Product Analyst II (Hybrid)

Grange Insurance · Columbus, OH

Company

Grange Insurance

Location

Columbus, OH

Type

Full Time

Job Description

Summary: This position is responsible for supporting the product lines assigned to achieve the profit and growth goals per annual and long-term plan.

What You'll Be Doing:

  1. Work with personal lines business partners, Business Intelligence, and other areas within Grange to track, monitor, measure (through metrics), analyze, provide insights, and make recommendations to support the effectiveness and success of business initiatives, programs, projects, and business operations.
  2. Participate in corporate and personal lines business initiatives. Identify, evaluate, recommend, and communicate business insights and analysis necessary to achieve objectives that will ensure efficiency and effectiveness.
  3. Own and maintain rate revision and filing initiatives with a focus on business goals, profitability, and growth:

    1. Coordinate the rate review process, working with pricing and the state product managers to provide analysis during the rate review process and to prepare the rate proposals.
    2. Implement product/price changes providing details of all aspects of the change to the business analyst. Make necessary form changes and be the product expert and go to person for other departments as they work on the product change. File changes with the department of insurance and follow-up with the filing until it is approved.
    3. Maintain and revise Personal lines product manuals and be responsible for their content. Revise manuals to support product changes and rate revisions.
    4. Complete and submit product filings, as required, with each Department of Insurance to support changes.
    5. Coordinate, implement, and communicate all product/pricing changes for a line of business with impacted departments, groups, associates and agents. Includes internal and external communication and training, as necessary.
  4. Support product management with competitive insights and analysis:

    1. Research competitors rating plans and filings, comparing our rates to those of our competitors, providing insights from findings, and recommending changes as needed.
    2. Demonstrate a high level of knowledge and understanding of our products and their relationship to those of our competitors.
    3. Track and monitor PL product metrics and trends pertaining to competitors and the market. Participate in the analysis and development of product management recommendations.
  5. Work with PL Management on various business areas to address data and analytical needs:

    1. Identify and recommend improvements and efficiencies within our data and analysis.
    2. Investigate new data sources, applications, tools, and technologies.
    3. Work with business partners (Emerging Tech, Data Science, Research and Development, Operational Excellence) to implement improvements and/or tools & technologies.

What You'll Bring To The Company:

Bachelor's degree preferred; a concentration in Risk Management, Mathematics, Statistics, Actuarial Science, or Economics is preferred. Two years of experience in a highly analytical role preferred. Outstanding problem solving, critical thinking, and analytical skills are a necessity. Excellent communication skills both verbal and written required. Demonstrated proficiency with Microsoft Office products (Outlook, Excel, PowerPoint, Word) including advanced proficiency with MS Excel required. Familiarity and exposure with statistical, programming, and database management systems and applications, such as SAS, Python, R, and SQL-based tools preferred. Could also be considered for Analyst I or Analyst III based on relevant experience.

About Us:

Grange Insurance Company, with $3.1 billion in assets and more than $1 billion in annual revenue, is an insurance provider founded in 1935 and based in Columbus, Ohio. Through its network of independent agents, Grange offers auto, home, life and business insurance protection. Life insurance offered by Grange Life Insurance and Kansas City Life Insurance. Grange Insurance Company and its affiliates serve policyholders in Georgia, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and Wisconsin- the 13-state Grange Enterprise holds an A.M. Best rating of "A" (Excellent).

Who We Are:

We are committed to an inclusive work environment where we welcome and value diversity and inclusion. We hire great talent from a wide variety of backgrounds, and our associates are our biggest strength. The diversity of our associates, their backgrounds, experiences, and individual differences are the foundation for our success. Our inclusive culture empowers all of us to "Be One Team", "Deliver Excellence", "Communicate Openly", "Do the Right Thing", and "Solve Creatively for Tomorrow". We have active Associate Resource Groups and a Diversity and Inclusion Team, that focuses on professional development, networking, business value and community outreach; all which encourage and facilitate an environment that fosters learning, innovation, and growth. Together we use our individual experiences to learn from one another and grow as professionals and as humans.

We welcome the unique contributions that you bring from education, opinions, culture, beliefs, race, color, religion, age, sex, national origin, handicap, disability, sexual orientation, gender stereotyping, gender identity or expression, genetic information, ancestry, pregnancy, veteran status, and citizenship.

Grange Enterprise is proud to be part of the CEO Action for Diversity and Inclusion™, a national initiative of more than 1400 CEOs working for the advancement of diversity and inclusion within the workplace.

Date Posted

08/19/2023

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