Product Analyst - (US-OH-Richmond Heights - 44143)

Minimum Education: None
Jobcode: L:98797932
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This is an exciting opportunity on the Progressive Commercial Auto Segment Marketing Team to research ways to expand our current business auto product. Many business auto customers require coverages in addition to commercial auto, such as Commercial General Liability or a Businessowners Policy. Research will be required to determine how to implement a business package solution. DUTIES AND RESPONSIBILITIES: Product/State Performance Produces and interprets standard reports for division use. Monitors business performance in states including but not limited to, prospect growth, conversion ratios, earned premium growth, underwriting profitability, retention, etc. Analyzes past trends that can be predictive of future business performance Uses querying tools and other research methods to gather data Creates reports that track state results and highlight areas of opportunity Researches competitor information and analyzes the impact on our business Researches changes in the regulatory environment of the state(s) Formulates conclusions from analyses and independently makes recommendations. Recommends effective solutions to problems. Possesses the ability to independently perform ad hoc analyses. Rate Revision Analysis Participates in rate revision meetings Analyzes compliance with state insurance regulations Completes factor analysis and reviews recommendation with Product Manager Monitors rate revision results post elevation (including but not limited to competitive and uncompetitive segments, comparing losses with current pricing) Commercial Auto specific: Contributes to production of Marketing and other rate revision related documents Project Work Participates in divisional/regional or company wide projects. Training Finds ways to educate oneself on upgrades or changes to current systems, procedures and regulations. Learns new methods to improve processes and efficiency. KNOWLEDGE, SKILLS AND EXPERIENCE: Bachelor's degree with an emphasis in Finance, Mathematics, Accounting, Economics, or Statistics or equivalent. At least five years business experience. At least one year of solid performance at Product Analyst I level. Generally will possess at least two years of property casualty insurance experience and/or at least two years of related professional experience. Solid grasp and knowledge of mathematics, statistics, probability and principles of finance to apply to property casualty business problems for area of responsibility. Demonstrated problem solving skills. Possesses a solid understanding of our business, systems and processes. Ability to manage multiple tasks and work independently. Solid knowledge of mainframe reporting packages and relevant knowledge of company systems. Proficiency in use of MBI, Crystal, or other reporting tools. Intermediate SAS and SQL programming skills preferred - may include the ability to create basic programs. Intermediate skills in Excel including the ability to create, manipulate and formulate spreadsheets. Knowledge of spreadsheet functionality including v-look-up, pivot tables, charts and graphing. Intermediate MS office skills. Excellent communication skills, both verbal and written. Experience with new product development and segment marketing is also desirable. If you are interested in this position, please visit www.jobs.progressive.com , and do a keyword search for "Product Analyst."  Please apply to the position of interest.  Thank you for your interest in employment with Progressive!