Competitive Analyst (Hybrid)

NYCM Insurance•Edmeston, NY

7d•$49,082 - $76,349•Hybrid

About The Position

The Competitive Analyst (Hybrid) will be responsible for planning, designing, programming, and the maintenance of competitive market analysis (CMA). In addition to collaborating with line of business (LOB) colleagues, as well as partners across the organization, to provide in-depth insight into the competitive market regarding pricing, product, financial, and strategy elements, and support cross-divisional objectives with tailored competitive insight and discoveries. Duties & Responsibilities: Research, develop, and program rating engines and tier algorithms across multiple carriers in programs such as SAS and Radar. Collaborate with team members and divisional partners in a data gathering capacity to retrieve, structure, and cleanse internal and external data for competitive analysis. Run, modify, and customize existing database queries and programs against multiple data sources with various applications including Business Objects, Crystal Reports, SAS, Radar, and CART building efficiencies when feasible. Conduct ad hoc data retrieval and analysis in support of LOB initiatives. Compile and present summarized findings from CMA as well as other analysis projects. Develop market surveillance by continuously researching, collecting, and analyzing industry trends and marketplace information through SNL, AM Best, and other industry publications. Profile key competitors including, but not limited to business strategies, services, technology, claim practices, and brand messaging. Deliver timely overviews on new insights, trends, considerations, and opportunities to formulate recommendations for LOB growth and profit initiatives such as rate changes. Work with vendors to develop and maintain competitive databases and information. Other duties as assigned. Build on presentation and analysis skills as well as business understanding through internal and external coursework. Continuously refine and strengthen technical capabilities.

Requirements

Bachelor’s degree with an emphasis in finance, mathematics, accounting, economics, statistics, or a related field.
1-year insurance or research-related field with an associate degree.
No experience with a bachelor’s degree.
Strong computer skills and knowledge of applications including the Microsoft Suite with attention to Excel.
Ability to create, manipulate and formulate spreadsheets and databases.
Ability to distill, structure, and draw insight from large amounts of data.
Excellent written and oral communication skills.
Ability to learn and retain new concepts, processes, and applications.
Ability to work in an open team environment.
Ability to multi-task in a fast-paced environment.
Good organization and priority setting skills.
Ability to effectively research, collect, and organize information to help with decision making.
Effective teamwork skills.

Responsibilities

Research, develop, and program rating engines and tier algorithms across multiple carriers in programs such as SAS and Radar.
Collaborate with team members and divisional partners in a data gathering capacity to retrieve, structure, and cleanse internal and external data for competitive analysis.
Run, modify, and customize existing database queries and programs against multiple data sources with various applications including Business Objects, Crystal Reports, SAS, Radar, and CART building efficiencies when feasible.
Conduct ad hoc data retrieval and analysis in support of LOB initiatives.
Compile and present summarized findings from CMA as well as other analysis projects.
Develop market surveillance by continuously researching, collecting, and analyzing industry trends and marketplace information through SNL, AM Best, and other industry publications.
Profile key competitors including, but not limited to business strategies, services, technology, claim practices, and brand messaging.
Deliver timely overviews on new insights, trends, considerations, and opportunities to formulate recommendations for LOB growth and profit initiatives such as rate changes.
Work with vendors to develop and maintain competitive databases and information.
Other duties as assigned.
Build on presentation and analysis skills as well as business understanding through internal and external coursework.
Continuously refine and strengthen technical capabilities.