Welcome to State Farm, where we value our employees and strive to create a positive and fulfilling work environment. We are currently seeking a talented Commercial Auto Product Analyst to join our team. In this role, you will play a crucial part in the development and maintenance of our commercial auto insurance products. We are looking for a detail-oriented and analytical individual who is passionate about the insurance industry. If you have a strong understanding of product management and pricing, as well as exceptional communication skills, we encourage you to apply for this exciting opportunity. Grow your career with us at State Farm and make a difference in protecting our customers' businesses.
- Develop and maintain commercial auto insurance products in alignment with company objectives and market demands.
- Conduct market research and analyze data to identify trends and inform product development decisions.
- Collaborate with cross-functional teams including underwriters, actuaries, and marketing to drive product innovation and improvement.
- Monitor and evaluate product performance, identify areas for improvement, and make recommendations for product enhancements.
- Ensure compliance with state regulations and industry standards in all product development and management processes.
- Communicate product updates and changes to internal stakeholders and external partners.
- Participate in product training and provide support to sales and customer service teams.
- Contribute to the development of pricing strategies for commercial auto products.
- Stay informed on industry trends, competitor products, and market developments to inform product strategy.
- Maintain accurate and up-to-date product documentation and records.
- Collaborate with IT teams to ensure efficient implementation and maintenance of product changes.
- Support the development of business cases and financial analyses for new product initiatives.
- Uphold company values and foster a positive and inclusive work environment.
- Continuously seek out opportunities for personal and professional growth within the company.
Bachelor's Degree In Business, Finance, Or Related Field.
Minimum Of 3 Years Experience In Product Analysis Or Underwriting In The Commercial Auto Insurance Industry.
Strong Analytical Skills, Including Proficiency In Microsoft Excel And Data Analysis Software.
Knowledge Of Commercial Auto Insurance Regulations And Trends.
Excellent Communication And Collaboration Skills To Effectively Work With Cross-Functional Teams And Present Findings To Management.
Product Development
Data Analysis
Market Research
Forecasting
Financial Modeling
Claims Management
Pricing strategy
Risk assessment
Competitive analysis
Policy
Underwriting Guidelines
Insurance Regulations
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
creativity
Teamwork
Active Listening
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Commercial Auto Product Analyst is $60,000 to $100,000 per year. Salaries may vary depending on location, experience, and the specific company and industry. Some companies may also offer additional benefits such as bonuses and stock options.
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State Farm is a large group of insurance companies throughout the United States with corporate headquarters in Bloomington, Illinois.
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