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SalaryOverview:
At General Motors Insurance/OnStar Insurance, we are building an Insurtech business that will reinvent auto insurance. We are fully owned and backed by auto industry leaders General Motors and GM Financial.
This is a truly unique opportunity to join at the foundational stage of a start-up leading the transformation of the auto insurance experience.
GM has the largest connected vehicle fleet worldwide. In the US alone, there are currently 9M+ connected GM vehicles on the road and that number is projected to triple in the next 10 years. More than that, the OnStar system currently has access to over 900 data points from the vehicle. This surge in information about vehicles and how they are driven will revolutionize auto insurance. This disruption is backed by the bold GM vision of zero crashes, zero emissions and zero congestion. We are serious about the safety and financial security of our customers.
This position will be posted until filled. Responsibilities:
The Insurance Product Analyst, State Management performs analyses and tasks needed to support the State Management team's efforts to launch new states in a compliant manner and manage the growth and profitability of the auto Insurance Product in existing states. This individual will work under the direction of the AVP(s) and Manager(s) who lead the development and continuous improvement of the state Insurance Product (coverage, policy language, underwriting eligibility, pricing, operations/processes), execute any needed regulatory filings, and communicate business requirements to Technology and Operations. The Insurance Product Analyst will research regulatory/legislative issues, perform qualitative and quantitative competitive research, gather data and perform analyses, and pursue process improvements.
JOB DUTIES
Our Culture: Our team members define and shape our culture — an environment that welcomes innovative ideas, fosters integrity, and creates a sense of community and belonging. Here we do more than work — we thrive.
Compensation: Competitive pay and bonus eligibility
Work Life Balance: 100% remote
#LI-CH1 Salary: The base salary range for this role is: USD $60,900.00 to $112,700.00. At GM Financial, we strive for transparency in all aspects of our business, including pay equity. This is the GM Financial pay range for this role and job level. The exact salary and compensation will vary based on factors like knowledge, skills, experience, and education. This role is eligible to participate in a performance-based incentive plan. Full time employees are eligible to participate in health benefits on day one of employment.
Why General Motors Insurance/Onstar Insurance?
At General Motors Insurance/OnStar Insurance, we are building an Insurtech business that will reinvent auto insurance. We are fully owned and backed by auto industry leaders General Motors and GM Financial.
This is a truly unique opportunity to join at the foundational stage of a start-up leading the transformation of the auto insurance experience.
GM has the largest connected vehicle fleet worldwide. In the US alone, there are currently 9M+ connected GM vehicles on the road and that number is projected to triple in the next 10 years. More than that, the OnStar system currently has access to over 900 data points from the vehicle. This surge in information about vehicles and how they are driven will revolutionize auto insurance. This disruption is backed by the bold GM vision of zero crashes, zero emissions and zero congestion. We are serious about the safety and financial security of our customers.
This position will be posted until filled.
About the role
The Insurance Product Analyst, State Management performs analyses and tasks needed to support the State Management team's efforts to launch new states in a compliant manner and manage the growth and profitability of the auto Insurance Product in existing states. This individual will work under the direction of the AVP(s) and Manager(s) who lead the development and continuous improvement of the state Insurance Product (coverage, policy language, underwriting eligibility, pricing, operations/processes), execute any needed regulatory filings, and communicate business requirements to Technology and Operations. The Insurance Product Analyst will research regulatory/legislative issues, perform qualitative and quantitative competitive research, gather data and perform analyses, and pursue process improvements.
JOB DUTIES
- Support the development and execution of state product launches (forms/rules/rates/operations), which includes tasks such as research, competitive analysis, drafting filing documents, performing tasks in SERFF, participating in user-acceptance testing
- Help drive business results by tracking and analyzing key business metrics
- Leverage data tools to create reports and visualizations
- Investigate any known issues in rating or underwriting and help generate solutions
- Research insurance industry data using tools such as S&P
What makes you a dream candidate?
- You have experience in utilizing quantitative approaches to generate sounds business analyses
- You possess a working knowledge of personal auto insurance operations
- You have the ability to retrieve and analyze data – to identify trends, indicate how well a product is performing in market, answer ad hoc business questions
- You can interpret competitor product offerings from regulatory filings, websites, and other sources and to research insurance laws and regulations
- You are proficient with Microsoft Office Suite as well as database creation and manipulation programs (e.g., SQL) and business intelligence software
- You have experience or exposure to InsurQuote and/or Radar Base, programming languages such as R or Python
- You are an effective communicator (verbal and written), cross-collaborator and team member who can work effectively in a team environment and adapt to rapidly changing business and technological needs, with frequently changing priorities
- You enjoy meeting expected delivery dates and the tasks necessary to achieve objectives, managing multiple projects simultaneously and have strong organizational skills to prioritize work appropriately
- You have the ability to meet documentation standards and can demonstrate integrity while successfully managing work demands
Experience and Education
- High School Diploma or equivalent required
- Bachelor’s Degree in Business, Finance, Math, Insurance or related field, or 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree required
- 2+ years work experience in analytics (strong preference for personal lines insurance experience) required
What We Offer: Generous benefits package available on day one to include: 401K matching, bonding leave for new parents (12 weeks, 100% paid), tuition assistance, training, GM employee auto discount, community service pay and nine company holidays.
Our Culture: Our team members define and shape our culture — an environment that welcomes innovative ideas, fosters integrity, and creates a sense of community and belonging. Here we do more than work — we thrive.
Compensation: Competitive pay and bonus eligibility
Work Life Balance: 100% remote
#LI-CH1
