Product Analyst II
Company: Plymouth Rock Management Company of New Jersey
Location: Red Bank, NJ
Posted on: May 23, 2018
Plymouth Rock Management Company of New Jersey
Title: Product Analyst II (Red Bank, NJ)
Duties: Working under the direction of Product Manager, will contribute
to the development of the company’s product features, pricing and
competitive position. Will analyze business issues and provide
recommendations for the implementation of new rating plans, underwriting
rules, process improvements, and other initiatives to support profitable
growth and improve competitive position. Specifically:
• Understands predictive modeling and other quantitative concepts
and serves as a resource to other Product Analysts in interpreting these
concepts for business application.
• Develops and presents a comprehensive review of the products
he/she is responsible for.
• Examines the impact of changes in state regulatory environment
on the product and business processes and proposes necessary changes.
• Designs, reviews, and analyzes monthly and quarterly reports
used to manage the company’s financial and operational performance, as
well as ad hoc analyses as needed.
• Analyzes competitive data, identifies trends and opportunities.
Recommends areas for enhancement to products to improve competitive
• Plays a key role in User Acceptance Testing, product
verification and product implementation.
• Assist with annual loss and premium budgets.
• Effectively uses available tools and data systems to identify,
test and solve strategic business issues within the company
data/reports, troubleshoots when there are inconsistencies and presents
findings to management.
• Collaborates with the Actuarial team and other functional areas
such as Customer Service, Marketing, Claims, Finance, Information
Systems, and Senior Management to assess the potential effects of
product changes and incorporates these considerations into
• Constructively challenges current processes and proposed
solutions to obtain the best outcome.
Education and Experience:
Master’s degree in Statistics, Mathematics, Finance, Actuarial Science
or a related quantitative field (or foreign educational equivalent) and
two (2) years of experience performing risk management.
Also requires demonstrated expertise (DE): utilizing SQL to develop
reusable scripts and stored procedures with relational databases; DE
utilizing SAS, Excel, including VBA, or comparable statistical tools to
perform advanced statistical analyses; DE using Tableau to create
visualization and present data in a manner that is functional to upper
management; and DE performing statistical analyses on historical loss
cost to forecast future loss cost and assess expected close rate.
Requires ASA or ACAS designation.
To apply please email resume clearly referencing Job Code # JO-1805-1642
Keywords: Plymouth Rock Management Company of New Jersey, East Brunswick, Product Analyst II, Insurance, Red Bank, NJ, New Jersey
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