Note: The job is a remote job and is open to candidates in USA. Farmers Insurance is a company dedicated to making a real difference in people’s lives. They are looking for a Senior Product Analyst to provide analysis that supports profit, loss, and growth for assigned markets or products, focusing on pricing, segmentation, and complex analytics to develop market or product strategy.
Responsibilities
- Provides analytical support that informs product, pricing, rule, and underwriting recommendations. Partners with Product Managers and Associate Product Managers to evaluate performance drivers and assess opportunities for profitable growth
- Build analytical tools, summaries, and visuals to support decision making; influences outcomes through data driven recommendations
- Demonstrates an understanding of marketplace insights, competitive intelligence, and regulatory issues to inform the management and design of products
- Understand the pricing and underwriting of competitor products in support of analyzing the performance of the business relative to the market and industry
- Demonstrates expertise in pulling and analyzing data, building analytical tools, and creating summarized views and visualizations to inform conclusions. Triangulates insights across multiple data sources to recommend solutions to unstructured problems with direction and guidance
- Utilizes information to develop and communicate recommendations for product, rule, rate or underwriting changes which directly drives profit and growth of the business
- Self-motivated with a proven ability to identify barriers to profitability and growth
- Presents, informs and influences recommendations to leaders and business partners regarding proposed product and pricing changes or new products
- Supports state‑level rate filings and regulatory interactions by preparing analysis, documentation, and insights
Skills
- High School Diploma or equivalent High school diploma or equivalent required
- Demonstrates strong product knowledge
- Understands principles of P&C pricing and underwriting
- Understands key indicators of product health
- Understands how to review and assess competitor product positioning and go to market strategies
- Excellent interpretation of complex statistical data
- Demonstrated analytical skills
- Demonstrated ability to communicate nuanced concepts in a straightforward way
- Possesses strong technical aptitude
- Experience in Excel required
- Effective interpersonal skills: has the ability to work in teams, embraces collaboration and networking
- Demonstrated strategic thinking and business acumen
- Self-motivated with a proven ability to identify barriers to profitability and growth
- Presents, informs and influences recommendations to leaders and business partners regarding proposed product and pricing changes or new products
- Supports state‑level rate filings and regulatory interactions by preparing analysis, documentation, and insights
- Bachelor's degree in business or related fields such as mathematics, physics, engineering, economics, finance, statistics, accounting, or actuarial science
- Minimum 3 years of experience in US property & casualty (P&C) in a pricing or actuarial role; or related experience
- Experience interacting with Departments of Insurance, agents, and distribution/sales
- Proficiency in programming languages and tools, such as Python, R, and SQL
Benefits
- Bonus Opportunity (based on Company and Individual Performance)
- 401(k)
- Medical
- Dental
- Vision
- Health Savings and Flexible Spending Accounts
- Life Insurance
- Paid Time Off
- Paid Parental Leave
- Tuition Assistance
Company Overview