Summary
The Product Analyst is a key member of the Product Management team reporting to the VP, Product Management. We are seeking a talented analyst with Property & Casualty experience (required) in quantitative skills including an analytic background to assist in the development of new states and products and the management of the existing business in support of our growth and profit objectives.
The ideal candidate will be located near our Chicago office, and will plan to work in-office at least 2-3 times a week.
Duties and Responsibilities
- Responsible for implementing countywide strategies in designated markets in addition to developing state specific changes, including creation of actuarial support.
- Engage a network of reliable, efficient working relationships with other departments including countrywide product, product development, underwriting, claims, service, marketing, communications and other areas that support the business to monitor market dynamics and lead efforts to make changes to business offerings and processes.
- Attempt to resolve roadblocks while achieving state level objectives.
- Responsible for executing end to end state rate changes from original analysis through field alignment, filing submission, and system implementation, complying with state specific standards, and maintaining state compliance and competitiveness.
- Establish goals independently for state rate reviews, including indication analysis utilizing provided data access and support.
- Create concise proposals to communicate recommendations to stakeholders.
- Ensure Rate & Rule Manuals are up to date and consistent organizational standards.
- Mentor/manager to junior analysts.
- Monitor competitor activities and provide field partners with insights with the ability to ascertain relevant items in a timely manner.
- Conduct original analysis to uncover trends across loss performance and competitive intelligence.
- Cultivate relationships with insurance departments and legislators to facilitate rate revision approvals.
- Stay on top of compliance issues at the state level.
Position Requirements
- 3+ years of relevant, analytical experience
- Property & Casualty Insurance experience required; background in High Net Worth P&C Insurance a plus
- Deep knowledge of the North American P&C industry, competitors, insurance product pricing, financial drivers of profitability; comprehensive understanding of legislative and Department of Insurance regulations.
- Excellent analytical, quantitative and problem-solving skills and strong attention to detail
- A minimum of a Bachelor’s degree is strongly preferred, ideally in an analytical field of study such as Economics, Finance, Math, Statistics or Actuarial Science
- Versed in the Actuarial ratemaking process
- Excellent Excel skills
- Ability to organize and transform large datasets to stand up analytical exercises
- Ability to write and update SQL queries a plus
- Well-developed oral and written communication skills; comfortable speaking in front of large and small groups
- Consultative leadership style; strong organizational skills, problem solving and analytical skills
- Good interpersonal skills and the ability to work well in a team environment
The base salary for this role can range from $60K - $80K, based on a full-time work schedule. An individual’s ultimate compensation will vary depending on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience.
Top Skills
What We Do
PURE is a specialty property and casualty insurer dedicated to helping a membership of responsible people protect high value homes, jewelry, artwork and other fine assets.
We opened for business more than 15 years ago with the goal of offering something different in the insurance space: a company focused on promoting transparency, alignment of interests and doing what’s right. Our focus helps to keep premiums fair and service astonishingly good.
After growing at least 15% year over year since inception, we are the most awarded insurer in our category, offering coverage in all 50 states. Today, our membership is made up of more than 100,000 financially successful individuals and families and continues to grow sustainably.
#LoveYourInsurance #JoinTheClub
