Description |
Boston-based Liberty Mutual Group is a diversified global insurer and fifth largest property and casualty insurer in the U.S. based on 2008 direct written premium. The Company also ranks 86th on the Fortune 500 list of largest corporations in the U.S. based on 2008 revenue. As of December 31, 2008, Liberty Mutual Group had $104.3 billion in consolidated assets, $94.2 billion in consolidated liabilities and $28.9 billion in annual consolidated revenue.
Liberty Mutual Group offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, assumed reinsurance, fire and surety. Liberty Mutual Group employs over 45,000 people in more than 900 offices throughout the world.
Advance your career at Liberty Mutual - A Fortune 100 Company!
The product analyst participates in the analysis and development of the company's product offerings, pricing, and competitive position for Property and Auto products. Coordinates the implementation of new rating plans, underwriting rules, process improvements, and other initiatives to support profitable growth.
Responsibilities:
* Gathers data, conducts analysis, and develops recommendations impacting product features, pricing, underwriting, and distribution. Collaborates with other functional areas such as Sales, Service, Claims, Information Systems, Production, and Compliance to assess the potential effects of these changes and incorporate these considerations into recommendations.
* Primary contact for regional management on underwriting rules, pricing structure, and performance reporting for assigned product lines.
* Manages the introduction of coverage and rate changes for assigned product lines. Develops business requirements and discusses specifications with Information Systems team. Prepares revisions to underwriting and rating manuals for submission to state regulatory agencies, and drafts responses to questions from regulatory analysts.
* Assists in special projects by performing analysis upon management request, focusing on the retrieval and evaluation of internal and external data in order to answer key business questions.
* Performs other duties as needed.
|
Requirements |
Qualifications:
* Bachelor's degree in Mathematics, Statistics, Finance, Economics or Insurance preferred; or equivalent experience.
* Approximately 2 to 4 years related work experience.
* Proficient in Excel & PowerPoint.
* Must have good planning, organizational, analytical, decision-making and communication skills.
* Must be able to complete assigned projects with little supervision.
* Knowledge of rate-making procedures preferred.
* Basic knowledge of insurance principles/ laws/ regulations, underwriting rules and guidelines, policy contract coverages and conditions, rating manual rules are preferred.
* Understanding of functions of various departments such as statistical, sales, and underwriting.
Benefits:
We recognize that talented people are attracted to companies that provide competitive pay, comprehensive benefits packages and outstanding advancement opportunities. For this reason we offer a Comprehensive Benefits Plan that includes the following:
* 401K and Company paid pension plan
* Medical coverage
* Dental coverage
* Paid time-off
* Pay-for-Performance
* Discounts on automobile and homeowner's insurance
* Discount fitness memberships
* Flexible spending accounts
* Tuition reimbursement
* Vision care coverage
* Work/Life resources
* Credit Union membership
* Employee and Dependent life insurance
* Disability insurance
* Long-term care insurance
Overview:
We believe strongly that commercial success can be achieved in a manner consistent with principles and ideals that bind us together as one company, that set us apart from our competitors, and that in the end will allow us to say we have succeeded commercially by doing the right thing the right way.
We believe that the Company's success is inextricably linked to our employees' satisfaction and success: satisfaction that they work for an industry leader committed to improving safety, satisfaction that they work for a company that does the right thing, and satisfaction that the company will reward them for their contributions and provide opportunities for personal growth and success.
We believe our employees take pride in knowing that they help people live safer more secure lives everyday.
Responsibility. What's your policy?
|
|
