Senior Product Analyst, Small Commercial

$76,960 - $115,440/Yr

The Hartford - Hartford, CT

Full-time - Mid Level

Remote - Hartford, CT

10,001+ employees

Insurance Carriers and Related Activities

About the position

The Small Commercial Sr. Product Analyst is responsible for conducting comprehensive analysis on product performance within an assigned geographic region. This role involves analyzing profit and growth performance for products, providing recommendations for enhancements, and forecasting production trends over a 24-month horizon. The Sr. Analyst plays a key role in setting prices, designing product features, and adjusting underwriting guidelines, while also contributing to commission and sales strategies. This position offers a hybrid or remote work arrangement, depending on the candidate's location.

Responsibilities

• Conduct comprehensive analysis on product performance within an assigned geographic region.
• Analyze profit and growth performance for products and provide recommendations on enhancements.
• Forecast production trends over a 24-month horizon.
• Set prices and design product features in collaboration with the Product Director.
• Adjust underwriting guidelines and provide input into underwriting practices.
• Collaborate with sales, underwriting, actuarial, and other key business partners to develop local market strategies.
• Incorporate company, industry, and competitor information into holistic recommendations.
• Anticipate shifts in competitiveness and profitability using geography-specific data.

Requirements

• Bachelor's degree in a quantitative field such as Economics, Finance, Business Analytics, Statistics, or Mathematics.
• At least 3 years of experience in P&C commercial lines insurance industry evaluating product, pricing, research, or underwriting.
• Alternatives include at least 3 years in P&C personal lines product, data science, performance analytics, or similar analytical roles.
• Strong technical skills in Excel, including the ability to create, manipulate, and formulate spreadsheets.
• Ability to work with larger data sets and develop analytical insights.
• Excellent communication skills, including the ability to visualize quantitative information for non-technical audiences.
• Experience building and using reports and dashboards with Tableau or similar platforms is a plus.
• Experience using Python, R, or similar programming languages for analysis tasks is preferred.

Nice-to-haves

• Experience in exploratory data analysis (EDA), data cleaning, causal inference, simulation/bootstrapping, modeling, or machine learning.

Benefits

• Short-term or annual bonuses
• Long-term incentives
• On-the-spot recognition
• Comprehensive health insurance
• 401k retirement savings plan
• Paid time off and holidays
• Employee discounts
• Professional development opportunities