Small Business State Product Management Analyst

Westfield Specialty Insurance is hiring a Small Business State Product Management Analyst to support growth and profitability across assigned states or insurance product lines. The role analyzes business and market trends, develops data-driven product and pricing recommendations, and collaborates with underwriting, sales, actuarial, and other teams to meet performance, compliance, and customer satisfaction goals.

Responsibilities:

• Independently conduct and understand data analysis of business results to assess profitability and growth opportunities and identify root cause
• Formulate and execute potential recommendations to drive desired growth & profitability impacts based on established strategy with consideration for local regulatory nuances, and broader marketplace dynamics
• Present, inform and influence product and pricing recommendations to business partners including underwriting and sales
• Collaborate with Actuarial, Underwriting, and Sales during rate review process to align rate and pricing with Countrywide and local market profit and growth strategies
• May function as a subject matter expert in strategic initiatives to support the goals and objectives of the broader organization
• Develops top and bottom-line forecasts and rigorously analyzes and evaluates product performance metrics against those plans to identify divergence from expectations. Recommends actions based on actual results and builds contingency plans
• Monitor effectiveness of business initiatives and strategies, impacts to rate and pricing changes, book mix changes, and any outliers in trends; then provide recommendations on potential course of actions
• Demonstrates excellent problem-solving abilities, in a practical way, to balance between addressing root cause and introducing changes in fast order
• Acquires market and competitive intelligence and develops knowledge of emerging trends to effectively compete in a rapidly changing environment and shares knowledge with the organization
• Develops a deep understanding of the regulatory and statutory environments for assigned states and/or lines of business. Ensures product decisions and processes are in alignment with company policies and meet all legal and regulatory requirements

Requirements:

• 3-5 years of experience in Product Research, Insurance industry or a related field
• Bachelor's degree in market research, statistics, data science, business, or a related field and/or commensurate work experience