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American Modern Insurance Group

Product Analyst I

American Modern Insurance Group, Amelia, Ohio, United States, 45102

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Title: Product Analyst

Location: current schedule is hybrid (40-50% in the Amelia, Ohio office)

Please add a cover letter with details if you are not local and plan to relocate for the hybrid schedule

Recruiter: Sonya Fischesser

Exempt position

Applicants requiring employer sponsorship of a visa will not be considered for this position.

American Modern Insurance Group, Inc., a Munich Re company, is a widely recognized specialty insurance leader that delivers products and services for residential property – such as manufactured homes and specialty dwellings – and the recreational market, including boats, personal watercraft, classic cars, and more. We provide specialty product solutions that cover what the competition often can’t. We write admitted products in all 50 states and have a premium volume of $2.2 billion.

Headquartered in Amelia, Ohio, and with associates located across the United States, we are part of Munich Re’s Global Specialty Insurance division. Our employees receive boundless opportunity to grow their careers and make a difference every day - all in a flexible environment that helps them succeed both at work and at home.

Purpose The Product Analyst supports the Line of Business (LOB) pod by delivering analytical and operational expertise across rate, form, rule, and regulatory-driven initiatives. This role informs product strategy through internal performance analysis and external market insights. At higher levels, Product Analysts lead competitive and market intelligence efforts, helping guide pricing, coverage design, and product positioning to support profitability and growth.

Roles & Responsibilities Pricing, Modeling & Product Development

Price and execute limited, full, complex, form, and rule product reviews, including development of filings, rules, algorithms, and supporting exhibits

Partner with Predictive Modeling to determine support and selection for new pricing models

Apply actuarial concepts, business intent, and proposal materials to evaluate and recommend rating structures

Develop and maintain countrywide filing support documentation for new models and product changes

Create product forms using proposed language and complete marketing materials for approved revisions

Performance Analysis & Strategy Support

Analyze product performance across rate, retention, and loss ratio metrics to identify improvement opportunities

Collaborate with Actuarial, Finance, and Underwriting to support performance tracking and product optimization

Produce dashboards and reporting tools to support decision-making by the LOB Lead and Product Manager

Market Intelligence & Competitive Analysis

Conduct state-specific and national competitor research to assess pricing strategies, coverage offerings, form design, and market positioning

Identify and track emerging trends in underwriting, rate actions, and market shifts to inform product strategy

Provide strategic recommendations based on market intelligence and competitive benchmarks (Higher-level Product Analysts lead this function and guide related tactical decisions.)

Quality & Compliance

Manage and align product and underwriting rule changes across stakeholders prior to release

Conduct peer reviews to uphold analytical accuracy and documentation quality

Support audit functions, including data validation and compliance review activities

Follow PDLC processes and support continuous improvement in workflows and product operations

Technical Skills

Strong command of Excel (including macros), MS Office Suite applications, and computer systems

Knowledge of data gathering and manipulation techniques and tools such as Access, SQL

Strong analytical abilities including mathematics and statistical concepts

Use of RADAR for impact, rate structure, quality and market analysis

Education, Certifications & Designations Required: Bachelor’s degree Business, Accounting, Finance or similar field

Preferred: MBA or similar advanced degree, CPCU and/or FCAS

Benefits

Two options for your health insurance plan (PPO or High Deductible)

Prescription drug coverage (included in your health insurance plan)

Vision and dental insurance plans

Short and Long Term Disability coverage

Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children)

Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)

A robust 401k plan with up to a 5% employer match

A retirement savings plan that is 100% company funded

Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries

Eligibility to receive a yearly bonus as a Munich Re employee

A variety of health and wellness programs provided at no cost

A hybrid environment that gives you a choice in where and how you get work done

A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop

An on-site complimentary workout facility as well as walking trails on campus grounds

On-site wellness center complete with nurse practitioner

Financial assistance for adoptions and infertility treatment

Paid time off for eligible family care needs

Tuition assistance and educational achievement bonuses

Free parking

A corporate matching gifts program that further enhances your charitable donation

Paid time off to volunteer in your community

At American Modern, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Seniority level Mid-Senior level

Employment type Full-time

Job function Product Management

Industries Insurance

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