Product Analyst II

Munich Re Careers•Batavia Township, OH

3d•Hybrid

About The Position

The Product Analyst supports the AVP of Product Enablement by delivering analytical and operational expertise within Enablement initiatives. This role informs product strategy for rating via rating software. At higher levels, Product Analysts lead competitive and market intelligence efforts, helping guide pricing, coverage design, and product positioning to support profitability and growth. Supervisory oversight of external consultant may be necessary.

Requirements

Strong command of Excel (including macros), MS Office Suite applications, and computer systems.
Knowledge of data gathering and manipulation techniques and tools such as Python, SQL.
Strong analytical abilities including mathematics and statistical concepts.
Use Rating Tools for impact, rate structure, quality and market analysis.
Bachelor's degree - Business, Accounting, Finance or similar field
Applicants requiring employer sponsorship of a visa will not be considered for this position.

Nice To Haves

MBA or similar advanced degree, CPCU and/or FCAS

Responsibilities

Prepare rating engine for limited, full, complex, product reviews, including development of filings, rules, algorithms, and supporting exhibits
Partner with Predictive Modeling, Actuary, Operations and Product Management to determine support and selection for new pricing models
Apply actuarial concepts, business intent, and proposal materials to evaluate and recommend rating structures
Develop and maintain countrywide filing support templates for new models and product changes
Prepare templates for analysis of product performance across rate, retention, and loss ratio metrics to identify improvement opportunities
Produce dashboards and reporting tools to support decision-making by the LOB Lead and Product Manager
Manage and align rate structure changes across stakeholders prior to release
Conduct peer reviews to uphold analytical accuracy and documentation quality
Support audit functions, including data validation and compliance review activities
Follow PDLC processes and support continuous improvement in workflows and product operations

Benefits

Two options for your health insurance plan (PPO or High Deductible)
Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children)
Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)
Prescription drug coverage (included in your health insurance plan)
Short and Long Term Disability coverage
Vision and dental insurance plans
A robust 401k plan with up to a 5% employer match
A retirement savings plan that is 100% company funded
Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
Eligibility to receive a yearly bonus as a Munich Re employee
A variety of health and wellness programs provided at no cost
A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop
An on-site complimentary workout facility as well as walking trails on campus grounds
On-site wellness center complete with nurse practitioner
Financial assistance for adoptions and infertility treatment
Paid time off for eligible family care needs
Tuition assistance and educational achievement bonuses
Free parking
A corporate matching gifts program that further enhances your charitable donation
Paid time off to volunteer in your community