Senior Product Analyst - IA State Management

33872 We are Farmers – where ambition meets opportunity. At Farmers, we’re not just known for unforgettable jingle – we’re a team with a passion for purpose and making a real difference in people’s lives. We deliver peace of mind when it matters most. Our results-driven, high-performance culture thrives on creativity, accountability and bold solutions. Here, growth isn’t just a goal – it’s a way of life for both the organization and every individual on our team. We tackle challenges head-on, learn from every experience and measure our impact on the customers who trust us. Join an award-winning, equal opportunity employer, where you’ll find more than a job – you’ll find a supportive community. Enjoy competitive benefits, take part in meaningful volunteer projects, and help shape the future alongside talented colleagues across all backgrounds. At Farmers, helping others is at the heart of what we do. Ready to make your mark? Discover our vibrant culture and explore career opportunities at www.Farmers.com/careers/corporate . Connect with us on Instagram , LinkedIn and TikTok , and let’s build something incredible together! Workplace: Hybrid ( #LI-Hybrid ), Remote ( #LI-Remote ) Farmers believes in a culture of collaboration, creativity, and innovation, which thrives when we have the ability to work flexibly in a virtual setting as well as the opportunity to be together in person. Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered. About this role... This position will provide analysis that supports the profit, loss (P&L) and growth for assigned market or product. The role works within a team working on specific market or CW analyses that is responsible for driving profitable growth of the business. The role focuses on pricing, segmentation, and complex analytics to develop market or product strategy. This role provides recommendations for rate setting to drive our business results. This position requires natural curiosity, being comfortable with unstructured problem solving and dealing with ambiguity. What you'll accomplish... Provides analytical support that informs product, pricing, rule, and underwriting recommendations. Partners with Product Managers and Associate Product Managers to evaluate performance drivers and assess opportunities for profitable growth. Build analytical tools, summaries, and visuals to support decision making; influences outcomes through data driven recommendations. Demonstrates an understanding of marketplace insights, competitive intelligence, and regulatory issues to inform the management and design of products. Understand the pricing and underwriting of competitor products in support of analyzing the performance of the business relative to the market and industry. Demonstrates expertise in pulling and analyzing data, building analytical tools, and creating summarized views and visualizations to inform conclusions. Triangulates insights across multiple data sources to recommend solutions to unstructured problems with direction and guidance. Utilizes information to develop and communicate recommendations for product, rule, rate or underwriting changes which directly drives profit and growth of the business. Self-motivated with a proven ability to identify barriers to profitability and growth. Presents, informs and influences recommendations to leaders and business partners regarding proposed product and pricing changes or new products. Supports state‑level rate filings and regulatory interactions by preparing analysis, documentation, and insights. Education needed... High School Diploma or equivalent High school diploma or equivalent required. Bachelor's degree in business or related fields such as mathematics, physics, engineering, economics, finance, statistics, accounting, or actuarial science preferred. Experience needed... Minimum 3 years of experience in US property & casualty (P&C) in a pricing or actuarial role; or related experience preferred. Experience interacting with Departments of Insurance, agents, and distribution/sales preferred. Note: Candidate qualifications may be reviewed against the requirements for the associated levels of this position's core function. Salary grade will be based on selected candidates' experience and skills. Special Skill needed... Demonstrates strong product knowledge. Understands principles of P&C pricing and underwriting. Understands key indicators of product health. Understands how to review and assess competitor product positioning and go to market strategies. Excellent interpretation of complex statistical data. Demonstrated analytical skills Demonstrated ability to communicate nuanced concepts in a straightforward way. Possesses strong technical aptitude. Experience in Excel required. Proficiency in programming languages and tools, such as Python, R, and SQL preferred. Effective interpersonal skills: has the ability to work in teams, embraces collaboration and networking Demonstrated strategic thinking and business acumen. Physical Actions Required job duties are essentially sedentary work consisting of occasional walking, standing, and lifting and/or carrying 10 lbs maximum, and seeing. Physical Environment Required job duties are normally performed in a climate- controlled office environment. Benefits Farmers offers a competitive salary commensurate with experience, qualifications and location. o CA Only: $81,375 - $137,940 o CO Only: $76,275 - $119,350 o HI/IL/MN/VT Only: $76,275 - $127,490 o MA Only: $76,275 - $127,490 o MD Only: $76,275 - $127,490 o DC/NJ/NY/OH Only: $76,275 - $137,940 o Albany County, NY/Cleveland, OH: $81,375 - $119,350 o WA Only: $80,168 - $144,875 Bonus Opportunity (based on Company and Individual Performance) 401(k) Medical Dental Vision Health Savings and Flexible Spending Accounts Life Insurance Paid Time Off Paid Parental Leave Tuition Assistance For more information, review “What we offer” on https://www.farmers.com/careers/corporate/#offer Job Location(s): R_US - United States Anticipated application deadline: At Farmers, the recruitment process is designed to ensure that we find the best talent to join our team. As part of this process, we typically close open positions within 8 to 21 days after posting. If you are interested in any of our open positions, we encourage you to submit your application promptly. Farmers will consider for employment all qualified applicants, including those with criminal histories, in accordance with the Los Angeles Fair Chance Initiative for Hiring Ordinance or other applicable law. Pursuant to 18 U.S.C. Section 1033, Farmers is prohibited from employing any individual who has been convicted of any criminal felony involving dishonesty or a breach of trust without prior written consent from the state Department of Insurance. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. Farmers is an Equal Opportunity Employer and does not discriminate in any employer/employee relations based on race, color, religion, gender, sexual orientation, gender expression, genetic information, national origin, age, disability, marital status, military and veteran's status, or any other basis protected by applicable discrimination laws. Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram , LinkedIn , and TikTok . Spokane, WA only: Residents who prefer not to provide their address click here to submit your resume via email: [email protected]