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Product Analyst II - Quantitative

Company: Plymouth Rock Assurance Corporation
Location: Boston
Posted on: June 8, 2021

Job Description:

Monitor product performance and industry trends, develop recommendations and implement product changes to improve product performance. Lead semi-annual rate change process; develop recommendations for product changes. Lead business requirements development for product changes, collaborate with IT on developing functional requirements, testing and implementation. Contribute to the development of the companys product features, pricing and competitive position. Analyze business issues and provide recommendations for the implementation of new rating plans, underwriting rules, process improvements, and other initiatives to support profitable growth and improve competitive position. Understand predictive modeling and other quantitative concepts and serves as a resource to other Product Analysts in interpreting these concepts for business application. Develop and presents a comprehensive review of the products he/she is responsible for. Examine the impact of changes in state regulatory environment on the product and business processes and proposes necessary changes. Design, reviews, and analyzes monthly and quarterly reports used to manage the companys financial and operational performance, as well as ad hoc analyses as needed. Analyze competitive data, identifies trends and opportunities. Recommend areas for enhancement to products to improve competitive position. Play a key role in User Acceptance Testing, product verification and product implementation. Assist with annual loss and premium budgets. Use available tools and data systems to identify, test and solve strategic business issues within the company data/reports, troubleshoots when there are inconsistencies and presents findings to management. Collaborate with the Actuarial team and other functional areas such as Customer Service, Marketing, Claims, Finance, Information Systems, and Senior Management to assess the potential effects of product changes and incorporates these considerations into recommendations. Challenge current processes and propose solutions to obtain the best outcome. Query databases, gather data, perform prescribed ad-hoc analyses. Gather competitive information. Test defect fixes in QA and production environments.

Education and Experience: Master's Degree in Economics, Finance, Statistics, Mathematics or related field (willing to accept foreign education equivalent) plus two (2) years of experience in monitoring and analyzing insurance trends.

Special Requirements: Demonstrated expertise utilizing SQL to develop reusable scripts and stored procedures with relational databases; Demonstrated expertise utilizing SAS, Excel, including VBA, or comparable statistical tools to perform advanced statistical analyses; Demonstrated expertise performing Time Series and Predictive Analysis; Demonstrated expertise using Tableau to create visualization and present data in a manner that is functional to upper management; Demonstrated expertise performing statistical analyses on historical loss cost to forecast future loss cost and assess expected close rate; and Demonstrated expertise performing analyses using RADAR to monitor and forecast product performance.

Keywords: Plymouth Rock Assurance Corporation, Boston , Product Analyst II - Quantitative , Insurance , Boston, Massachusetts

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