Westfield Insurance ยท 1 day ago
Small Business State Product Management Analyst
Westfield Center, OH
Full-time
Onsite
Mid Level
3+ years expWestfield Insurance is a global leader in property and casualty insurance, delivering innovative solutions to customers. The Small Business State Product Management Analyst will support growth and profitability by analyzing trends and collaborating with various departments to ensure products meet profitability and customer satisfaction goals.
Insurance
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
Develops top and bottom-line 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 rate 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 decisions and processes are in alignment with company policies and meet all legal and regulatory requirements
Qualification
Required
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
Demonstrates excellent problem-solving abilities, in a practical way, to balance between addressing root cause and introducing changes in fast order
Develops a deep understanding of the regulatory and statutory environments for assigned states and/or lines of business
Ensures product decisions and processes are in alignment with company policies and meet all legal and regulatory requirements
Preferred
Certified Market Research Professional (CMRP)
Collaborates
Customer focus
Communicates effectively
Decision quality
Nimble learning
Certified Analytics Professional (CAP)
Business Requirement Gathering
Technical Documentation
Data Reporting and Analysis
Product Development Lifecycle
Business Analysis
New Product Development
Market Research
Product Analytics
Company
Westfield Insurance
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.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Joe Kohmann
Chief Financial Officer & Treasurer
Amy Larsh
Executive Assistant to the President, CEO & Board Chair
Company data provided by crunchbase