Insurance Product Analyst (Hybrid - Webster or Boston)

Description du poste:

Summary

This position is eligible for a higher grade based on experience. This role is not eligible for sponsorship now or in the future.

The Product Analyst plays a key role in supporting the development, enhancement, and ongoing management of Property & Casualty insurance products, with shared accountability for growth and profitability. In this role, you will analyze market demographics, competitive trends, and regulatory requirements to develop data-driven recommendations for product design, pricing, and enhancements.

The Product Analyst leads cross-functional initiatives, translates business needs into clear requirements, and partners closely with stakeholders across the organization to deliver compliant, competitive, and profitable insurance solutions.

Key Responsibilities

* Analyze and effectively communicate market changes, industry trends, competitive dynamics, and other critical insights that impact product performance and operations.
* Partner with insurance vendors and underwriting service providers supporting new product launches and ongoing product maintenance, including reviewing contracts, assessing vendor performance and efficiency, and quantifying recommendations.
* Collaborate with Legal and State teams to update policy language or develop new forms to ensure compliance with regulatory requirements and alignment with strategic objectives.
* Build comprehensive, well-documented business requirements for the IT department and partner closely with IT to ensure accurate and timely implementation of product changes.
* Collaborate with state teams representing the National Product team on countrywide projects and strategic initiatives.
* Develop clear, comprehensive, and well-written proposals for review by senior leadership, including presenting recommendations and findings to key stakeholders.
* Leverage advanced Excel capabilities to build pivot tables, create cross-tabulations, apply formulas, analyze and manipulate data, and develop charts and visualizations that clearly summarize analyses.
* Demonstrate strong attention to detail while effectively managing multiple tasks and projects in a fast-paced environment with limited supervision.
* Utilize advanced Excel skills to summarize, analyze, and visualize data in support of product recommendations.
* Apply end-to-end knowledge of insurance operations, understanding how all aspects of the business work together.
* Proactively communicate market developments, upcoming products, and industry trends to impacted departments across the organization.
* Conduct market and regulatory research using tools such as rate and form circulars issued by rating bureaus.

Qualifications

* Bachelor's degree or professional-level knowledge in a specialized field, or equivalent related experience.
* 2-4 years of relevant experience, or an associate's degree with 4-6 years of equivalent experience.
* Basic project management skills.
* Strong qualitative analysis and critical thinking skills.
* Intermediate proficiency in Microsoft Excel, Word, and PowerPoint.

Why Mapfre?

As a global insurance leader with a strong local presence, we offer more than a job - we provide a purpose-driven career where your growth, well-being, and impact truly matter.

* Purpose & Culture: Join a company built on trust, collaboration, and inclusion. Our values guide everything we do, creating a workplace where people feel respected and empowered.

* Comprehensive Benefits: Enjoy competitive health coverage, retirement plans, paid time off, flexible work options, and lifestyle perks like employee discounts.

* Career Growth: Advance your skills through tuition reimbursement, leadership programs, and internal mobility opportunities. Your development is our priority.

* Social Responsibility: Contribute to meaningful initiatives through Fundación Mapfre, supporting communities and sustainability worldwide.

Pay Philosophy: The typical starting salary range for this role is determined by several factors including skills, experience, education, certifications, and location. Some roles at Mapfre are eligible for commission and/or bonus earnings, in addition to salary, calculated based upon factors set forth in the compensation plan for the role.

Salary Range: $58,800 - $89,400

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