What are the responsibilities and job description for the Personal Lines Product Analyst position at Macpower Digital Assets Edge Private Limited (MDA Edge)?
Job Summary: As a Personal Lines Product Analyst, you will be a critical member of our PL Market Management team and will be reporting to the Personal Lines Product Analytics Supervisor. You will be tasked with improving our product insights for Personal Lines Market Managers by advancing product analytics, driving our analytic and competitive tools and data. In short, you will have the rewarding opportunity to drive Personal Lines into the future by providing the analytic and data-driven tactical support to the local markets to drive the business.
How does a Personal Lines Product Analyst make an impact:
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:
- 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.
Salary : $65,000 - $90,000