Senior Product Analyst

Job Description

  
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. Start your career at Farmers today! 
  
Farmers Insurance

Farmers Insurance, a premier US property and casualty insurer, seeks talented individuals to join the Personal Lines group at Farmers. Members of the Personal Lines team work together to achieve our goals of:

• Profitable growth,

• Improved competitive position,

• Use of cutting edge methods and forward thinking in development of new products,

• Maintenance of existing products with a fresh and ever-evolving point of view

Each of these goals supports Farmers’ overall mission of instilling confidence, security, and peace of mind in our customers by helping them get smart about insurance, plan for potential risk, and quickly restore their lives after a loss.


Product Management


Members of the Product Management Team are responsible for driving profitable growth in the assigned Farmers’ line of business. Partnerships with other departments will help to ensure each state performs at the highest possible level. Industry knowledge, prior experience, instinct and business acumen combine to drive decisions in each individual state. Day to day responsibilities include:

• Analyzing product rate levels, segmentation and underwriting practices to maintain profitability

• Evaluating the competition: How does our product compare to others in the marketplace?

• Using knowledge of state regulatory guidelines and constraints to assure product compliance

• Maximizing product marketability by assessing product features, customer friendliness and agent quoting behavior

• Collaborating with departments outside of product management, including pricing, distribution, claims, and government affairs

Role of a Senior Product Analyst


The Senior Product Analyst role is to support the Product Management Team through obtaining, analyzing and communicating information that provides insight to the revenue growth and profitability for the line of business. The successful Senior Analyst will:

• Provide thoughtful recommendations to the Product Management Team on pricing and other strategic decisions.

• Conduct complex analysis to support business decisions on the assigned product.

• Analyze competitor information to uncover industry trends.

• Query databases to conduct ad-hoc analysis on specified or varied metrics.

• Build tools to create efficiencies in every aspect of work and especially in analyzing metrics

• Prepare presentations in support of rate changes and other strategic decisions

• Aid in training and development of other Analysts team members

A day in the life of a Senior Analyst will include use of Business Intelligence or Database (SAS/SQL) tools to extract and manipulate data. Through careful analysis, the Senior Analyst will use the data to gain a deeper understanding of the behavior of the business. Reporting/presenting findings to managers and others will be key to success and advancement, especially when insights are leveraged to recommend product modifications which positively affect the bottom line. The Senior Analyst would also track and evaluate the performance of the modifications. Special projects and other advanced opportunities will be presented to Senior Analysts who demonstrate potential through outstanding execution of day-to-day tasks.


Qualifications

College Degree required. Major in Math, Economics, Finance or Business preferred.

• Four years’ experience in similar role or graduate degree and two years’ experience in similar role.

• Proficiency in Microsoft Office Suite

• Excellent verbal and written communication

• Strong analytical skills and financial acumen

• Ability to manipulate and analyze data, and use reason and logic to draw conclusions

• Excellent organization and time management skills

• Exposure to computer programming language preferred


Candidates who do not meet all the qualifications for the Senior Product Analyst position may be considered for the Product Analyst I position.

Benefits and Perks

401K savings plan

• Generous paid time off

• Medical, Dental, Vision, Life and Long Term Disability Insurance

• Health and wellness benefits

• Flexible spending account (FSA) and Health Savings Account (HSA)

• Tuition reimbursement

 


Office Location: Independence, OH

 


Candidate qualifications may be reviewed against the requirements for the associated levels of this position's core function.   
  
Farmers is an equal opportunity employer, committed to the strength of a diverse workforce. 
]]>
Schedule: Full-time

Job Posting: 03/29/2019