Millennial Specialty Insurance, LLC is one of the largest non-carrier-affiliated Managing General Agencies (MGAs) in the United States. Combining expert underwriting with industry-leading technology, MSI creates a superior insurance experience for carriers, distribution partners, and customers. MSI collaborates with insurance carriers to design and distribute products through agents, brokers, and technology partners. Founded in 2015, MSI has grown to offer a wide range of insurance products across commercial, specialty, and personal lines. In 2019, MSI joined BRP Group, Inc. (NASDAQ: BRP).
Position Summary:
We are looking for a motivated colleague to join our fast-growing Product Management team. This team is charged with developing new and innovative insurance products as well as managing our growing and increasingly diversified national portfolio of admitted and surplus lines products. More flexible and fast-paced than a traditional carrier, we are looking for an individual with an insurance background who is energized by a highly collaborative environment and is seeking opportunities to build products, process, and structure from the ground up!
As a Senior Product Analyst supporting our national admitted Homeowners program, you will work closely with the rest of the product team, IT and compliance to drive new growth in the program via our modern technology platform. You will also be responsible for analyzing the health of existing programs to ensure ongoing profitability, competitive position and compliance with local regulations.
Key Responsibilities:
- Work closely with the Product Team, internal and external associates, and vendors to support introduction of new products, enhancements to existing products, and/or entry into new markets to reach company profit and growth targets
- Collaborate with business partners throughout the organization on the rate and rule revision process, including confirming scope and timelines and implementing final revision changes
- Contribute to the development of new products: The Product Analyst may participate in the analysis and implementation of new products; Post implementation of new products, the Product Analyst will be responsible for applying quantitative and analytical methods to analyze state performance and identify additional areas of research
- Apply mathematical and statistical techniques to analyze profitability and competitive position on a state and program basis, and work with relevant team members to make recommendations on what actions can be taken to improve product performance
- Review insurance company filings, in particular rate algorithms, underwriting guidelines, and forms, along with industry and regulatory changes to provide recommendations that will improve product launches, changes, and enhancements.
- Other duties as needed to support our growing organization
Primary Qualifications:
- Bachelor’s Degree in economics, business administration, mathematics/statistics, finance or other quantitative discipline, or equivalent work experience
- Related experience in insurance product management preferred. Minimum 3 years of experience in the insurance industry
- Skilled in linking multiple data sources to organize data into a logical format for analysis.
- Knowledge of SQL, SAS, R, Python, Table, and/or other programming/data query/reporting knowledge preferred, in addition, intermediate to advanced skills in Microsoft Excel is required
- Well organized with a strong attention to detail
- Desire to solve problems, think analytically and move quickly to build new programs
- High degree of flexibility and comfort responding to changing business needs
- Self-motivated with a can-do attitude
- Ability to work as a team player to deliver results effectively and efficiently to a variety of customers
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The Baldwin Group will not accept unsolicited resumes from any source other than directly from a candidate who applies on our career site. Any unsolicited resumes sent to The Baldwin Group, including unsolicited resumes sent via any source from an Agency, will not be considered and are not subject to any fees for any placement resulting from the receipt of an unsolicited resume.
Top Skills
What We Do
BRP is now The Baldwin Group! We’ve updated our name to reflect our unified group of talented teams across the country.
The Baldwin Group is a cohesive group of experts in business insurance, employee benefits, retirement planning, and all areas of private and personal insurance. Since our founding in 2011, we’ve evolved from a local business into a national firm with a vast network of specializations and industry practices for the benefit of our more than two million clients across the country.
In addition, we have built excellent relationships with a wide range of insurance company partners. These relationships, coupled with our entrepreneurial and family-oriented culture, and deep expertise enable us to seamlessly deliver a breadth of innovative solutions to clients.
At The Baldwin Group, we help provide the solutions our clients need to have confidence and gain peace of mind as they pursue what’s possible for themselves, their families, and their businesses. Whether they are renting their first apartment or buying a larger home, opening a small business or taking their company public, we offer solutions to support them on every step of their journey. This has been our story since the beginning—we provide the indispensable expertise and quality insights that give our clients peace of mind to pursue their purpose, passion, and dreams. And that’s what The Baldwin Group will continue to do for years to come: we Protect the Possible℠.
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