Product Management Analyst

Product Management AnalystSafety Insurance Main Office - Boston, MA 02110OverviewSalary Range $66,000.00 - $90,000.00 Salary Level Experienced Position Type Full Time Job Shift Day Education Level Bachelor's Degree Travel Percentage None Category InsuranceBenefits of Working for SafetySafety Insurance is proud to be one of the leading property and casualty insurance providers in Massachusetts. We are committed to supporting independent agents and their customers through our unwavering dedication to excellence. Our success is built on a simple philosophy: deliver the highest quality insurance products at competitive rates while providing exceptional service at every step.At Safety Insurance, we don't just offer jobs – we offer careers that are challenging, fulfilling, and designed to grow with you.Our people are our greatest asset. A diverse workforce makes us stronger, more innovative, and better equipped to serve our customers. At Safety, we empower our employees to be their best by fostering an inclusive environment and offering resources that support their careers, education, and families. We also understand the importance of work-life balance. That's why we offer hybrid work options, flexible schedules, and a 37.5-hour workweek. Conveniently located in the heart of Boston's financial district, our downtown office is a positive space where employees can stay connected to both each other and the pulse of the city.Safety's benefits go beyond the basics. In addition to competitive salaries, our comprehensive benefits package includes:Medical, vision, and dental insurance3 weeks accrued PTO100% matching 401(k) retirement plan100% tuition reimbursementFree on-site fitness centerComplimentary coffee and breakfast service…and much more!Job SummaryThe Product Analyst is responsible for supporting the development, management, and profitability of Safety's insurance products. This role will work closely with the MIS, Underwriting, Actuarial, Marketing, and Claims departments to oversee filing projects from the research phase through implementation. The Product Analyst will research and analyze competitive market trends, regulatory requirements, product performance, and agent/customer needs to identify opportunities for product enhancements and profitable growth. This role has the unique opportunity to drive pricing and non-pricing decisions through strategic product initiatives.Duties:Conduct research on competitor products, pricing structures, underwriting guidelines, coverage offerings, and market positioning; assess opportunities and potential risksMonitor industry developments, emerging risks, and market trends and be aware of legislative changesRegulatory Filings & CompliancePrepare and manage rate, rule and form filings with state insurance departmentsCorrespond with the insurance departments as necessary, and respond to filing objectionsProduct Management CollaborationMaintain knowledge of products offered in MA, NH, and ME, and understand the markets in each stateAnalyze research and formulate recommendations for both new products and enhancements to existing productsAssist with the design, implementation, and maintenance of products, coverages, endorsements, forms and underwriting rulesSupport testing and implementation of system enhancements related to products changesTrack filing project key dates to ensure product and rate changes are implemented on timeTrack product performance data and translate into actionable insights for product improvementPartner with underwriting and operations teams to identify potential vendor solutions, manage testing and validation of new tools and services, assess potential business benefits, and develop recommendations to support underwriting strategy and performanceCollaborationParticipate in all rate and product filing project meetings, as well as strategy/pricing meetings and present product recommendations to upper managementWork closely with the MIS and Actuarial teams to communicate business requirements and implement rate and product filing changesQualifications:Required QualificationsBachelor's degree in Business, Finance, Economics, Data Analytics, or a related fieldAdvanced proficiency in Microsoft Excel and data analysis techniques5+ years in the Property & Casualty insurance industry with prior experience in underwriting, claims, product development, or an analytical roleProficiency in research and analysisStrong organizations, problem-solving, and analytical abilitiesExcellent written, verbal, and presentation skillsPreferred Qualifications:Prior project management experienceExperience with data analytics tools, including familiarity with SQL or PowerBIWork closely with the MIS and Actuarial teams to communicate business requirements and implement rate and product filing changes