Product Analyst - Commercial Lines

Product Analyst – Commercial Lines Hybrid work schedule Buffalo, NY Merchants Insurance Group, is a leading Property and Casualty Insurer in the Northeast, and is looking for a Product Analyst for our Corporate Product Management team to join our Corporate Headquarters located in Buffalo, New York. The Product Analyst will become part of a dedicated commercial lines product team focusing on providing analytical support to the Staff Underwriting and Commercial Product departments. Merchants Insurance Group is proud to be named one of Buffalo Business First’s Best Places to Work in Western New York for a 2nd consecutive year and to be named both a “Fast Track” company and Top Private Company for the 5th year in a row by Buffalo’s Business First. Merchants has also been named as one of Ward's top 50 performing insurance companies in the United States for the 3rd year in a row. Ward's is the provider of benchmarking and best practices for the insurance industry. They analyze staff levels, compensation, business practices and expenses for all areas of company operations. Merchants offers its colleagues a Hybrid work schedule. The Hybrid work schedule requires 8 full days per month in the office, with the option to work the remaining days at home or in the office. This exciting Hybrid Work benefit offers colleagues a flexible work schedule with the ability to remain connected with their Merchants team and colleagues. Essential Duties and Responsibilities include, but are not limited to: Supports Product Managers and Staff Underwriters in the management of the assigned line of business (or businesses) by querying and organizing data, building reports and scorecards, analyzing results, monitoring activity, identifying and implementing corrective underwriting actions and development of new products and enhancements to achieve corporate loss ratio and production goals. Works with Product Managers and Actuarial staff to manage the rate review process for the assigned lines of business to assure compliance with all state requirements and timely implementation and communication of rate and/or product changes. Develops standardized reports, scorecards, dashboards, and other analytical tools. Acts as project lead or team participant on projects involving product, underwriting or reporting system updates. Qualifications & Skills: Qualified candidates will have a 4 year degree or equivalent work related experience. 1 – 3 years analytical experience required, preferably in property and casualty insurance. General programming and/or database skills. Excellent analytical and organizational skills. Microsoft Office knowledge as well as the ability to work with internal company systems (WINS, ImageRight etc.). Exceptional verbal and written communication skills are highly desirable. The ability to excel in a team environment. Merchants Insurance Group Pay information: Merchants Insurance Group offers a competitive pay scale. The actual compensation will be determined based upon experience and other factors permitted by law. The pay range for this position is $56,532 - $75,357. Merchants Insurance Group Benefits: Welcoming and positive work environment. Colleague Appreciation events. Flexible work arrangements, including flex scheduling and summer hours. Hybrid work schedule. The Hybrid work schedule will require 8 full days per month in the office, with the option to work the remaining days per month at home or in the office. Competitive pay scale. Generous paid time off package. Full Benefits: Health, Dental, Vision, Life Insurance, Short Term Disability, 401(k) employer match amount is 100% up to 6% of your annual contributions. You are immediately 100% vested in the employer match dollars. Outstanding company bonus program. Tuition Reimbursement. And many more exciting company benefits!! EOE