Commercial Lines Product Analyst (Hybrid - Webster or Boston)

MAPFRE • Webster, MA

5d • Hybrid

About The Position

The Commercial Lines Product Analyst plays a key role in supporting the development, enhancement, and ongoing management of Property & Casualty insurance products, with shared accountability for growth and profitability. In this role, you will analyze market demographics, competitive trends, and regulatory requirements to develop data‑driven recommendations for product design, pricing, and enhancements.

The Commercial Lines Product Analyst leads cross‑functional initiatives, translates business needs into clear requirements, and partners closely with stakeholders across the organization to deliver compliant, competitive, and profitable insurance solutions.

Requirements

• Bachelor’s degree or professional‑level knowledge in a specialized field, or equivalent related experience.
• 2–4 years of relevant experience, or an associate’s degree with 4–6 years of equivalent experience.
• Commercial Lines experience is preferred, with emphasis on Property, General Liability, BOP, and Commercial Auto coverage.
• Basic project management skills.
• Strong qualitative analysis and critical thinking skills.
• Intermediate proficiency in Microsoft Excel, Word, and PowerPoint.

Nice To Haves

• Working knowledge of Snowflake and/or other data analysis tools preferred.

Responsibilities

• Analyze and effectively communicate market changes, industry trends, competitive dynamics, and other critical insights that impact product performance and operations.
• Partner with insurance vendors and underwriting service providers supporting new product launches and ongoing product maintenance, including reviewing contracts, assessing vendor performance and efficiency, and quantifying recommendations.
• Collaborate with Legal and State teams to update policy language or develop new forms to ensure compliance with regulatory requirements and alignment with strategic objectives.
• Build comprehensive, well‑documented business requirements for the IT department and partner closely with IT to ensure accurate and timely implementation of product changes.
• Collaborate with state teams representing national products on countrywide projects and strategic initiatives.
• Develop clear, comprehensive, and well‑written proposals for review by senior leadership, including presenting recommendations and findings to key stakeholders.
• Leverage advanced Excel capabilities to build pivot tables, create cross-tabulations, apply formulas, analyze and manipulate data, and develop charts and visualizations that clearly summarize analyses.
• Demonstrate strong attention to detail while effectively managing multiple tasks and priorities in a fast-paced environment with limited supervision.
• Utilize advanced Excel skills to summarize, analyze, and visualize data in support of product recommendations.
• Apply end‑to-end knowledge of insurance operations, understanding how all aspects of the business work together.
• Proactively communicate market developments, upcoming products, and industry trends to impacted departments across the organization.
• Conduct market and regulatory research using tools such as rate and form circulars issued by rating bureaus.

Benefits

• Comprehensive Benefits: Enjoy competitive health coverage, retirement plans, paid time off, flexible work options, and lifestyle perks like employee discounts.
• Career Growth: Advance your skills through tuition reimbursement, leadership programs, and internal mobility opportunities. Your development is our priority.
• Social Responsibility: Contribute to meaningful initiatives through Fundación Mapfre, supporting communities and sustainability worldwide.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level