Small Business State Product Management Analyst

About the Role

Key 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 underwriting and sales.
• Collaborate with Actuarial, Underwriting, and Sales during rate review process to align rate 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.
• Develop top and bottom-line forecasts and rigorously analyze and evaluate 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 rate and pricing changes, book mix changes, and any outliers in trends; then provide recommendations on potential course of actions.
• Demonstrate excellent problem-solving abilities, in a practical way, to balance between addressing root cause and introducing changes in a fast order.
• Acquire market and competitive intelligence and develop knowledge of emerging trends to effectively compete in a rapidly changing environment and share knowledge with the organization.
• Develop a deep understanding of the regulatory and statutory environments for assigned states and/or lines of business. Ensure product decisions and processes are in alignment with company policies and meet all legal and regulatory requirements.

Requirements

• 3-5 years of experience in Product Research, Insurance industry or a related field.
• Bachelor's degree in market research, statistics, data science, business, or a related field and/or commensurate work experience.
• Experience with Business Requirement Gathering, Data Reporting and Analysis, and Product Development Lifecycle.
• Knowledge of Market Research, Product Analytics, and Business Analysis.
• Behavioral competencies including collaboration, customer focus, effective communication, decision quality, and nimble learning.
• Certifications such as Certified Market Research Professional (CMRP) and Certified Analytics Professional (CAP) are preferred.

Nice to Have

• Certifications such as Certified Market Research Professional (CMRP) and Certified Analytics Professional (CAP).

Qualifications

• Bachelor's degree in market research, statistics, data science, business, or a related field.
• 3-5 years of relevant experience.