Research key business data using statistical analysis and data mining to understand historical patterns that can be utilized to improve business performance.
Develops the programming of scalable and flexible data reporting and analysis solutions to fulfill the needs of the team.
Monitors product performance/results in coordination with actuarial, loss analytic and performance analytics.
Develops, recommends/communicates, and executes on product strategies to improve profitability and market share of programs.
Monitor the marketplace for emerging opportunities and identify competitor and industrial changes impacting the effectiveness of the current product offers and pricing position.
Work with business stakeholders to provide technical, analytical and strategic leadership, controlling aspects of the development of project deliverables including cross-functional program management, data gathering and manipulation, analysis and modelling, and communication of insights and recommendations.
Provides data mining, pattern and root cause analyses to understand areas of untapped opportunity. Find areas of weakness and opportunity based on book performance. Formulates an analytic data-driven approach to address business questions around product, pricing, processes and/or underwriting rules to take advantage of opportunities and strengthen weaknesses.
Works with actuaries in developing and filing class, rate and / or form filings.
Provide, create, and develop automated technical solutions to complex manually intensive processes via Microsoft tools.
Provide guidance, collaboration, and execution of advanced data analysis and product development. Enhance/maintain departmental data/databases.
Participate in testing and QA work of various inputs to and outputs from the data warehouse and Business Intelligence application(s).
Monitor regulatory environment to ensure product compliance.
Requirements
2-5 years as a product manager performing roles and responsibilities listed above
Advanced/solid understanding of personal insurance business. This includes understanding of products, coverage’s, claim, underwriting, distribution channels, and business/sale centers.
Leadership, innovation and initiating skills.
Critical thinking, problem solving and data analysis skills
Must have excellent interpersonal, written and oral communication skills
Must be team oriented and have excellent collaboration skills
Advanced proficiency with MS Word, MS Excel, MS PowerPoint, MS Access and SQL
Experience in Property Casualty insurance
Experience in business process and/or data analysis and data profiling;
Ability to set priorities and perform multiple tasks;
Ability to solve practical problems; deal with concrete variables in situations; and to interpret a variety of instructions furnished in written, oral, diagram, or schedule form;