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Sr Product Analyst

24316

We are Farmers!

We are… more than just your favorite commercials.  At Farmers, we strive to deliver peace of mind to our customers by providing protection and comprehensive advice and delivering in the moments of truth. That means having people who can help us meet changing customer and business needs. Farmers high-performance culture is focused on results and the people who achieve them. We hold ourselves and others accountable for sustainably growing the business and each other. We seek solutions, own our actions, and grow through discomfort. We see setbacks as opportunities while continuously asking ourselves how we impact our customers. 

 

Farmers is an award winning, equal opportunity employer, committed to the strength of a diverse workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn’t just our business – it’s our culture!  To learn more about our high-performance culture and open opportunities, check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok. 

 

Workplace:  Hybrid ( #LI-Hybrid )

Farmers believes in a culture of collaboration, creativity, and innovation, which thrives when we have the ability to work flexibly in a virtual setting as well as the opportunity to be together in person. Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered.

Job Summary

The candidate selected for this position will be responsible for running the tools necessary to go through a rate revision process on personal lines products.  This involves running tools, doing data retrieves, reporting, and synthesizing large sets of data into meaningful information. 

  • Responsible for obtaining, evaluating, and communicating information that supports revenue growth and profitability.
  • Recommends strategies for improving results and market position.

Experience Requirements

  • 3 years experience in similar role or one year in Product Analyst II role.

Special Skill Requirement

  • Proficient PC Skills, including Excel, and basic programming utilizing Python or SQL.
  • Excellent verbal/written communication skills, including ability to make effective presentations and write articles publishable in trade magazines.

Education Requirements

  • High school diploma or equivalent required.
  • Bachelor’s degree preferred.

Essential Job Functions

  • Analyzes information using data correlation, and statistical analysis.
  • Develops data and information structure.
  • Creates and modifies computer programs to extract information from company databases.
  • Prepares analyses of loss experience, retention, and expense data.
  • Suggests enhancements to standard methodologies.
  • Performs primary field research, including customer, distribution, competitor, insurance department, and market surveys.
  • Works with State Offices to support rate proposal and marketing plan development.
  • Identifies market segments and develops specialized pricing approaches.
  • Prepares exhibits for state filings and responds to requests from regulators for additional data.
  • Provides detailed requirements for systems implementation projects.
  • Measures and monitors performance of states, initiatives, and identified segments.
  • Facilitates through other parts of the organization to accomplish results.
  • Performs other duties as assigned.

Physical Actions

  • Required job duties are essentially sedentary work consisting of occasional walking, standing, and lifting and/or carrying 10 lbs maximum, and seeing.

Physical Environment

  • Required job duties are normally performed in a climate- controlled office environment.

Benefits

  • Farmers offers a competitive salary commensurate with experience, qualifications and location.
    o CA Only: $82,560 - $119,300
    o CO Only: $77,360 - $103,200 
    o HI Only: $77,360 - $110,200
    o IL Only: $77,360 - $110,200
    o NY/ DC Only: $75,440 - $116,300 
             o Albany County: $82,560 - $103,200 
    o WA Only:  $77,360 - $137,750 
  • Bonus Opportunity (based on Company and Individual Performance)
  • 401(k)
  • Medical
  • Dental
  • Vision
  • Health Savings and Flexible Spending Accounts
  • Life Insurance
  • Paid Time Off
  • Paid Parental Leave
  • Tuition Assistance
  • For more information, review “What we offer” on https://www.farmers.com/careers/corporate/#offer

 

Job Location(s): Independence, OH or Grand Rapids, MI (other locations may be considered) 

Anticipated application deadline: 5/24/2024 - At Farmers, the recruitment process is designed to ensure that we find the best talent to join our team. As part of this process, we typically close open positions within 8 to 21 days after posting. If you are interested in any of our open positions, we encourage you to submit your application promptly.

Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on InstagramLinkedIn, and TikTok.


Nearest Major Market: Cleveland

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