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Commercial Product Analyst I or II

4534

We are Farmers!

Join a team of diverse professionals at Farmers to acquire skills on the job and apply your learned knowledge to future roles at Farmers. Farmers Insurance also offers extensive training opportunities through the award winning University of Farmers named by Training magazine amongst top 10 corporate training units in the world.

Job Summary

Members of the Product Management Team are responsible for driving profitable growth in their assigned Farmers’ line of business or state.

Overall responsibilities include: Analyzing product rate levels, segmentation, and underwriting practices to maintain profitability. Performing analyses using data manipulation and statistical methods to develop strategies and tactics that support revenue growth and profitability. Providing support to product managers in implementing and communicating product and pricing changes.

 

Collaborating with departments outside of Product, including Actuarial, Distribution, Claims, IT, and Legal.

Essential Job Functions

  • The Analyst role supports the Product Management Team through obtaining, analyzing, implementing, and communicating information that provides for continued revenue growth and profitability.
  • Providing thoughtful recommendations to the Product Management Team on pricing and other strategic decisions
  • Provide data analytics by querying databases to conduct ad-hoc analysis on specified or varied metrics. Conducting complex analysis to support business decisions on their assigned product.
  • Building tools to create efficiencies for day-to-day tasks. Implement product changes by coordinating meetings with revision stakeholders, writing programming Requirement documents, and interfacing with IT directly.
  • Assisting in preparation of documents for regulatory filing, as well as measuring and monitoring success of state filings. Creating bulletins, marketing material, training, and online updates as needed for state filings, product changes, and more.
  • Evaluate market needs and competitor changes by researching across customers, agents, competitors, departments of insurance, and more.
  • Engage with the greater organization by preparing reports and presentations which summarize and demonstrate analysis, recommendations, or other strategic decisions.

Physical Actions

Required job duties are essentially sedentary in nature, consisting of occasional walking, standing, lifting and/or carrying ten pounds maximum.

Physical Environment

Required job duties are normally performed in a climate-controlled office environment with occasional job duties performed in company car, airplane, hotels and various physical sites dictated by travel that are not always in a climate controlled environment.

Education Requirements

High School diploma or equivalent required. Bachelor’s degree preferred.

Experience Requirements

  • Exposure to computer programming language preferred.
  • 1-4 years of experience in either insurance product management, actuarial, or in an analytical role preferred.

Special Skill Requirement

  

  • Proficient PC Skills, including Excel, SQL, SAS, Word and basic programming for statistical purposes.
  • Excellent verbal & written communication skills, including ability to make effective presentations.
  • Strong analytical skills and financial acumen. Ability to manipulate and analyze data, uses reason and logic to draw conclusions.

 

Candidate qualifications may be reviewed against the requirements for the associated levels of this position's core function. Salary grade will be based on selected candidates' experience and skills.

Job Location(s): US - CA - Woodland Hills, US - OH - Independence

Want to learn more about our culture & opportunities? Check out farmers.com/careers and be sure to follow us on Instagram and LinkedIn!


Nearest Major Market: Los Angeles

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