Personal Lines Product Analyst
: Job Details :

Job Title: Personal Lines Product Analyst

Location: Bloomington, IL, US

Work Type: Hybrid (3 days in-office, 2 days remote)

Employment Type: Permanent

Salary Range: $65,000 – $85,000 per year

Additional Compensation: Eligible for a 5.5% bonus (not guaranteed, typically awarded in March)

Job Description

As a Personal Lines Product Analyst at Client, you will play a critical role in driving data-driven decisions and enhancing product insights for our Personal Lines Market Management team. Reporting to the Personal Lines Product Analytics Supervisor, you will leverage advanced analytics and competitive tools to support local markets, optimize product performance, and identify new opportunities to improve our business.

This position is based out of our corporate offices in Bloomington, IL, and follows a hybrid work schedule.

Key Responsibilities

Product Insights & Analytics:

• Drive the development of new products and manage enhancements to existing products.
• Analyze premium rates, loss experience, and retention to ensure profitability and growth.
• Monitor changes in the business mix for assigned states and identify underlying causes.

Market Strategy Development:

• Collaborate with marketing to craft profit and growth strategies for assigned states.
• Conduct competitive research on market positioning, rates, and service levels.

Implementation & Coordination:

• Work with IT to implement rate revisions, new products, and other initiatives.
• Build relationships with internal departments, including Accounting, Actuarial, Claims, and Customer Service.

Data & Forecasting:

• Use tools such as SQL, Power BI, or Python to analyze data and create forecasting models.
• Advance automation and reporting processes, incorporating machine learning to identify trends.

Qualifications

Non-Negotiable Requirements:

• A strong curiosity and passion for learning new concepts and tools.
• Proficiency with data tools such as SQL, Power BI, or Python.
• Excellent communication and organizational skills.

Preferred Qualifications:

• Knowledge of personal lines insurance or life insurance products.
• Experience with modeling, forecasting, or advanced analytics.

Why Join Us?

At Client, we empower nearly one million households with insurance products and retirement solutions. Our culture emphasizes collaboration, growth, and making a difference in our clients' lives and communities.

The Personal Lines Market Management team is at the forefront of data innovation, delivering advanced analytics and competitive insights that are transforming our decision-making processes. Upcoming projects include implementing machine learning to enhance trend identification.

Employee Benefits Include:

• Comprehensive insurance (medical, dental, vision, disability, life).
• 401(k) with company match.
• Paid time off, parental leave, and company holidays.
• Paid time for community volunteering.