Hybrid Competitive Analyst

at NYCM Insurance

• Job title: Competitive Analyst
• Job type: Full Time
• Experience level: Junior
• Salary: $49,082 - $76,349 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Edmeston, United States

About the role

• Competitive Analyst responsible for planning and programming competitive market analysis in the insurance industry. Collaborating with partners to provide insights on pricing and financial strategies within a hybrid work model.

Responsibilities

• The Competitive Analyst (Hybrid) will be responsible for planning, designing, programming, and the maintenance of competitive market analysis (CMA).
• Collaborate with line of business (LOB) colleagues, as well as partners across the organization, to provide in-depth insight into the competitive market regarding pricing, product, financial, and strategy elements.
• Support cross-divisional objectives with tailored competitive insight and discoveries.
• Research, develop, and program rating engines and tier algorithms across multiple carriers in programs such as SAS and Radar.
• Collaborate with team members and divisional partners in a data gathering capacity to retrieve, structure, and cleanse internal and external data for competitive analysis.
• Run, modify, and customize existing database queries and programs against multiple data sources with various applications including Business Objects, Crystal Reports, SAS, Radar, and CART building efficiencies when feasible.
• Conduct ad hoc data retrieval and analysis in support of LOB initiatives.
• Compile and present summarized findings from CMA as well as other analysis projects.
• Develop market surveillance by continuously researching, collecting, and analyzing industry trends and marketplace information through SNL, AM Best, and other industry publications.
• Profile key competitors including, but not limited to business strategies, services, technology, claim practices, and brand messaging.
• Deliver timely overviews on new insights, trends, considerations, and opportunities to formulate recommendations for LOB growth and profit initiatives such as rate changes.
• Work with vendors to develop and maintain competitive databases and information.
• Other duties as assigned.
• Build on presentation and analysis skills as well as business understanding through internal and external coursework.
• Continuously refine and strengthen technical capabilities.

Requirements

• Bachelor’s degree with an emphasis in finance, mathematics, accounting, economics, statistics, or a related field.
• 1-year insurance or research-related field with an associate degree.
• No experience with a bachelor’s degree.
• Strong computer skills and knowledge of applications including the Microsoft Suite with attention to Excel.
• Ability to create, manipulate and formulate spreadsheets and databases.
• Ability to distill, structure, and draw insight from large amounts of data.
• Excellent written and oral communication skills.
• Ability to learn and retain new concepts, processes, and applications.
• Ability to work in an open team environment.
• Ability to multi-task in a fast-paced environment.
• Good organization and priority setting skills.
• Ability to effectively research, collect, and organize information to help with decision making.
• Effective teamwork skills.