What are the responsibilities and job description for the Personal Lines Product Analyst position at Operations Manager?
This position offers a hybrid work schedule and is based out of our corporate offices in Bloomington, IL.
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.
Job Type: Full-time
Pay: $58,017.93 - $69,871.06 per year
Benefits:
- Flexible schedule
- Health insurance
- Life insurance
- Paid time off
Schedule:
- Monday to Friday
Experience:
- Personal Lines Product Analyst: 5 years (Preferred)
- Insurance: 5 years (Preferred)
Work Location: In person
Salary : $58,018 - $69,871