YOU make the difference!

As our business continues to expand, we are looking to hire individuals that want to be among the most talented and passionate people in the industry.  We offer the confidence and stability that comes with working for a growing and evolving company. Our company culture allows employees to feel empowered, to be heard, and to make an impact.

As a Product Analyst I you will complete assigned tasks and projects in support of product managers as well as managers and executives in other functional areas.  Projects are often detailed and sometimes repetitive.  Some projects and tasks require strong quantitative, logical, or computer application proficiency.  PA1 incumbent is often still learning insurance, actuarial and product management fundamentals and developing technical skills.  A developmental position preparing a high-aptitude individual for technical-specialist or management positions.

Working independently, this role will

• Obtaining data and reports from policy and claims systems using menu-based reporting tools or previously-prepared reports. Possibly using SQL or other query language to develop ad hoc reports.
• Organizing and processing data and reports into pre-determined formats for use by managers.
• Obtaining competitor rate filings and extracting relevant competitor information to perform comparative analyses.
• Use comparative rating tools to obtain competitor rates and perform rate comparisons and organize comparisons into market baskets or other pre-determined formats for use by managers.
• Completing template-based analyses, such as monthly reports, rate level indications or rating factor analyses, by populating inputs in prepared templates.
• Obtaining and comparing competitor policy forms as directed.
• Creating business requirements for IT revisions.
• Researching operational problems related to products (rating errors, etc.)
• Editing rule manuals with updates and revisions as directed.
• Describing or researching business processes (policy issuance, renewal, invoice, cancellation, quoting, etc.) to document workflow, identify gaps and redundancies, evaluate data quality, and relate process to product components.
• Preparing and submitting SERFF (NAIC System for Electronic Rate and Form Filing) filings.
• Executing User Acceptance Testing of product-related IT revisions.
• Ad hoc analysis and miscellaneous support of the products and product managers.
• Proficiency with MS Excel (lookups, complex formulae, if/then/else logic, data scrubbing), Word, PowerPoint.
• User-level proficiency with internal menu-driven Business Intelligence or Management Information applications.
• Understanding of pricing and segmentation theory, include rate adequacy, adverse selection, pure premium relativity, and eligibility.
• Profound understanding of rating calculation formulae, rating variables and factor tables.
• Profound understanding of internal templates or documents specifying business requirements for rating, eligibility, billing and other product characteristics.
• Working knowledge of comparative rater processes, from both agency and company perspective, and familiarity with data available for rate comparisons or competitive analysis.
• Awareness of key competitors.
• Strong analytical and quantitative aptitude.
• Attention to detail.
• Ability to work independently to complete assigned tasks and projects.

• Bachelor’s degree required. Quantitative discipline (math, physics, finance, economics) highly desired.
• Bachelor’s degree requirement could be replaced by five-plus years of demonstrated extremely high-quality and relevant experience working with rating applications, IT business requirements, user acceptance testing, operational quality assurance or policy forms and filings.
• Minimum 1 year as an assistant product analyst or equivalent in a P&C insurance environment or 2 years as a quantitative analyst in an industry other than insurance or 3 years of progressively increasing experience in an operational role with the company.
• Candidates are generally expected to meet both the education and experience requirements.

Compensation is commensurate with experience. Traders employees also benefit from:

• Group Medical/Dental/Vision
• Employee and Dependent Life Insurance
• Paid Time Off
• 401K Plan
• Training and Career Development
• Opportunities for Advancement

Traders is an Equal Opportunity Employer and seek diversity in candidates for employment. EEO Employer W/M/Vet/Disabled/Sexual Orientation/Gender Identity.