Senior Insurance Product Analyst I

Posted 4 Days Ago
Be an Early Applicant
2 Locations
In-Office or Remote
52K-158K Annually
Senior level
Insurance
The Role
Analyze insurance sales, claims, and other metrics to support pricing and product/state management. Develop statistical analyses, model underwriting/pricing practices, present findings, and recommend solutions to stakeholders to inform business strategy.
Summary Generated by Built In

Why Join GEICO?

At GEICO, we offer a rewarding career where your ambitions are met with endless possibilities.

 

Every day we honor our iconic brand by offering quality coverage to millions of customers and being there when they need us most. We thrive on relentless innovation to exceed our customers' expectations while making a real impact on local communities nationwide.

 

Founded in 1936, GEICO is a member of the Berkshire Hathaway family of companies and one of the largest auto insurers in the United States. When you join our company, we want you to feel valued, supported, and proud to work here. That's why we offer the GEICO Pledge: Great Company, Great Culture, Great Rewards, and Great Careers.

Senior Insurance Product Analyst

*Must have have experience with Pricing or Product/State Management Analytical experience in the INSURANCE INDUSTRY. *

Do you love to solve problems? Do challenging analytical questions keep you up at night? Do you want to have a career with a focus on development and intellectual growth on a growing team that provides ample opportunity for upward mobility? We are looking for bright and driven individuals to join our Commercial Auto Insurance Product Management team at GEICO!

Insurance Product Management is essential to GEICO’s continued success. The duties consist of analyzing complex business problems and key performance measures, understanding the drivers of performance, helping develop solutions to problems, and much more! Insurance Product Analysts are motivated, self-driven, and excellent analytical thinkers. As an Insurance Product Analyst, in addition to working with peers and management, you can expect to work closely with our partners in other areas of the business unit. You will do more than crunch numbers – you will be active in determining business strategies, educating management on our results, and communicating across departments to ensure company success. Your work as an Insurance Product Analyst will inform a wide range of critical business decisions.

As an Insurance Product Analyst, you will:

  • Develop, prepare, and interpret statistical analyses of insurance sales, claims experience, or other key business metrics to help support strategic decisions within the business unit

  • Develop, interpret, and present analysis and proposals to various stakeholder groups to help solve mid to high level business problems in pursuit of company goals

  • Employ basic statistical techniques to model various underwriting and pricing business practices

Candidate Qualifications and Skills:

  • Bachelor’s degree in Economics, Business, Math, Statistics, Data/Business Analytics, or other relevant quantitative field of study OR Bachelor’s degree in any field of study plus prior experience

  • Proven analytical, problem-solving, and decision-making abilities

  • Highly effective communication skills

  • Intermediate to advanced skills in Excel

  • Basic to intermediate proficiency with data analysis software like R, SAS, Python, or Power BI

  • Ability to work independently given general direction and to thrive in a team environment that is constantly changing

  • Ability to handle multiple concurrent priorities, providing accurate and timely results

  • Intellectual curiosity to learn and ability to ask insightful questions

  • Effective time management, attention to detail, communication, and organizational skills

  • Previous experience in auto insurance. Experience specifically in Commercial Auto is a plus


 

Annual Salary

$52,275.00 - $157,850.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.


 

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

The GEICO Pledge:

Great Company: Protecting customers through life’s twists and turns with innovation and integrity.

Great Careers: Personalized development programs, mentorship, and certification assistance.

Great Culture: Inclusive and collaborative culture rooted in shared success.

Great Rewards: Competitive pay, benefits, and flexibility to support your well-being and future.

 

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

 

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.

Skills Required

  • Experience with Pricing or Product/State Management
  • Analytical experience in the insurance industry
  • Bachelor's degree in Economics, Business, Math, Statistics, Data/Business Analytics, or relevant quantitative field (or bachelor's in any field plus prior experience)
  • Proven analytical, problem-solving, and decision-making abilities
  • Highly effective communication skills
  • Intermediate to advanced skills in Excel
  • Basic to intermediate proficiency with data analysis software (R, SAS, Python, or Power BI)
  • Ability to work independently and thrive in a changing team environment
  • Ability to handle multiple concurrent priorities and deliver accurate, timely results
  • Intellectual curiosity and ability to ask insightful questions
  • Effective time management, attention to detail, and organizational skills
  • Previous experience in auto insurance
  • Experience specifically in Commercial Auto

GEICO Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about GEICO and has not been reviewed or approved by GEICO.

  • Healthcare Strength Healthcare coverage is described as comprehensive, spanning medical, prescription, behavioral health, dental (including orthodontia), and vision options with multiple plan types. Wellness resources, HSAs/FSAs, and related programs add breadth to the core health offering.
  • Retirement Support Retirement support includes a 401(k) with an employer match, and the match level is still characterized as good even after adjustments. Access to a credit union and financial education tools further strengthens the overall retirement/financial support picture.
  • Flexible Benefits Work-life programs provide flexibility through hybrid scheduling and limited remote-work options, alongside a broad menu of ancillary benefits such as commuter pre-tax programs, employee discounts, and charitable gift matching. Education support via tuition assistance and scholarships adds additional optionality for different needs.

GEICO Insights

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The Company
HQ: Chevy Chase, MD
26,259 Employees
Year Founded: 1936

What We Do

We know you know GEICO, but we want you to know that with us, you’ll find a rewarding career no matter which path you take. Our over 40,000 associates have been unexpectedly delighted to find that their jobs have turned into illuminating careers. You know us for insurance. Get to know us for great careers, too.

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