphasis on expanding and enhancing our telematics program, with goals of improving pricing, competitive position and ease of doing business for Plymouth Rock’s personal lines products sold in the assigned market(s) for the Direct division. This person extracts data for analysis and implementation of new rating plans, improvements in the telematics program, new underwriting rules, process improvements, and other initiatives to support profitable growth and improve competitive position.

RESPONSIBILITIES

• Acts as a Product Management liaison with Underwriting, Customer Care, and Marketing.
• Creates and maintains product comparisons with main competitors via rate manuals and other sources of competitive intelligence. Analyzes competitive data, identifies trends and seeks opportunities to differentiate.
• Collaborates with third party vendors to more effectively and cost-efficiently achieve our company goals.
• Conducts the cost-benefit analyses of changes and adjustments related to Underwriting.
• Works closely with others to gain strong understanding of insurance concepts and processes such as policy rating, rate level indications, actuarial analysis, and underwriting and pure premium models.
• Effectively uses available tools and data systems to analyze business issues with company data and reports. Communicates the results to the Product Manager.
• Supports data requests made by other departments related to products and policy attributes.
• Collaborates with Product Development, State Management, UW Operations & Analytics and Information Technology teams to facilitate product and underwriting systems changes.
• Performs other job-related duties as assigned.

QUALIFICATIONS

• Analytical problem solver with a high level of intellectual curiosity.
• Familiarity with database tools and concepts.
• Programming query experience (SQL or Visual Basic).
• Proficient Microsoft Office skills.
• Excellent verbal and written communication skills.
• Attention to detail.
• Collaborative nature, but also has the ability to work independently and efficiently on a high volume of tasks.
• Demonstrated problem solving experience gained through related coursework and work experience.BA/BS degree in quantitative field of study.
• Property and Casualty Insurance experience preferred.

SALARY RANGE

The pay range for this position is $70,000to $88,000annually. Actual compensation will vary based on multiple factors, including employee knowledge and experience, role scope, business needs, geographical location, and internal equity.

PERKS & BENEFITS

• 4 weeks accrued paid time off + 8 paid national holidays per year, and 2 floating holidays
• Low cost and excellent coverage health insurance options that start on Day 1 (medical, dental, vision)
• Annual 401(k) Employer Contribution
• Free onsite gym and health center at our Woodbridge Location
• Resources to promote Professional Development (LinkedIn Learning and licensure assistance)
• Robust health and wellness program and fitness reimbursements
• Various Paid Family leave options including Paid Parental Leave
• Tuition Reimbursement

ABOUT THE COMPANY

The Plymouth Rock Company and its affiliated group of companies write and manage over $2 billion in personal and commercial auto and homeowner’s insurance throughout the Northeast and mid-Atlantic, where we have built an unparalleled reputation for service. We continuously invest in technology, our employees thrive in our empowering environment, and our customers are among the most loyal in the industry. The Plymouth Rock group of companies employs more than 1,900 people and is headquartered in Boston, Massachusetts.Plymouth Rock Assurance Corporation holds an A.M. Best rating of “A-/Excellent”.