Product Analyst II
Company: Plymouth Rock Management Company of New Jersey
Location: Red Bank, NJ
Posted on: May 23, 2018
Job Description:
Plymouth Rock Management Company of New Jersey Title: Product Analyst II (Red Bank, NJ) Description: Duties: Working under the direction of Product Manager, will
contribute to the development of the company’s product features, pricing
and competitive position. Will analyze business issues and
provide recommendations for the implementation of new rating plans,
underwriting rules, process improvements, and other initiatives to support
profitable growth and improve competitive position. Specifically: • Understands predictive modeling and other quantitative
concepts and serves as a resource to other Product Analysts in
interpreting these concepts for business application. • Develops and presents a comprehensive review of the
products he/she is responsible for. • Examines the impact of changes in state regulatory
environment on the product and business processes and proposes necessary
changes. • Designs, reviews, and analyzes monthly and quarterly
reports used to manage the company’s financial and operational
performance, as well as ad hoc analyses as needed. • Analyzes competitive data, identifies trends and
opportunities. Recommends areas for enhancement to products to improve
competitive position. • Plays a key role in User Acceptance Testing, product verification and product implementation. • Assist with annual loss and premium budgets. • Effectively uses available tools and data systems to
identify, test and solve strategic business issues within the company data/reports, troubleshoots when there are inconsistencies and
presents findings to management. • Collaborates with the Actuarial team and other functional
areas such as Customer Service, Marketing, Claims, Finance,
Information Systems, and Senior Management to assess the potential effects
of product changes and incorporates these considerations into recommendations. • Constructively challenges current processes and proposed solutions to obtain the best outcome. Education and Experience: Master’s degree in Statistics, Mathematics, Finance, Actuarial
Science or a related quantitative field (or foreign educational
equivalent) and two (2) years of experience performing risk management. Special Requirements: Also requires demonstrated expertise (DE): utilizing SQL to
develop reusable scripts and stored procedures with relational
databases; DE utilizing SAS, Excel, including VBA, or comparable statistical
tools to perform advanced statistical analyses; DE using Tableau to
create visualization and present data in a manner that is functional to
upper management; and DE performing statistical analyses on historical
loss cost to forecast future loss cost and assess expected close
rate. Requires ASA or ACAS designation. To apply please email resume clearly referencing Job Code #
JO-1805-1642 to recruit@plymouthrock.com
Keywords: Plymouth Rock Management Company of New Jersey, Hackensack , Product Analyst II, Insurance , Red Bank, NJ, New Jersey