Senior Product Analyst (Flex Home/Office)

$95,000 - $156,000/Yr

Homesite - Boston, MA

Full-time - Mid Level

Boston, MA

About the position

The position involves monitoring and analyzing the performance of product lines within the insurance sector, providing strategic recommendations to leadership, and conducting competitive research to enhance product offerings. The role may focus on product management and development, ensuring compliance and financial viability of new and existing products.

Responsibilities

• Serve as project lead for implementation of High Risk products and services, including E&S Homeowners, Florida HO3, Private Flood Coverage, California Earthquake Coverage.
• Monitor and analyze the performance of the product lines, agent, or book of business.
• Evaluate profit factors and conduct analysis of performance data to provide product strategy recommendations relating to profit, growth, retention, and overall book of business.
• Research and develop concepts for complex new or enhanced products and/or services.
• Work with partners in pricing/actuarial, claims, etc. to ensure product compliance and financial viability.
• Prepare contract language, develop initial underwriting guidelines and standards, and oversee development of new predictive analytics including pricing models and other predictive models.
• Serve as subject matter expert in development of contract language and/or underwriting guidelines. Ensure product compliance.
• Produce detailed competitive research and analysis for personal lines products using a variety of information sources and tools to support decision making.
• Analyze all available data forming conclusions regarding competitive position in the marketplace. Provide recommendations to leadership to capitalize on product offerings and geographical areas.
• Provide expertise regarding how competitor actions and industry trends influence personal lines ability to meet corporate and divisional objectives. Make recommendations to management regarding operational and product changes that may enhance competitive position.
• Stay abreast of all rate changes, rating enhancements and program changes by competitors; research competitor filings, rate and rule manuals to ascertain changes made and their impact on competitive position.

Requirements

• Demonstrated experience providing customer-driven solutions, support or service.
• Demonstrated experience performing complex financial, actuarial or business analysis.
• Solid knowledge and understanding of customer, business industry, insurance, underwriting guidelines and risk concepts in area of expertise.
• Demonstrated problem-solving and analytical skills to review complex products, and/or lines of business.
• Demonstrated experience making independent decisions.
• Demonstrated experience in project management methodologies, practices, techniques and tools.

Benefits

• Comprehensive medical, dental, vision and wellbeing benefits.
• Competitive 401(k) contribution.
• Pension plan.
• Annual incentive.
• 9 paid holidays.
• Paid time off program (23 days accrued annually for full-time employees).
• Student loan repayment program.
• Paid-family leave.