Senior Product Analyst

plymouthrock; Port Reading (NJ); On-site; USD 85,000 - 119,000; Full time

Benefits offered by this job

4 weeks PTO + holidays + floating days

Health insurance starting Day 1

401(k) employer contribution

Onsite gym at Woodbridge location

Professional development resources

Wellness program and fitness reimburse

Paid family leave options

Tuition reimbursement

Job summary

Plymouth Rock is seeking a Senior Product Analyst to support the ideation and development of new product features, with a strong emphasis on expanding and strengthening our telematics program for personal lines sold in the Direct division.

You will extract data for analysis, implement new rating plans and underwriting rules, and collaborate across departments to improve pricing, competitiveness and ease of doing business in the assigned market.

Qualifications

• Master’s degree or higher in quantitative field preferred.
• Ability to utilize quantitative approaches to generate sound business analyses.
• Experience with relational database tools and concepts.

Responsibilities

• Acts as Product liaison with other departments that interface with the group.
• Support advancing the personal lines products sold in the Direct division across all regions, including identifying opportunity areas in pricing, product offering and telematics program and developing product changes to enhance them.
• Support the business to achieve budgeted growth and profitability 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; be 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.

Skills

Quantitative analysis

Communication

SQL

Microsoft Office

Independent work

Attention to detail

Actuarial experience

Relational databases

P&C insurance experience

Education

Master's degree in quantitative field

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.
• Attention to detail.
• 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 $85,000to $119,000annually. 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".