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Product Analyst

Employer
Gainsco Auto Insurance
Location
Dallas, Texas
Salary
Not Specified
Closing date
Jun 24, 2019

View more

Category
Product Manager
Job Type
Full Time
Career Level
Experienced (Non-Manager)

Job Details

GAINSCO Auto Insurance markets non-standard private passenger automobile products through retail agencies, in Texas, New Mexico, Arizona, Oklahoma, Florida, Georgia, South Carolina, Virginia, Tennessee, and Utah. GAINSCO Auto Insurance has fully integrated insurance capabilities, including marketing, underwriting, customer service and claims handling. Our operations are bilingual (English/Spanish).

Job Purpose: The Product Analyst will participate in the analysis, maintenance, implementation, and development of personal auto insurance programs, including pricing, procedures, research, and underwriting to support the Sr. Product Managers with the continued development of profitable growth.

Essential Job Results:

% of Time

Results Expected and Duties Performed

25

Assist the Sr. Product Managers to drive the successful development of new products and the effective management and enhancement of existing products by making recommendations, based on analysis and research, regarding product design, pricing, underwriting, agency management, distribution, claims, and other processes.

25

Ensure overall goals for production and underwriting profitability are met by analyzing premium rates, loss experience, and retention and providing summaries of analysis to Sr. Product Managers to assist in the decision making process.

10

In conjunction with Corporate and Regional Product departments, develop state profit and growth strategies and translate 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.

10

Ensure regulatory compliance by researching and maintaining awareness of existing state and federal statutes, as well as new legislation; includes state filings, licensing, consumer complaint resolution, assessments; market conduct examinations, audits, and DMV report.

10

Prepare filings and ensure accuracy and completeness of all state filings (including rates, forms, and underwriting guidelines) in order to obtain approval from the Department of Insurance by working with regional Sr. Product Managers and actuarial staff to submit filings to the Department of Insurance and respond to the DOI for filings and other interactions.

10

Identify key levers and priorities for large amounts of information by applying critical thinking skills to the analysis of internal and external data.

5

Create business requirement documents detailing rate changes or other program changes to be used by the IT department to program/implement as requested. Communicate and coordinate requested changes to ensure proper implementation. Involves developing working relationships with Accounting, Actuarial, Claims, Customer Service and IT

5

Actively test rate changes as well as other program changes to ensure programming has been completed per business requirements as defined by the Product Analyst, Sr. Product Manager, etc.

Required behaviors for all positions:

  • Communicate with co-workers, management, customers, vendors, and others in a courteous and professional manner

  • Conform with and abide by all Company codes, regulations, policies, values, work procedures and instructions

  • Regular attendance

Education: Bachelors degree, with preference given to Accounting, Finance, Statistics, Math, Insurance or a related field of study.

Experience:Two or more years with current experience as a Product Analyst, preferably with personal auto insurance products. Current experience with pricing analysis and providing product change recommendations to Sr. Product Managers and Senior Management. Proven problem solving and analytical skills used to make decision regarding the Product. Experience working with Product and Marketing departments for new state implementation; research and development of business requirements. Experience with submitting form and rate filings and responding to the DOI comments/objections. Experience working independently and with others in a team environment.

Skills and Abilities: Excellent verbal and written communication skills including the ability to effectively present summary of analytical work and ideas to Senior Management, other departments and staff; ability to gather, extract, monitor, format and understand information and express ideas effectively at all levels of the organization; strong analytical skills; excellent organizational and time management skills; ability to balance quantitative analysis with competitor behaviors with the marketplace; excellent project management skills; excellent analytical or quantitative aptitude; strong problem solving skills; MS Office skills with proficiency in Access, PowerPoint, Word, Outlook, MapPoint, and Excel, including pivot tables. SAS experience preferred.

Compensation: Competitive salary based on experience. Excellent benefits package: medical, dental, vision insurance, life insurance, short term and long term disability insurance, 401K, Paid Vacation and Holidays.

GAINSCO is an Equal Employment Opportunity Employer

Company

Want to join the GAINSCO team?

GAINSCO’s fast growth as a company has reflected the outstanding success of our insurance products and our leadership in the marketplace translating into an exceptional opportunity for your career.

We offer a competitive salary and excellent benefits package. Our regional offices and employment opportunities are located in Dallas and Miami. Field and sales positions may also exist in other cities and states.

GAINSCO Auto Insurance® is a Dallas, Texas-based property and casualty insurance company concentrating on the non-standard personal auto insurance market, specializing in minimum-limits personal auto insurance. GAINSCO Auto Insurance is an expansionary company, selling its insurance policies in 17 states through independent agents as well as directly to customers via digital channels. Our insurance operations are conducted through MGA Insurance Company, Inc.  GAINSCO, Inc. was established in 1978 and has a regional office in Miami, Florida.  In December 2020, State Farm Mutual Automobile Insurance Company acquired GAINSCO, Inc. and its subsidiaries.

OUR MISSION

At GAINSCO, we seek to help those who need our assistance by providing essential automobile coverage protections, quality customer services, and exceptional claims responses that fulfill our promise to customers.

Company info
Website
Telephone
800-699-1561
Location
3333 Lee Parkway Suite 1200
Dallas
Texas
75219
US

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