W.R. Berkleyposted 2 days ago
Full-time • Mid Level
Scottsdale, AZ
Insurance Carriers and Related Activities

About the position

The E&S Senior Product Analyst assists with the bottom-line profit and loss for the assigned product lines in conjunction with other key stakeholders. The Senior Product Analyst assists with action plans and strategic direction for functional areas and maintains alignment with Product and Underwriting Leadership to ensure successful development and management of the entire product line. You will actively participate in the analysis, maintenance, implementation, and development of products, including forms, pricing, procedures, research, and underwriting to support Product and Underwriting Leadership with continued development of profitable growth.

Responsibilities

  • Assist with the analysis, evaluation, and development of recommendations and conclusions to influence profitability for multiple products across various lines of business in multiple states.
  • Assist with the design and execution of monitoring plans for new products and changes to existing products.
  • Assist with the development of forms for all lines of business understanding the need to carve out the coverages, build coverage enhancements, and protect our portfolio.
  • Work closely with Product Leadership to ensure overall goals for production and underwriting profitability are met by analyzing key metrics such as sales conversion rates, average premiums, loss experience, and retention.
  • Support Product Leadership with product strategies based on analysis of data with input from internal stakeholders, i.e. Actuarial, Claims, Marketing, Underwriting, etc.
  • Familiarity with the property and casualty insurance industry landscape, market trends, and customer and business need to synthesize insights into key product improvements and deliverables.
  • Work closely with Product and Underwriting Leadership to ensure proper execution of business requirements for assigned product lines, including new product launches and product enhancements.
  • Demonstrate accuracy, thoroughness, and attention to detail at all times.
  • Pursue training and development opportunities, strive to continuously build knowledge and skills, and share expertise with others.
  • Display original thinking and creativity while meeting challenges with resourcefulness.
  • Additional responsibilities as requested by Product Leadership.

Requirements

  • Bachelor's Degree in Actuarial Science, Business Management, Economics, Finance, Mathematics, or another analytics related field.
  • 3+ years of relevant professional experience including previous working experience as a Product Analyst highly preferred.
  • Commercial Lines, General Liability, and/or Excess and Surplus experience highly preferred.
  • Proficient understanding of regulatory and compliance concepts, pricing techniques, and policy form review and development.
  • Proficient knowledge of product rates, rules, and forms.
  • Experience navigating ISO and other regulatory service organizations.
  • Strong problem solving, communication, and analytical skills.
  • Outstanding written/verbal communication, presentation, and organizational skills.
  • Highly organized, detail oriented, self-motivated, and be a self-starter in a fast-paced environment.
  • Excellent time management skills, with strong ability to juggle multiple priorities.
  • Proven ability to deliver quality results in a rigorous and dynamic business environment.
  • Proficient in MS Office, particularly in Excel (pivot tables, vlookup, formulas, queries) preferred.
  • SQL or other programming experience with databases preferred.

Benefits

  • Competitive compensation plan
  • Robust benefits package for full time regular employees
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