Competitive Analyst (Hybrid)

NYCM Insurance is seeking a Competitive Analyst to plan, design, and maintain competitive market analysis. The role involves collaborating with colleagues to provide insights into pricing, products, and financial strategies while supporting cross-divisional objectives.

Responsibilities

• Research, develop, and program rating engines and tier algorithms across multiple carriers in programs such as SAS and Radar
• Collaborate with team members and divisional partners in a data gathering capacity to retrieve, structure, and cleanse internal and external data for competitive analysis
• Run, modify, and customize existing database queries and programs against multiple data sources with various applications including Business Objects, Crystal Reports, SAS, Radar, and CART building efficiencies when feasible
• Conduct ad hoc data retrieval and analysis in support of LOB initiatives
• Compile and present summarized findings from CMA as well as other analysis projects
• Develop market surveillance by continuously researching, collecting, and analyzing industry trends and marketplace information through SNL, AM Best, and other industry publications
• Profile key competitors including, but not limited to business strategies, services, technology, claim practices, and brand messaging
• Deliver timely overviews on new insights, trends, considerations, and opportunities to formulate recommendations for LOB growth and profit initiatives such as rate changes
• Work with vendors to develop and maintain competitive databases and information
• Other duties as assigned
• Build on presentation and analysis skills as well as business understanding through internal and external coursework
• Continuously refine and strengthen technical capabilities

Skills

• Bachelor's degree with an emphasis in finance, mathematics, accounting, economics, statistics, or a related field
• 1-year insurance or research-related field with an associate degree
• No experience with a bachelor's degree
• Strong computer skills and knowledge of applications including the Microsoft Suite with attention to Excel
• Ability to create, manipulate and formulate spreadsheets and databases
• Ability to distill, structure, and draw insight from large amounts of data
• Excellent written and oral communication skills
• Ability to learn and retain new concepts, processes, and applications
• Ability to work in an open team environment
• Ability to multi-task in a fast-paced environment
• Good organization and priority setting skills
• Ability to effectively research, collect, and organize information to help with decision making
• Effective teamwork skills

Company Overview