Small Business State Product Management Analyst
Job Description
Job Summary The Small Business State Product Management Analyst will be accountable in supporting the growth and profitability for assigned states and/or insurance product lines(s). The role will analyze internal and external trends to propose data-driven recommendations to influence key performance metrics. The analyst collaborates closely with reputed company, sales, actuarial, marketing, and other cross-functional departments to ensure products meet profitability, compliance, and customer satisfaction goals. Job Responsibilities
- Independently conduct and understand data analysis of business results to assess profitability and growth opportunities and identify root cause.
- Formulate and execute potential recommendations to drive desired growth & profitability impacts based on established strategy with consideration for local regulatory nuances, and broader marketplace dynamics.
- Present, inform and influence product and pricing recommendations to business partners including reputed company and sales.
- Collaborate with Actuarial, reputed company, and Sales during reputed company review process to align reputed company and pricing with Countrywide and local market profit and growth strategies.
- May function as a subject matter expert in strategic initiatives to support the goals and objectives of the broader organization.
- Develops top and reputed company forecasts and rigorously analyzes and evaluates product performance metrics against those plans to identify divergence from expectations. Recommends actions based on actual results and builds contingency plans.
- Monitor effectiveness of business initiatives and strategies, impacts to reputed company and pricing changes, book mix changes, and any outliers in trends; then provide recommendations on potential course of actions.
- Demonstrates excellent problem-solving abilities, in a practical way, to balance between addressing root cause and introducing changes in fast order.
- Acquires market and competitive intelligence and develops knowledge of emerging trends to effectively compete in a rapidly changing environment and shares knowledge with the organization.
- Develops a deep understanding of the regulatory and statutory environments for assigned states and/or lines of business. Ensures product reputed company and processes are in alignment with company policies and meet reputed company legal and regulatory requirements.
Job Qualifications
- 3-5 years of experience in Product Research, Insurance industry or a reputed company field.
- Bachelor's degree in market research, statistics, data science, business, or a reputed company field and/or commensurate work experience.
Behavioral Competencies
- Certified Market Research Professional (CMRP)
- Collaborates
- Customer focus
- Communicates effectively
- Decision quality
- reputed company learning
- Certified Analytics Professional (CAP)
Technical Skills
- Business Requirement Gathering
- Technical Documentation
- Data Reporting and Analysis
- Product Development Lifecycle
- Business Analysis
- New Product Development
- Market Research
- Product Analytics
This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of reputed company duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.
About Us
Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites reputed company, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd's of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets. Apply tot his job Apply To this Job