Senior Product Analyst

Plymouth Rock Assurance; Port Reading (NJ); On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

4 weeks PTO + 8 holidays + 2 floating

Health insurance (Day 1)

401(k) employer contribution

Onsite gym/health center

Professional development support

Wellness program and fitness reimburse

Paid family leave options

Tuition reimbursement

Job summary

Plymouth Rock Assurance is seeking a Senior Product Analyst to support ideation and development of new product features, with emphasis on expanding and enhancing the telematics program for personal lines in the Direct division. You will extract data to support new rating plans, underwriting rules, and process improvements for profitable growth.

Responsibilities include collaborating across departments, identifying opportunities in pricing and telematics, and communicating insights to leadership

Qualifications

• Master’s degree or higher in a quantitative field is preferred.
• Ability to utilize quantitative approaches to generate sound business analyses.
• Demonstrated problem solving experience in related work.
• Ability to communicate effectively to technical and non-technical audiences.

Responsibilities

• Act as product liaison with departments interfacing with the group.
• Identify opportunities in pricing, product offering, and telematics; develop changes to enhance them.
• Support achieving budgeted growth and profitability targets.
• Analyze business issues using available tools and data systems; communicate findings to management.

Skills

Quantitative analysis

Problem solving

Communication skills

SQL experience

Relational databases

Independence

MS Office

Insurance domain knowledge

Education

Master’s degree or higher in quantitative field

Tools

SQL

Relational database concepts

Job description

The Senior 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 Product liaison with other departments that interface with the group.
• Support the advancing the personal lines products sold in the Direct division across all regions, including identifying opportunity areas in our pricing, product offering and telematics program and developing product changes to enhance them.
• Support the business to achieve budgeted growth and profitability business results.
• Effectively uses available tools and data systems to analyze business issues and communicates the findings to management.
• Understand predictive modeling and other quantitative concepts; being a resource in interpreting these concepts for business application.
• Understand the competitive, legislative, and regulatory environments to identify trends and opportunities.
• Collaborate with third party vendors to achieve company goals more effectively and cost efficiently.
• Interface with other departments to address their needs as they relate to the product.
• Collaborates with State Management and Information Technology teams to facilitate product and underwriting systems changes.
• Perform other job-related duties as assigned.

QUALIFICATIONS

• Master’s degree or higher in quantitative field of study is preferred.
• Ability to utilize quantitative approaches to generate sound business analyses. Identify results out of the norm, draw conclusions and articulate findings.
• Demonstrated problem solving experience gained through related work experience.
• Ability to communicate effectively to both technical and non-technical audiences.
• Programming query experience (SQL or related software). Proficient Microsoft Office skills.
• Ability to work independently and efficiently on tasks assigned by the Product Manager.
• 2 or more years in actuarial, or other analytical role.
• 2 or more years of experience with relational database tools and concepts.
• Property and Casualty Insurance experience preferred.

SALARY RANGE

The pay range for this position is $85,000 to $119,500 annually. 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”.