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At MAPFRE, we are committed to protecting what is most important to you. That's why, we are the largest Spanish insurer in the world, the largest multinational insurance company in Latin America and one of the 10 largest European groups in terms of premium volume.
With 90 years of experience, we are proud to provide innovative insurance solutions and services to protect people and companies across the globe.
Our corporate purpose is about being by your side every step of the way, accompanying you to move forward with peace of mind, contributing to the development of a more sustainable and supportive society. Because our raison d'être is to work every day giving the best of ourselves, always standing by the almost 31 million customers who trust in us.
We have a presence on the five continents, guaranteeing solvency, promoting innovation, providing the best service and acting with integrity.
At MAPFRE, we believe in people power. Our multicultural, diverse team is the driver of our success, making our vision and mission possible, contributing talent, passion and experience on a daily basis.
If you want to know more about MAPFRE, visit the “Life at the company” section of our website. Welcome to MAPFRE!
This is a Product Analyst position with insurance background, knowledge of property and casualty products.
Position can be in Webster, MA Boston, MA or Remote (Washington state job related experience helpful along with Insurance product knowledge)
Drives the development and maintenance of property and casualty insurance products with shared responsibilities for growth and profitability. Extracts and analyzes data at the regional, state and agency level to determine profit and loss drivers and identify growth opportunities. This includes complex analysis of demographics, competitors and regulatory statutes to create recommendations and proposals for product development, pricing and to write business requirements. Takes a lead role on cross-functional teams.
Knowledge, Skills And Abilities
Education: Bachelor's Degree or professional level of knowledge in a specialized field, or equivalent, related experience.
Experience: 4 - 6 years - or Associates Degree equivalent plus 6 - 8 years.
Knowledge: Complete understanding and knowledge of industry practices, standards, and concepts within field of work. Applies them to perform or lead work requiring extensive analytical business skills.
Decision Making: Makes decisions using broad management limits. Applies guidelines and procedures that leave considerable room for discretion and interpretation. Decisions directly influence project, client relationships and or expenditures. Additionally, decisions exert some influence on organization's long-range goals and objectives. Participates in determining objectives of assignments.
Supervision Received: Works independently under general supervision. Work is reviewed for overall adequacy in meeting objectives.
Additional Knowledge, Skills And Abilities
Advanced ability in analyzing financial results, profitability, and forecasting. Evaluate top and bottom line impacts of action plans. Utilize various data to identify new profit and growth opportunities in the
assigned state(s)
Attention to detail with ability to manage multiple tasks/priorities while working in a fast-paced environment with limited supervision. Flexibility to handle assignments in various states of completion at the same time
Intermediate knowledge of actuarial and pricing concepts
Intermediate to advanced project management skills
Excellent verbal, written communication and presentation skills
Advanced knowledge of market and regulatory research tools, including rate and form
circulars issued by rating bureaus
Strong mathematical aptitude and analytical skills required
Quantitative analysis and critical thinking skills
Advanced experience using Microsoft Excel, Word, PowerPoint and Access
Knowledge of SAS and/or other data analysis tools preferred
Ability to lead cross functional teams to make critical product and pricing decisions for assigned
states/lines of business
Ability to deal with ambiguity and determine the correct course of action
Completed portions of insurance designations or licenses such as CPCU, ARM, AU etc
Assist in the training process when appropriate
If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the MAPFRE Insurance Talent Acquisition team at talentacquisition@mapfreusa.com .
We are proud to be an equal opportunity employer.
Required profile
Experience
Level of experience:Senior (5-10 years)
Industry :
Insurance
Spoken language(s):
English
Check out the description to know which languages are mandatory.