COUNTRY Financial is seeking two Product Development and Analytics Analysts to join our National Product Management Auto and Home teams. The roles will research and analyze auto and home product performance and develop strategic product recommendations to achieve profitability objectives. The positions will begin May/June 2020 and will be located in our Bloomington, Ill. home offices.
This role is accountable for product premium volume growth and profitability results within assigned lines of business. Manages relationship of every aspect of assigned product through interaction with relevant departments, such as Claims, Underwriting, Sales/Marketing, Client Service, and outside contracts (agents, regulators and industry groups). Develops action plans and strategic direction for functional areas and maintains alignment with product managers to ensure successful development of the entire product line. Participates in the analysis, maintenance, implementation, and development of products and programs, including pricing, procedures, research, and underwriting to support Product Management leadership with the continued development of profitable growth. Files changes with the department of insurance anticipating potential questions from the department and providing adequate information with the initial filing.
•Drive the successful development of new products and the effective management and enhancement of existing products by making recommendations regarding product design, pricing, underwriting, agency management, distribution, claims and other processes.
•Ensures overall goals for production and underwriting profitability are met by analyzing premium rates, loss experience and retention.
•In conjunction with marketing, develops lines of business profit and growth strategies and translates business ideas and market opportunities into new product ideas by researching and maintaining awareness of all major competitors' current market positions (i.e., rates, service levels, financial positions and operating strategies), business directions, financial dynamics, and new technologies.
•Communicates and coordinates key profit metrics by coordinating with the IT department to ensure proper implementation of rate revisions, new products, new product features, and other initiatives; develops working relationships with Accounting, Actuarial, Claims, Client Service and IT.
•Strong analytical and problem-solving skills.
•Experience with data analysis tools such as MS Excel, or equivalent.
•Demonstrates excellent oral and written communication skills, including the ability to present small or large group presentations.
•Possesses a well-developed detail orientation and excellent critical thinking, prioritization, organizational, and research skills.
•Insurance knowledge of underwriting and rating rules, procedures, coverages, and regulations, would be a plus.
•Bachelor’s degree OR,
•At least 2 years of product management or related experience.
•Normal office environment.
•Work may extend beyond normal business hours as business needs dictate.
COUNTRY Financial does not generally sponsor individuals for employment-based visas for this position.
About COUNTRY Financial
COUNTRY Financial has helped families protect what they have, save for a comfortable future and achieve financial security for nearly 100 years.
We offer a full range of insurance and financial products and services, including auto, home, life, and commercial insurance, and retirement planning, investment management and trust services, to nearly 1 million households and businesses.
The organization’s more than 5,000 financial representatives and employees work closely with customers to create insurance and investment programs that meet their financial objectives.
We care about the community, supporting national and regional non-profit groups across the country.
We’ve delivered on our promises to customers since 1925, when a group of Illinois Farm Bureau members established the insurance company to provide fire insurance on their property. Auto insurance was added in 1927, followed by life insurance in 1929.
COUNTRY Financial is headquartered in Bloomington, IL and has revenue of $3.5B.