NJM Insurance is hiring an Insurance Product Management Analyst (also known as a Business Insights Analyst, Associate) in our Personal Lines Product Management department. This role will work with various levels of management to support the development of a data-driven culture by empowering users through the use of data and analytics to drive business decisions by continuously monitoring and analyzing key performance metrics to ensure targets and goals are being met. The candidate will participate in a range of analytical and data analysis activities which will enhance departmental understanding of profit, growth, retention, and operational results of assigned states, leading to sustained long term profitable growth and maintaining the highest levels of service to our customers.
Job Responsibilities:
- Review and report on market share and activities of competitors within assigned states.
- Provide insights and trends in the marketplace.
- Generate regular reporting on key performance indicators.
- Leads strategic projects in support of product management and assists in preparing presentations for business leaders.
- Develop competitive models and analysis utilizing data and analytical skills resulting in dashboard and ad hoc reports.
- Compiles, cleans, organizes, and analyzes complex data to understand and communicate business results.
- Conduct presentations as required.
- Review financial results with business leaders, providing insights into results relative to expectations.
- Performs other duties as assigned.
Required Qualifications and Experience:
- Familiarity in data science tools and available systems (SQL, SAS, PowerBi or similar, Office suite) is a plus.
- Bachelor’s degree required in Mathematics, Statistics, Finance, Business, Economics, or related field.
- Excellent analytical and problem-solving abilities
- High level of intellectual curiosity
- Ability to drive strategic direction and take initiative.
- Effective communicator (verbal and written)
- Demonstrated innovative thinking.
- Strong attention to detail
- The desire to work collaboratively in a team environment.
The Salary for an Entry Level start is $68,711, but higher compensation is possible based on experience.
Team members receive a competitive Total Rewards package, including but not limited to a 401(k) with employer match up to 8% and additional service-based contributions, Health, Dental, and Vision insurance, Life and Disability coverage, generous PTO, Paid Sick Leave, and paid parental leave in addition to state-mandated leave. Employees may also be eligible for discretionary bonuses.
Legal Disclaimer: NJM is proud to be an equal opportunity employer. We are committed to attracting, retaining and promoting a diverse and inclusive workforce that is fully representative of the diversity that exists in the communities in which we do business.
What We Do
NJM is among the Mid-Atlantic's leading property and casualty insurers. Founded in 1913, NJM's mission is to provide value-based insurance solutions to its policyholders with the highest levels of service, integrity, and financial stewardship. The Company operates in a mutual fashion for the exclusive benefit of its policyholders. Headquartered in West Trenton, NJ, with offices in Hammonton and Parsippany, NJM employs nearly 2,500 workers.
- 2019-2023 Forbes Best In-state Employer (Ranked #11 out of 89 NJ employers in 2023)
- 2018, 2019, 2020, 2021, certified by J.D. Power for providing "An Outstanding Auto Claims Experience" for personal lines customers*
- 2018, 2019, & 2020 Clearsurance Customers’ Choice Top Ranked Insurance Companies
- 2021 American Heart Association Gold Level Workplace Health Achievement
- 2020 American Heart Association Silver Level Workplace Health Achievement
- 2019 Forbes Best Mid-size Employers in the country
*J.D. Power Auto Claims Certification Program℠ recognition is based on successful completion of an audit, exceeding a customer experience benchmark through a survey of recent claims servicing interactions, and a Financial Strength rating. For more information, visit jdpower.com.
