Product Analyst

Munich Re • Batavia Township, OH

11d • Hybrid

About The Position

The Product Analyst supports a Line of Business pod by providing analytical and operational expertise for rate, form, rule, and regulatory-driven initiatives. The role informs product strategy through internal performance analysis and external market insights. At higher levels, Product Analysts lead competitive and market intelligence efforts that help guide pricing, coverage design, product positioning, profitability, and growth.

The position contributes to product reviews and development, pricing and modeling, performance analysis, market intelligence, quality assurance, and regulatory compliance. It works with stakeholders including Predictive Modeling, Actuarial, Finance, and Underwriting, and prepares analysis, filing documentation, product forms, marketing materials, dashboards, and reports.

The position is offered in a hybrid work environment. The company provides insurance, retirement, time-off, wellness, educational, family-care, and other employee benefits.

Requirements

• Bachelor’s degree in Business, Accounting, Finance, or a similar field.
• Strong command of Excel, including macros, MS Office Suite applications, and computer systems.
• Knowledge of data gathering and manipulation techniques and tools such as Access and SQL.
• Strong analytical abilities, including mathematics and statistical concepts.
• Experience using RADAR/Earnix for impact, rate structure, quality, and market analysis.
• Product Analyst I: Emerging understanding of generalized insurance products; deep understanding of MS Excel and Radar and/or Earnix; ability to run complex analyses on large data sets using pivot tables.
• Product Analyst II: Product Analyst I skills and capabilities, plus 2–6 years of insurance product-related experience; significant understanding of AMIG and/or competitor products and general insurance products; ability to lead the full life cycle of simple to complex product changes with little supervision.
• Senior Product Analyst: Product Analyst I skills and capabilities, plus 7 or more years of insurance product-related experience; deep understanding of AMIG and/or competitor products, with significant experience in a specific product class; ability to lead the full life cycle of complex product changes without supervision.

Nice To Haves

• MBA or similar advanced degree.
• CPCU designation.
• FCAS designation.

Responsibilities

• Price and execute limited, full, complex, form, and rule product reviews, including developing filings, rules, algorithms, and supporting exhibits.
• Partner with Predictive Modeling to determine support for and selection of new pricing models.
• Apply actuarial concepts, business intent, and proposal materials to evaluate and recommend rating structures.
• Develop and maintain countrywide filing support documentation for new models and product changes.
• Create product forms using proposed language and complete marketing materials for approved revisions.
• Analyze product performance across rate, retention, and loss ratio metrics to identify improvement opportunities.
• Collaborate with Actuarial, Finance, and Underwriting to support performance tracking and product optimization.
• Produce dashboards and reporting tools to support decision-making by the LOB Lead and Product Manager.
• Research state-specific and national competitors’ pricing strategies, coverage offerings, form design, and market positioning.
• Identify and track emerging underwriting trends, rate actions, and market shifts to inform product strategy.
• Provide strategic recommendations based on market intelligence and competitive benchmarks; higher-level analysts lead this function and guide related tactical decisions.
• Manage and align product and underwriting rule changes across stakeholders before 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 health insurance plan options: PPO or High Deductible.
• Supplemental life and AD&D plans available for employees and dependents.
• Voluntary accident, critical illness, and hospital indemnity plans.
• Prescription drug coverage included in the health insurance plan.
• Short- and long-term disability coverage.
• Vision and dental insurance plans.
• 401(k) plan with up to a 5% employer match.
• Retirement savings plan funded 100% by the company.
• Paid time off starting at 24 days each year, with additional days for milestone service anniversaries.
• Eligibility for a yearly bonus as a Munich Re employee.
• Health and wellness programs provided at no cost.
• Hybrid work environment with a choice in where and how work is done.
• Corporately subsidized on-site cafeteria and coffee shop.
• Complimentary on-site workout facility and campus walking trails.
• On-site wellness center with a 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.
• Corporate matching gifts program for charitable donations.
• Paid time off to volunteer in the community.

What This Job Offers

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