Product Development Analyst

Job Description

Who We Are:

At PEMCO we're all about people - our customers, our employees, and the community. We're a mutual insurance company owned by our Northwest policyholders. We provide auto, home, renters, and boat coverage. Recently, Forbes named PEMCO as one of America's Best Insurance Companies 2022 and ranked PEMCO as the #1 auto insurer in the nation based on customer survey feedback. We are consistently recognized for our outstanding customer service, employee expertise, diverse community partnership and engagement, and social impact as well.

Our social impact programs motivate high achievement by youth in education; build stronger and greener communities; and increase safety at home, on the road, and at play. We're committed to diversity, equity, inclusion, and belonging, and to fostering an inspiring and inclusive workplace. These efforts create and cultivate an environment that builds fairness and understanding, encourages collaboration and flexibility, and celebrates all the ways in which we're different and the same - enabling all individuals to achieve their full potential.

Why We Need You:

PEMCO has a dynamic and challenging opportunity for a Product Development Analyst to join our community. In this role, you will be responsible for conducting actuarial and predictive analysis to support product development, rating, process improvements and system changes for PEMCO. If you want to be empowered to make a difference in the lives of customers, coworkers, and the community, we'd love to chat with you about this role.

What You'll Be Doing:

• Provide analytical support for actuarial and product development.
• Conduct predictive modeling and multivariate analysis.
• Proactively investigate and assess issues and trends in actuarial science, providing insight and recommendations to Product Team.
• Participate with product managers and actuaries in making pricing decisions.
• Collaborate with Product Team and other business units to provide business solutions.
• Assist with developing and implementing rates, rating plans, pricing strategies, and financial forecasts.
• Demonstrate behaviors consistent with PEMCO's policies, values, code of ethics, and business conduct.
• Authentically support the PEMCO Brand and constantly look for top talent to join us to achieve our Mission to Worry Less and Live More.
• Other duties as assigned.

What You'll Bring:

• B.A. or B.S. degree or equivalent work experience (Actuarial Science, Mathematics, Statistics, or related field) is required
• 3+ years of experience in actuarial & statistical predictive modeling in a property/casualty insurance company
• Understanding and knowledge of various modeling methods
• Strong verbal and written communication skills when preparing reports and giving presentations
• Excellent analytical and problem-solving skills
• Precision: detail orientated and has a strong desire for accuracy and thoroughness is required
• Programming: proficiency in programming languages is required (SQL, R or Python)
• Modeling: proficiency in modeling software suites is required (Radar and Emblem preferred)
• MS Office: Skilled proficiency in MS Office is required
• Highly Analytical: Is passionate about working with disparate datasets bringing data together to answer business questions. Collaborates to create, manage, and translate data to meaningful insights. Can work with external vendors to integrate data for analysis; knows how to build efficient and scalable infrastructure and data models is required
• Compliance: Possesses knowledge and understanding of relevant laws, rules, and regulations
• Business Environment: Has a thorough understanding of our industry, the relevant business landscape, and trends in growth and insurance environments; can spot early indicators of change and apply strategies to adapt quickly

What We Value:

PEMCO has identified the below competencies as critical for employees and the future of our business. The competencies are intended to define skills or abilities expected of our employees, behaviors which employees can develop, and be evaluated against in their job. Proficiency levels include Beginner, Skilled, Advanced, and Mastery. Not every employee is expected to master every competency. Instead, we expect that employees will build skills in these areas as they progress through their roles and career at PEMCO.

• Agility: Handles risk and uncertainty, shifts gears with ease and speed, copes with and manages change well
• Growth Mindset: Develops abilities through dedication and hard work, views challenges and failures as opportunities to learn and improve skills
• Service Passion: Provides excellent service to others and seeks ways to improve that service; ensures the customer experience (internal and external) is a key consideration in policies, procedures, and decision-making
• Complex Problem Solving: Solves ill-defined, ambiguous problems in complex settings using logic, process, and experience

We've Got You Covered:

• Competitive salary
• 200% match on your 401(k) up to 6% of your pay
• Generous medical, dental, disability, and life insurance plans
• A commitment to community through social impact and diversity, equity, inclusion, and belonging programs
• A work environment built on integrity, where customer service is top priority and being friendly, inspiring, and good-humored is how we get things done

Work Location:

This position has a flexible work location It can be hybrid out of the Greater Seattle and Spokane areas, or remote from Washington, Oregon, Idaho, Ohio, South Carolina, Florida, or Texas.

Equal Employment Opportunity

At PEMCO, we celebrate and support our differences. We know employing a team rich in diverse thoughts, experiences, and opinions allows our employees, our products and our community to flourish. PEMCO is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race, color, ancestry, religion, sex, national orientation, age, citizenship, marital status, disability, gender identity, sexual orientation, or veteran status.