Sr. Product Analyst

Munich Re•Batavia Township, OH

3d•Hybrid

About The Position

The Sr. Product Analyst supports a Line of Business pod by providing analytical and operational expertise across rate, form, rule, and regulatory-driven initiatives. The role informs product strategy through internal performance analysis and external market insights. At higher levels, the Product Analyst leads competitive and market intelligence efforts to help guide pricing, coverage design, and product positioning in support of profitability and growth. The position works across pricing, modeling, product development, performance analysis, market intelligence, and compliance. It includes developing and supporting product filings and changes, analyzing product performance, preparing decision-support reporting, researching competitors and market trends, and coordinating product and underwriting rule changes.

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.
Use of RADAR/Earnix for impact, rate structure, quality, and market analysis.
For Product Analyst I: emerging understanding of generalized insurance products; deep understanding of MS Excel and Radar and/or Earnix; and ability to run complex analyses on large data sets using pivot tables.

Nice To Haves

MBA or similar advanced degree.
CPCU and/or FCAS designation.
For Product Analyst II: 2–6 years of insurance product-related experience.
For Product Analyst II: significant understanding of AMIG’s and/or competitor products, providing a general understanding of broad insurance products.
For Product Analyst II: ability to lead the full life cycle of simple to complex product changes with little supervision.

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.
Conduct state-specific and national competitor research on pricing strategies, coverage offerings, form design, and market positioning.
Identify and track emerging trends in underwriting, rate actions, and market shifts to inform product strategy.
Provide strategic recommendations based on market intelligence and competitive benchmarks; higher-level analysts lead this work and guide related tactical decisions.
Manage and align product and underwriting rule 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

Health insurance with a choice of PPO or High Deductible plans.
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.
401(k) plan with up to a 5% employer match.
Retirement savings plan funded 100% by the company.
Paid time off beginning at 24 days per 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.
Paid time off to volunteer in the community.