Product Management Analyst I

$70,000 - $70,000/Yr

American National Insurance - Albany, NY

Full-time - Entry Level

Albany, NY

Insurance Carriers and Related Activities

About the position

American National is seeking a Product Management Analyst for our corporate locations in Glenmont, NY, or Springfield, MO! Working on our Property and Casualty Competitive Intelligence team, this position will be primarily focused on developing and maintaining competitor analysis tools, including side-by-side comparisons of rating methodologies and coverage options for strategic lines of business. Using data manipulation, correlation, and statistical analysis, the Product Management Analyst will be the key point of contact for market intelligence and will recommend future target markets and growth opportunities for the organization. The role involves developing and maintaining standardized monthly reports for specified regions and/or lines of business to measure and monitor performance of growth and profitability, as well as product development initiatives. The analyst will research and analyze competitors' products, creating side-by-side comparisons of coverages and rating methodologies. Utilizing industry reporting tools, the analyst will review and summarize competitor market share and performance within a region or line of business, becoming the subject matter expert for competitor information including coverage differentiation, rating structures, policy language, and competitor strategy. Additionally, the analyst will analyze regional or line of business results to identify trends and issues, working closely with the Product Manager to address these findings. They will determine key competitors within states, regions, and lines of business, and make recommendations for the development of product enhancements based on competitor and field reviews. Collaboration with marketing to identify areas of focus and opportunity is also a key aspect of this role, along with developing and executing plans for competitor and market research and analysis. The analyst will perform field research, including customer distribution, competitor, insurance department, and statistical analysis, while working closely with the Countrywide Product Manager to coordinate the development of new products and product changes. Support for Product Managers on special projects will also be part of the responsibilities.

Responsibilities

• Develop and maintain standardized monthly reports for specified region and/or line of business to measure/monitor performance of growth and profitability, and product development initiatives
• Research and analyze competitors' products, including the creation of side-by-side comparisons of coverages and rating methodologies
• Utilize industry reporting tools to review and summarize competitor market share and performance within a region or line of business
• Be subject matter expert for competitor information including coverage differentiation, rating structures, policy language, and competitor strategy
• Analyze regional or line of business results to identify trends and issues and work with Product Manager to address
• Determine key competitors within states, regions, and lines of business
• Make recommendations for development of product enhancements based on competitor and field review
• Work with marketing to identify areas of focus and opportunity
• Develop and execute plan for competitor and market research and analysis
• Perform field research, including customer distribution, competitor, insurance department and statistical analysis
• Work closely with Countrywide Product Manager to coordinate development of new products and product changes
• Support Product Managers on special projects

Requirements

• Bachelor's degree or equivalent work experience
• A minimum of two years' experience in P&C insurance preferred
• Ability to work independently with excellent organization skills and initiative
• Positive attitude and continued desire to improve
• Effective written and verbal communications skills, with the ability to communicate findings across multiple employee levels
• Ability to maintain effective working relationships with co-workers, supervisors, management and other personnel
• Strong computer skills - with specific knowledge of Excel, PowerPoint, and SharePoint desired
• Highly proficient managing data in Excel; experience utilizing PowerBI preferred
• Excellent analytical and critical thinking skills

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Basic life insurance
• 401k plan
• Paid time off
• Paid holidays