Associate Product Analyst

Markel • Milwaukee, WI

1d

About The Position

If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs. Join us and play your part in something special! The position supports the Product Management department within Markel Personal Lines. This person will work closely with the Product Management staff to develop appropriate pricing and product strategies of low to moderate complexity to support business goals. This position is intended as an introduction to product management and will provide for ample training opportunities related to managing top and bottom line financials. This is a great opportunity that is flexible with the level of experience an individual has. This person could be looking for an entry level position into the insurance industry, like a recent or upcoming college graduate, or an individual that has relevant work experience.

Requirements

• Bachelor’s degree required – preferably in related field of study such as risk management, actuarial science, math/applied math, statistics/applied statistics, economics, finance
• Standard knowledge in the use of data sources and applications to conduct research preferred
• Problem solving skills to be able to analyze data and review analysis from others and identify and resolve basic data issues
• Computer proficiency in Microsoft Office: Intermediate – Excel, Intermediate – Word, Beginner – Outlook, Basic – PowerPoint
• US Work Authorization
• US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Responsibilities

• Provides support to the Product Managers in their management of profitability and loss related to associated lines of business
• Performs qualitative and quantitative analysis of data to support development of rating plans, pricing and product development
• Performs basic to moderately complex analysis of rating plans and product pricing
• Performs competitive analysis to include rates/forms/underwriting guideline analysis as well as macro-economic research (retail sales, consumer confidence, etc.)
• Performs and evaluates basic trend analysis (e.g., competitor analysis, risk management, financial)
• Creates, reviews and makes observations of operational and financial metrics
• Actively participates in business review meetings within the department
• With minimal direction plans, implements, manages, and/or contributes on projects that are up to moderate complexity and are small-to moderate scale using accepted project management standards
• Tracks own plan performance and project timeline and communicates and presents project status
• Ensures project controls are in place throughout the lifecycle of the project within own tasks
• Solicits inputs from stakeholders
• Participates in the evaluation of procedures and processes regularly and makes observations or suggests improvements
• Contributes to market share growth and profitability by recommending changes to products, pricing, risk management

Benefits

• We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.
• All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.
• We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 101-250 employees