Research & Development Analyst

Provide analysis and recommendations on business operations pertaining to product, pricing, underwriting and marketing.

DUTIES & RESPONSIBILITIES

• Perform various pricing, product and underwriting functions and analysis.
• Develop, introduce and provide ongoing support on the use of basic reports intended to support data-driven decision-making across the organization.
• Complete competitor coverage form, policy & pricing analysis.
• Assist with rate filings, including:
  • participate in kick-off and steering committee meetings
  • provide input on pricing structure and competitor programs
  • evaluate and highlight areas requiring deeper actuarial analysis
• Provide support to research and analyze projects and activities:
  • assist in compiling research data, by extracting data from various sources, designing spreadsheets, tabulating composite results manually and using computer programs, generating computer reports, and so forth
  • assist in preparing written reports of research findings and related recommendations to management
  • assist with enhanced and/or new product development projects
• Assist in the development and maintenance of actuarial databases and data mining tools.
• Performs other duties or special projects as required or as assigned.

SUPERVISION RECEIVED

General supervision is received from the Director of Research and Development.

QUALIFICATIONS

• Bachelor’s Degree (in Mathematics, Business, Statistics or Economics preferred), plus 3 to 5 years of relevant insurance underwriting experience; or a combination or education & experience from which comparable knowledge and skills are acquired.
• Effective written and verbal communication skills.
• Strong mathematical, problem solving and analytical skills.
• Strong underwriting background and knowledge of the insurance industry & principles.
• Proficient in the use of Microsoft Office Suite of products with particular emphasis/advanced skills with Excel and Access.
• Knowledge of image systems, rate-making and reserving procedures a plus.
• Positive and highly motivated; able to work independently as well as a team player.
• Working knowledge of Cognos, SQL, and VBA a plus.
• Ability to represent the company and deal effectively with a variety of company personnel and outside vendors, such as government insurance department personnel.

PHYSICAL DEMANDS/WORKING CONDITIONS

• Predominantly sedentary office position with high frequency of keyboarding/computer work.
• The physical demands are minimal and typical of similar jobs in comparable organizations.
• The work environment is representative and typical of similar jobs in comparable organizations.