Senior Insurance Product Analyst

GEICO; Chevy Chase (MD); On-site; USD 47,000 - 158,000; Full time

Job summary

GEICO is seeking a Senior Insurance Product Analyst to join their Commercial Auto Insurance Product Management team in Chevy Chase. This role focuses on developing insights from data to inform strategic decisions, while providing growth opportunities within a supportive and innovative company culture. Ideal candidates will have strong analytical skills, relevant educational backgrounds, and a passion for problem-solving, with previous experience in the auto insurance industry being a plus.

Benefits

401K savings plan with 6% match

Tuition assistance

Workplace flexibility

Employee engagement and recognition programs

Qualifications

• Bachelor’s degree or equivalent experience required.
• Proven analytical, problem-solving skills are essential.
• Intermediate to advanced Excel skills and proficiency in data analysis software preferred.

Responsibilities

• Analyze business problems and performance metrics.
• Develop and present analyses for stakeholder groups.
• Employ statistical techniques for business practices.

Skills

Analytical abilities

Problem-solving

Communication

Time management

Attention to detail

Education

Bachelor’s degree in Economics, Business, Math, Statistics, Data/Business Analytics

Relevant quantitative field of study

Tools

Excel

Python

R

SAS

Power BI

Job description

Senior Insurance Product Analyst

*Must have have experience with Pricing or Product/State Management Analytical experience in the INSURANCE INDUSTRY.*

Do you love to solve problems? Do challenging analytical questions keep you up at night? Do you want to have a career with a focus on development and intellectual growth on a growing team that provides ample opportunity for upward mobility? We are looking for bright and driven individuals to join our Commercial Auto Insurance Product Management team at GEICO!

Insurance Product Management is essential to GEICO’s continued success. The duties consist of analyzing complex business problems and key performance measures, understanding the drivers of performance, helping develop solutions to problems, and much more! Insurance Product Analysts are motivated, self-driven, and excellent analytical thinkers. As an Insurance Product Analyst, in addition to working with peers and management, you can expect to work closely with our partners in other areas of the business unit. You will do more than crunch numbers – you will be active in determining business strategies, educating management on our results, and communicating across departments to ensure company success. Your work as an Insurance Product Analyst will inform a wide range of critical business decisions.

As an Insurance Product Analyst, you will:

• Develop, prepare, and interpret statistical analyses of insurance sales, claims experience, or other key business metrics to help support strategic decisions within the business unit

• Develop, interpret, and present analysis and proposals to various stakeholder groups to help solve mid to high level business problems in pursuit of company goals

• Employ basic statistical techniques to model various underwriting and pricing business practices

Candidate Qualifications and Skills:

• Bachelor’s degree in Economics, Business, Math, Statistics, Data/Business Analytics, or other relevant quantitative field of study OR Bachelor’s degree in any field of study plus prior experience

• Proven analytical, problem-solving, and decision-making abilities

• Highly effective communication skills

• Intermediate to advanced skills in Excel

• Basic to intermediate proficiency with data analysis software like R, SAS, Python, or Power BI

• Ability to work independently given general direction and to thrive in a team environment that is constantly changing

• Ability to handle multiple concurrent priorities, providing accurate and timely results

• Intellectual curiosity to learn and ability to ask insightful questions

• Effective time management, attention to detail, communication, and organizational skills

• Previous experience in auto insurance. Experience specifically in Commercial Auto is a plus

Annual Salary

$47,150.00 - $157,850.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

The GEICO Pledge:

Great Company:At GEICO, we help our customers through life’s twists and turns. Our mission is to protect people when they need it most and we’re constantly evolving to stay ahead of their needs.

We’re an iconic brand that thrives on innovation, exceeding our customers’ expectations and enabling our collective success. From day one, you’ll take on exciting challenges that help you grow and collaborate with dynamic teams who want to make a positive impact on people’s lives.

Great Careers:We offer a career where you can learn, grow, and thrive through personalized development programs, created with your career – and your potential – in mind. You’ll have access to industry leading training, certification assistance, career mentorship and coaching with supportive leaders at all levels.

Great Culture:We foster an inclusive culture of shared success, rooted in integrity, a bias for action and a winning mindset. Grounded by our core values, we have an an established culture of caring, inclusion, and belonging, that values different perspectives. Our teams are led by dynamic, multi-faceted teams led by supportive leaders, driven by performance excellence and unified under a shared purpose.

As part of our culture, we also offer employee engagement and recognition programs that reward the positive impact our work makes on the lives of our customers.

Great Rewards:We offer compensation and benefits built to enhance your physical well-being, mental and emotional health and financial future.

• Comprehensive Total Rewards program that offers personalized coverage tailor-made for you and your family’s overall well-being.
• Financial benefits including market-competitive compensation; a 401K savings plan vested from day one that offers a 6% match; performance and recognition-based incentives; and tuition assistance.
• Access to additional benefits like mental healthcare as well as fertility and adoption assistance.
• Supports flexibility- We provide workplace flexibility as well as our GEICO Flex program, which offers the ability to work from anywhere in the US for up to four weeks per year.

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.