Personal Lines Product Analyst

JOB DESCRIPTION

Title :  Personal Lines Product Analyst
 
Location :  Bloomington,  IL (Hybrid)
 
Salary :  $65,000       $90,000  /  yr  
 
  
 
How does a Personal Lines Product Analyst make an impact?
 
 
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, develops assigned state(s) business profit and growth strategies and translates 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. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Qualifications: 
Do you have what we're looking for?
 
 
Excellent organizational skills and attention to detail.
 
Excellent oral and written communication skills, including the ability to present to small groups.
 
Knowledge of personal lines insurance products and processes.
 
Experience with forecasting and modeling.
 
Experience with SQL and understanding of relational databases.
 
Typically requires 2 years of relevant experience or a combination of related experience, education and training.