Product Analyst - Data and Market Analytics

Product Analyst – Data and Market Analytics

Salary: $80k-$100k bonus

Location: Bloomington, IL (Local candidates only)

Hybrid: 3 days onsite, 2 days remote

*We are unable to provide sponsorship for this role*

*This role is not available to relocation candidates*

Qualifications

• Bachelor’s degree
• 2 years of relevant experience
• Proficiency in SQL for data extraction, transformation, and analysis.
• Experience with Python for advanced analytics, automation, and data processing.
• Strong analytical and problem-solving skills with the ability to translate complex data into actionable business insights.
• Familiarity with data visualization tools (Power BI and/or Tableau)
• Experience with forecasting and modeling.

Bonus Points

• Insurance industry experience
• Cloud-based analytics environment

Responsibilities

• Drive the successful development of new products and the effective management and enhancement of existing products by making recommendations regarding product design, pricing, underwriting, agency management, distribution, claims and other processes.
• Ensures overall goals for production and underwriting profitability are met by analyzing premium rates, loss experience, and retention.
• Monitors the mix of business in assigned state(s), identifying changes in the mix and reasons for those changes.
• In conjunction with marketing, develop assigned state(s) business profit and growth strategies and translate business ideas and market opportunities into new product ideas by researching and maintaining awareness of all major competitors' current market positions (i.e., rates, service levels, financial positions and operating strategies), business directions, financial dynamics, and new technologies.
• Communicates and coordinates key profit metrics by coordinating with the Information Technology (IT) department to ensure proper implementation of rate revisions, new products, new product features, and other initiatives; develops working relationships with Accounting, Actuarial, Claims, Customer Service and IT.