Insurance Product Management Analyst - Hybrid

New Jersey Manufacturers • Trenton, NJ

2d • Hybrid

About The Position

New Jersey Manufacturers Insurance Company (NJM) was founded in 1913, operating as a mutual company focused on policyholder needs. Today, NJM Insurance Group is a leading mid-sized U.S. property and casualty insurance company with 90 consecutive years of A+ financial strength ratings by AM BEST. NJM has been recognized on Forbes List of Best Employers in New Jersey for four consecutive years and for outstanding customer service by J.D. Power. The company has expanded its strategic focus to become a regional property & casualty insurer, transitioning from an affinity-based membership model to include an independent agency model and doubling its product offerings across New Jersey, Pennsylvania, New York, Maryland, Delaware, and Connecticut. The Insurance Product Management Analyst (officially Business Insights Analyst, Associate at NJM) applies data source understanding and business process knowledge to provide management with research, analysis, and insights for department strategies and goals. This role involves running queries, performing basic analysis, and creating presentations, dashboards, and visualizations to support strategic decision-making. The Business Insights Analyst, Associate is expected to be a motivated, creative thinker capable of interpreting and communicating the 'why' behind data and its business application. This is a Hybrid Role, requiring 3 days in the West Trenton office and offering the opportunity to work from home 2 days per week.

Requirements

• BS from a 4-year accredited college/university in related field (Statistics, Mathematics, Business Intelligence, Finance etc.) or equivalent experience.
• Basic analytical aptitude with the ability to turn raw data into presentations containing insights and visualizations that are critical in making strategic business decisions.
• Technical knowledge with the ability to balance multiple priorities in a fast-paced work environment.
• Ability to read and understand data models
• Strong verbal and written communication skills
• 1+ years writing queries (T-SQL)
• 1+ years using business intelligence tools (Power BI, SSRS, SAS, Excel)

Responsibilities

• Assist in the development of intelligent insights from analysis of both quantitative and qualitative data, testing basic hypotheses, running exploratory analysis and identifying trends in support of business strategies and goals.
• Assists in translating results/findings into clear and concise presentations for management and develop plans for corrective action.
• Assist in the development and enhancement of department KPI dashboards, analytics and reports to monitor performance to create a comprehensive view of the business.
• Assist in collaborating with cross-functional business teams and Data Engineers to fully understand the meaning, business rules and structure of required data and ensure alignment and consistency of data to support the end-to-end journey.
• Partner with the department Business Process Unit to identify, plan and prioritize source system improvements that facilitate data analytics.
• Assist in expanding understanding/knowledge of business processes and competitive environments.
• Scan the market to understand key trends impacting markets, customers, products, services and operational processes.
• Assist in complying with Data Governance standards and guidelines for data definition, quality, accuracy, completeness, availability and security to encourage data integrity and conformance.

Benefits

• a 401(k) with employer match up to 8% and additional service-based contributions
• Health insurance
• Dental insurance
• Vision insurance
• Life and Disability coverage
• generous PTO
• Paid Sick Leave
• paid parental leave in addition to state-mandated leave
• discretionary bonuses

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 501-1,000 employees