Senior Product Analyst

QBE Insurance Group

Education
Industry
Experience
Workhours
Build and maintain profitable products within areas of responsibility by monitoring and analyzing regulatory and ISO rating guidelines and developing and recommending coverage program, policy form and pricing modifications to management teams to influence adoption of profitable rates and align services with organizational objectives.

Essential Job Responsibilities

  • Manage the development of profitable products for areas of responsibility by tracking high-impact state insurance bureau and ISO rate changes, analyzing profit/loss results for existing products and reviewing actuarial trend analyses to recommend rate changes and optimize pricing and coverage programs
  • Implement a comprehensive, multivariate approach to rate change assessments by pulling, integrating and analyzing data from multiple systems and researching and compiling market competition and state profile information to identify and recommend changes that increase organizational profitability, achieve target returns and enhance market position
  • Facilitate Product and Underwriting compliance by monitoring state-specific insurance programs, aligning recommendations with changing regulations and building and updating underwriting guides, policy forms and product manuals to ensure rates and pricing reflect current regulatory guidelines and enhance organizational competitiveness
  • Support key stakeholders across the organization by collaborating with Underwriting, Actuarial, Information Technology (IT) and Sales and Marketing to inform on rate changes, clarify and resolve issues and implement efficient delivery of product modification notices to key stakeholders
  • Facilitate a team-oriented approach to product rating operations by collaborating with IT to coordinate and oversee rating system changes and communicating with senior team leaders to influence the adoption of recommended rate modifications and contribute to ad-hoc projects as required
  • Mentor and guide junior analysts by providing advice, resolving complex escalated issues and training on product analysis best practices to ensure understanding of and alignment with organizational profitability objectives
  • Contribute to a positive work environment by demonstrating cultural expectations and influencing others to reward performance and value “can do” people, accountability, diversity and inclusion, flexibility, continuous improvement, collaboration, creativity and fun
  • Adopt QBE values in personal work behaviors, decision-making, contributions and interpersonal interactions; manage own career development by soliciting feedback and valuing other perspectives

Requirements and Qualifications

Education

  • Bachelor’s Degree or equivalent combination of education and work experience

Experience

  • 4 +  years relevant experience
  • Experience with insurance product rating and analyses
  • Experience with insurance products and their applications to the business

Preferred Qualifications

Education

  • Master's Degree
  • Math, Economics, Finance degree, or Master of Business Administration (MBA

Experience

  • Previous product analysis experience in area of responsibility

Licenses/Certifications

  • Chartered Property Casualty Underwriter (CPCU) or Certified Insurance Counselor (CIC) or Completion of three Casualty Actuary Society (CAS) exams

Knowledge

  • Advanced working knowledge of insurance principles, including contracts, rating, coverage and underwriting
  • Advanced working knowledge of policy forms, rates, rules and procedures for area of responsibility
  • Advanced working knowledge of Microsoft Excel, Access and Word
  • Advanced working knowledge of online information research principles and best practices
  • Advanced working knowledge of state and federal regulatory requirements for area of responsibility
  • Advanced working knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications
  • Working knowledge of SAS software

Skills

  • Use multiple resources to gather and analyze information; evaluate causal relationships and identify impact of a given decision
  • Draw conclusions from relevant and/or missing information; extrapolate from limited or complex data
  • Anticipate future consequences and trends and create accurate forecasts and models
  • Effectively and efficiently present logic, reasoning, and analysis to senior team leaders
  • Anticipate obstacles and challenges, identify root cause and strategize plans to address
  • Build, nurture and maintain complex relationships; clearly and confidently convey information and analysis to a wide audience
  • Collaborate with people across the organization to accomplish a common goal

Abilities

  • Prioritize interests of the company and community during decision-making
  • Initiative to set personally challenging, realistic and outcomes-focused goals
  • Utilize insightful judgment to make sound decisions
  • Mentor others by providing guidance and encouragement
  • Understand team dynamics and utilize the individual strengths of each member to achieve results
  • Participate in additional related education or training

Travel frequency

  • Infrequent (approximately 1-4 trips annually)

Number of Openings:

1

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

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Confirmed 12 hours ago. Posted 30+ days ago.

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