Product Management Analyst Job in Smithtown 11788, New York US
The Allstate Corporation is the nation's largest publicly held personal lines insurer. A Fortune 100 company, with $156
billion in assets it sells 13 major lines of insurance, including auto, property, life and commercial. Allstate also offers
retirement and investment products. It is widely known through the "You're in Good Hands with Allstate" slogan and
newly created "Mayhem" advertisement campaign. Allstate was founded in 1931 and became a publicly traded company
in 1993.
This position resides in the Field Product Management department which is a part of the New York Regional office at
Allstate. The primary goals of the department are to support and drive profitable growth and increase market share
in the NY Region. This is being driven through specific price/product/risk management initiatives, market intelligence,
local market planning and policy adherence. The scope of this position is to lead and support margin management
analysis through the monitoring and communication of key profitability measures by line and quality. The candidate
will be responsible for root cause analysis, development of strategies, execution and communication of results using all
available tools and resources.
Responsibilities:
- Analyze line results at a company and segment level to establish realistic and effective Risk Management Policy
- Assist with the design and execution of regional Risk Management Policy and process.
- Rely on knowledge of rating plan development, pricing strategies and product development in developing and
consulting on underwriting strategies.
- Execution of complex projects using accepted project management standards that include effective requirement
gathering skills and working well with others.
- Continuous improvement of existing Underwriting / Product Operations applications.
- Translation of underwriting concepts into logical design documentation for communication and execution.
- Analyzing and interpreting business results, as well as demographic, economic, and competitor data to identify
segments or markets with highest potential for growth.
- Perform detailed analyses on profitability and causes of margin pressure
- Develop, communicate, and gain alignment on recommendations to positively impact profitability within a given state
and line of business
- Maintain key relationships with other departments that directly influence results
- Collaborate and interface with other departments and field/territory contacts for the improvement of financial results in
NY.
- Monitor the results of implemented initiatives
- Monitor new business trends to assess quality and effectiveness, as well as identify emerging issues