Product Analyst

Tower Hill Insurance Group has an exciting opportunity for a talented Product Analyst who enjoys intellectual challenges and is seeking a rewarding career with a company that is experiencing growth. Not only is Tower Hill Insurance one of Florida's most trusted names in homeowners insurance, but it offers great opportunities for career advancement and personal growth, along with very competitive benefits and rewards. We are growing at a consistent pace and seek professional individuals with drive, team mentality, who want to make an impact, and are committed to a long-term career in the insurance industry.

The Product Analyst maintains strong knowledge of property insurance products, systems and pricing as they collaborate with multiple business functions to help design and build new product offerings, while assisting with managing existing product in assigned states and lines of business. This position communicates with multiple audiences including system development teams, insurance producers, various levels of management, and state insurance departments.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Conduct market analysis, including competitor rate comparisons.
• Recommend coverage offerings.
• Develop forms and rates & communicate related business requirements.
• Assist in development of marketing material.
• Prepare and analyze policy data and perform “what-if” rating scenarios.
• Participate in System design.
• Complete User Acceptance Testing scenarios.
• Conduct profitability studies.
• Participate in the filing process, including handling objections and interfacing with state departments of insurance.
• Support ownership of profit and loss in assigned states, or in assigned lines of business.
• Assist with the development of new products and services.
• Support the product lifecycle by analyzing data to inform decisions on product modifications, launches, and exits.
• Monitor regulatory changes and assess their impact on product offerings and pricing models.
• Analyze policyholder data to understand risk profiles, claim patterns, and customer behaviors to optimize product offerings.
• Provide data-driven recommendations to senior leadership and key stakeholders on product strategy and pricing.

ADDITIONAL DUTIES

This job description reflects the general duties considered necessary to describe the essential functions of the job and should not be considered a complete description of all the work requirements and expectations of the position. Tower Hill reserves the right to assign duties not listed herein as necessary to accomplish the goals of the organization.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION

High School Diploma or GED required. Bachelor’s Degree preferred.

EXPERIENCE

Minimum of one (1) year of relevant product/pricing experience preferred.

CERTIFICATIONS

N/A

LICENSES

Valid Driver’s License required.

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  Tower Hill Insurance currently operates in these states CT, FL, GA, IA, IN, KY, MI, MS, NC, OH, SC, TN, TX, UT, VA, WV.

Preferred work arrangement hybrid on-site, but remote candidates will be considered based on qualifications and experience.

BENEFITS

• Medical
• Dental
• Vision
• Life & Accidental Death and Dismemberment (AD&D), and Disability Insurance
• 401(k)
• Health Savings Account
• Accident and Cancer insurance plan

We offer competitive pay and benefits, and well-being programs to support you and your family. For more information about our company, careers and Total Compensation visit: Total Compensation - Tower Hill Insurance (thig.com)

Tower Hill Insurance is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

Tower Hill Insurance is committed to working with and providing reasonable accommodation for individuals with disabilities. If you need reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to hrdepartment@thig.com or call (561) 812-6247 and let us know the nature of your request and your contact information.

All applicants will receive an acknowledgement that their application has been received. Candidates will not receive status updates regarding their application; however, those candidates selected for further consideration will be contacted by Human Resources.