Product Analyst - Commercial Lines

Job Details

Description

Product Analyst – Commercial Lines

Hybrid Work Schedule

Buffalo, NY

Merchants Insurance Group is a leading Property and Casualty Insurer in the Northeast and is looking for a Product Analyst for our Corporate Product Management team to join our Corporate Headquarters located in Buffalo, New York.

The Product Analyst will become part of a dedicated commercial lines product team focusing on providing analytical support to the Staff Underwriting and Commercial Product departments.

Merchants Insurance Group, rated A- (Excellent) with a stable outlook by the A.M. Best Company, is proud to be one of Buffalo Business First’s Best Places to Work in Western New York (2023-2025), a Fast Track company (2019-2025), and a Top Private Company (2019-2025). Merchants was also granted the Ward’s 50 designation as a top-performing property-casualty insurance company for four consecutive years (2021-2024) and has been granted the Ivans Spark Award for innovation (2024-2025). In October 2024, Newsweek and Statista included Merchants Insurance Group on their first-ever America’s Most Reliable Companies list, which highlights organizations that other companies can feel confident doing business with in 2025. Of 1,500 B2B companies evaluated, Merchants was one of only 300 companies to make the list.

Merchants offers its colleagues a Hybrid work schedule. The Hybrid work schedule requires 8 full days per month in the office, with the option to work the remaining days at home or in the office. This exciting Hybrid Work benefit offers colleagues a flexible work schedule with the ability to remain connected with their Merchants team and colleagues.

Essential Duties and Responsibilities include, but are not limited to:

• Supports Product Managers and Staff Underwriters in the management of the assigned line of business (or businesses) by querying and organizing data, building reports and scorecards, analyzing results, monitoring activity, identifying and implementing corrective underwriting actions and development of new products and enhancements to achieve corporate loss ratio and production goals.
• Works with Product Managers and Actuarial staff to manage the rate review process for the assigned lines of business to assure compliance with all state requirements and timely implementation and communication of rate and/or product changes.
• Develops standardized reports, scorecards, dashboards, and other analytical tools.
• Acts as project lead or team participant on projects involving product, underwriting or reporting system updates.
  
  

Qualifications & Skills

• Qualified candidates will have a 4-year degree or equivalent work-related experience.
• 1 - 3 years analytical experience required, preferably in property and casualty insurance.
• General programming and/or database skills; excellent analytical and organizational skills.
• Microsoft Office knowledge as well as the ability to work with internal company systems (WINS, ImageRight etc.).
• Exceptional organization, verbal and written communication skills are highly desirable.
• The ability to excel in a team environment.
  
  

Merchants Insurance Group Pay Information

Merchants Insurance Group offers a competitive pay scale. Merchants Insurance Group offers a competitive pay scale. The estimated salary for this role ranges from $60,000 - $80,000 based on leveling and geography, along with an equity component and a comprehensive benefits package. This range is merely an estimate; actual compensation may deviate from this range based on skills, experience and qualifications.

Merchants Insurance Group Benefits

• Welcoming and positive work environment.
• Flexible work arrangements, including flex scheduling and summer hours.
• Hybrid work schedule. The Hybrid work schedule requires 8 full days per month in the office, with the option to work the remaining days per month at home or in the office. This benefit offers colleagues a flexible work schedule with the ability to remain connected with your Merchants team and colleagues.
• Colleague Appreciation Events.
• Competitive pay scale.
• Outstanding company bonus program.
• Generous paid time off package.
• Full Benefits: Health, Dental, Vision, Life Insurance, Short Term Disability, 401(k) employer match amount is 100% up to 6% of your annual contributions. You are immediately 100% vested in the employer match dollars.
• Tuition Reimbursement.
  
  

And many more exciting company benefits!! EOE