Product Analyst
Independence American Insurance Company · Chicago, IL
- Hybrid
- Full-time
- $95,000 / year
- Chicago, IL
Job highlights
- Analyze product performance and P&L.
- Develop reports and analytical tools.
- Act as subject matter expert on products.
- Generate insights from complex data sets.
- Collaborate with stakeholders for strategy.
About the role
About Independence Pet Holdings
Established in 2021, Independence Pet Holdings is a corporate holding company that manages a diverse and broad portfolio of modern pet health brands and services, including insurance, pet education, lost recovery services, and more throughout North America.We believe pet insurance is more than a financial product and build solutions to simplify the pet parenting journey and help improve the well-being of pets. As a leading authority in the pet category, we operate with a full stack of resources, capital, and services to support pet parents. Our multi-brand and omni-channel approach include our own insurance carrier, insurance brands and partner brands.
Independence American Insurance Company (IAIC), a subsidiary of IPH, has over 50 years of underwriting experience and a history of innovation in the pet insurance industry. IAIC has built a reputation as a trusted and dependable partner. We are a pet-focused underwriter with deep insurance industry experience, offering a product with proven consumer appeal.
Job Summary
As a Product Analyst at Independence Pet Holdings, you will play a pivotal role in shaping the world of pet insurance. You will identify data and market trends and business opportunities to enhance and innovate our pet insurance products. Working closely with the Product Manager, you will utilize your problem solving and analytical skills to present data-driven insights to inform key decisions and ensure our pet insurance offerings remain competitive and customer-centric. You will be responsible for providing performance analytics for the carrier and our Managing General Agencies focusing on profitable growth, and product plans that align with strategic needs.
Are you ready to embark on a rewarding career where you can make a real difference? Join our team and let us create a brighter future for pets everywhere.
Job Location
Key Responsibilities
- Analyzes product and portfolio P&L performance, identifies growth opportunities, assesses new product metrics, and evaluates initiatives to uncover issues. Provides strategic recommendations and implements improvements to drive profitable growth.
- Develops and enhances reports and tools which support better decision-making for our business partners.
- Become and act as subject matter expert in specific pet insurance contracts, products and rating structures, within the confines of the products they are assigned.
- Constructs, and works with, structured information and data sets from multiple sources to generate analytical insights, following best practices for data retrieval and ensuring data integrity across products.
- Conducts ad hoc analyses to address and resolve emerging business challenges.
- Supports the exploration and analysis of key data points to support on-going monitoring, maintenance, and underwriting of existing products.
- Collaborates with key stakeholders, such as Actuarial and Underwriting, to identify portfolio insights, emerging trends, and profit opportunities, enhancing performance and mitigating risk.
- Consults on portfolio strategy, through the lens of data and analytical trends
Requirements
- Bachelor’s degree in a relevant field or equivalent work experience.
- 2+ years of experience in product performance analytics, insurance pricing, and/or underwriting.
- Strong visualization and presentation skills for reporting and analytics, with proficiency in tools such as Power BI, Tableau, or similar platforms.
- Proven ability to collect, analyse, and synthesize data, with experience using tools such as SAS, SQL, R, Python, or equivalent to support informed product decisions.
- Knowledge or experience in veterinary or animal health (specifically dogs and cats) is highly desirable.
- Ability to effectively communicate complex ideas, product details and analysis to both technical and non-technical internal audiences, as well as management.
- Proven ability to manage multiple tasks and adapt to a fast-paced, evolving environment.
#carrier
All of our jobs come with great benefits including healthcare, parental leave and opportunities for career advancements. Some offerings are dependent upon the location of where you work and can include the following:
- Comprehensive full medical, dental and vision Insurance
- Basic Life Insurance at no cost to the employee
- Company paid short-term and long-term disability
- 12 weeks of 100% paid Parental Leave
- Health Savings Account (HSA)
- Flexible Spending Accounts (FSA)
- Retirement savings plan
- Personal Paid Time Off
- Paid holidays and company-wide Wellness Day off
- Paid time off to volunteer at nonprofit organizations
- Pet friendly office environment
- Commuter Benefits
- Group Pet Insurance
- On the job training and skills development
- Employee Assistance Program (EAP)
Interview Technology Notice
Please note that phone and video interviews or screenings may be recorded and transcribed using interview technology to support our recruitment process.
By continuing with the interview, you consent to this use.
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Key skills/competency
- Product Analysis
- Data Analysis
- SQL
- R
- Python
- Power BI
- Tableau
- Insurance Pricing
- Underwriting
- Business Strategy
Skills & topics
- Product Analyst
- Data Analysis
- Product Management
- Insurance
- Pet Insurance
- Analytics
- SQL
- Power BI
- Tableau
- P&L Analysis
How to get hired
- Tailor your resume: Highlight experience in product analytics, insurance pricing, or underwriting, emphasizing relevant tools like SQL, R, Python, Power BI, or Tableau.
- Showcase data skills: Quantify your achievements in collecting, analyzing, and synthesizing data to drive informed product decisions.
- Demonstrate communication ability: Provide examples of how you've communicated complex analysis to both technical and non-technical audiences.
- Emphasize adaptability: Mention your experience managing multiple tasks in fast-paced, evolving environments.
- Research the company: Understand Independence Pet Holdings' mission to simplify pet parenting and improve pet well-being.
Technical preparation
Master SQL for data extraction and manipulation.,Practice data visualization with Power BI/Tableau.,Build models using R or Python for analysis.,Study insurance pricing and underwriting principles.
Behavioral questions
Describe a complex analysis you presented.,How do you handle conflicting stakeholder needs?,Tell me about a time you adapted quickly.,How do you ensure data integrity in your work?
Frequently asked questions
- What are the key responsibilities for a Product Analyst at Independence American Insurance Company?
- As a Product Analyst at Independence American Insurance Company, you will analyze product and portfolio P&L performance, develop reporting tools, become a subject matter expert on insurance products, generate analytical insights from data, conduct ad hoc analyses, and collaborate with stakeholders like Actuarial and Underwriting to inform portfolio strategy and drive profitable growth.
- What technical skills are essential for this Product Analyst role?
- Essential technical skills for this Product Analyst role include proficiency in data analysis tools such as SAS, SQL, R, or Python, and strong data visualization and presentation skills using platforms like Power BI or Tableau. Experience in insurance pricing and underwriting is also crucial.
- Is experience in the pet industry required for the Product Analyst position?
- While not strictly required, knowledge or experience in veterinary or animal health, specifically with dogs and cats, is highly desirable for the Product Analyst position at Independence American Insurance Company.
- What kind of background do successful Product Analysts have at Independence Pet Holdings?
- Successful Product Analysts typically have a Bachelor’s degree in a relevant field or equivalent work experience, with at least 2 years of experience in product performance analytics, insurance pricing, or underwriting. They possess strong analytical and communication skills and the ability to adapt to a dynamic environment.
- How does Independence American Insurance Company use data in product development?
- Independence American Insurance Company leverages data extensively. Product Analysts identify market trends, analyze product performance, assess new product metrics, and generate data-driven insights to enhance and innovate pet insurance products, ensuring they remain competitive and customer-centric.
- What are the benefits of working as a Product Analyst at Independence Pet Holdings?
- The benefits include comprehensive medical, dental, and vision insurance, life and disability insurance, generous paid parental leave, retirement savings plans, paid time off, a pet-friendly office environment, and opportunities for on-the-job training and career advancement.
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