Product Analyst

Plymouth Rock Assurance - Woodbridge Township, NJ

Full-time

Woodbridge Township, NJ

1,001-5,000 employees

Insurance Carriers and Related Activities

About the position

The Product Analyst plays a crucial role in supporting the development of product features, pricing, and competitive positioning for Plymouth Rock's personal lines products. This position involves data extraction for analysis and implementation of new rating plans, enhancements to telematics programs, underwriting rules, and process improvements aimed at fostering profitable growth and enhancing competitive standing.

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 achieve company goals effectively and cost-efficiently.
• Conducts cost-benefit analyses of changes and adjustments related to Underwriting.
• Works closely with others to understand 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.

Requirements

• 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, with 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 a quantitative field of study.
• Property and Casualty Insurance experience preferred.