Commercial Auto Product Analyst

Being good neighbors - helping people, investing in our communities, and making the world a better place - is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good!

Work Arrangement:

HYBRID: Qualified candidates should plan to spend time working from home and some time working in the office as part of our hybrid work environment which is defined as residing within a 100-mile radius of the Hubs and Corporate.

Hub Location(s): Bloomington, IL (Corporate); Dunwoody, GA; Richardson, TX; Tempe, AZ

Want to be part of a winning team with record growth? Business Markets' ambition is to become the U.S. small business insurer of choice. If you are passionate about understanding small business customers, removing obstacles, and providing a best-in-class product and experience - this role may be for you!

• Supports the development and execution of effective product strategies that align with business objectives. Leverages metrics, data, and insights to drive informed decision-making and enable cross-functional collaboration.
• Monitors Profit & Loss and product performance at a state and enterprise level, provides recommendations to improve profitability and identify emerging trends for future product development.
• Identify external trends and execute statistical analysis on business results to aid in shaping the vision and strategy for the product line.
• Informs the Product data and analytical needs for reporting entities that move the team toward trend identification, proactivity, and synergy.
• Effectively utilizes business intelligence data systems, financial/statistical resources and analytical software applications in the creation, display, and reproduction of charts, graphs, and other visualization techniques to aid in product-specific decision-making.
  • Proficient in BI Tooling (i.e., Power BI, Qliksense) and Microsoft Suite (especially Excel, Word, PowerPoint).
• Provides consultative guidance, expertise, strategic direction, and provides input to the organization on the assigned product.
• Serves as a key liaison between Data owners and Product Teams, effectively communicating both data and business concepts/languages across various groups.

Skill Sets

• Leverages a deep understanding of Property and Casualty Insurance Underwriting systems and processes to support the execution of impactful, strategic decisions.
• Works independently to resolve complex issues with minimal supervision.
• Applies knowledge of product development methodologies to daily tasks and responsibilities.
• Brings growth mindset to maximizing the customer experience; influences the same with business partners.
• Conducts root cause analysis to collaboratively establish business requirements for successful implementation initiatives.

Desired Experience

• Strong business and analytical skills with experience making data driven decisions.
• Knowledge of risk assessment, eligibility, and pricing.
• Ability to build relationships across various levels and areas of the organization
• Strong oral and written communication skills to build buy-in in necessary product decisions.
• Experience working in an Agile environment.
• Ability to work self-directed and be results driven while collaborating with a team to achieve successful business outcomes.
• Ability to quickly adapt to a changing environment.
• Ability to foster innovation, encourage diversity of thought and incorporate new ideas.
• Ability to navigate the organization and collaborate across business areas.
• Bachelor's Degree is preferred.

Because work-life balance is a priority at State Farm, compensation is based on our standard 38:45-hour work week!

• Potential starting salary range: $80,000.00 - 150,000.00
• Starting salary will be based on skills, background, and experience
• High end of the range limited to applicants with significant relevant experience
• Potential yearly incentive pay up to 15% of base salary

At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!

• Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
• Stay Well! Focus on you and your family's health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
• Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
• Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
• Take a Little "You" Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!
• Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
• Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!

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