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Product Analyst I

Capgemini is seeking a highly motivated and detail-oriented Product Analyst for a top 10 US Insurance Carrier.

In this position you will be responsible for building the tools necessary for rate revision (auto, home, umbrella). This involves understanding the Personal Lines products and rating structures, historical rate changes and state-specific information, and also possessing excellent technical skills, communication skills and attention to detail.

Our Client is one of the United States’ largest insurers, providing a wide range of insurance and financial services products with gross written premium well over US$25 Billion (P&C). They proudly serve more than 10 million U.S. households with more than 19 million individual policies across all 50 states through the efforts of over 48,000 exclusive and independent agents and nearly 18,500 employees. Finally, our Client is part of one the largest Insurance Groups in the world.

English Proficiency: Fluent

Work Experience: Minimum Required: 1-3 years; Preferred: 4+ years

Required Education: Bachelor's degree; Preferred: Master's degree

Required Branches of Study: Actuarial Sciences, Finance, Economics, Mathematics, data analytics, statistics.

Data Analysis: Minimum: Intermediate; Advanced strongly preferred.

Market Strategies: Collaborate and recommend, Lead business management, Implement state initiatives

Product and Industry Knowledge: Solid property and casualty knowledge, understands coverages and exposures, knows rating and underwriting

Skills

  • Excellent PC skills, specifically Excel (experience with VLOOKUP, Pivot tables a must)
  • Proficient verbal/written communication skills
  • Good data/technical skills
  • Solid mathematics/analytical skills
  • Driven and willing to learn
  • Act with a sense of urgency
  • Excellent attention to detail
  • SQL/Snowflake and/or SAS basic proficiency.

Competitive compensation and benefits package:

  1. Competitive salary and performance-based bonuses
  2. Comprehensive benefits package
  3. Career development and training opportunities
  4. Flexible work arrangements (remote and/or office-based)
  5. Dynamic and inclusive work culture within a globally renowned group
  6. Private Health Insurance
  7. Pension Plan
  8. Paid Time Off
  9. Training & Development

Note: Benefits differ based on employee level.

About Capgemini

Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of over 340,000 team members in more than 50 countries. With its strong 55-year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group €22.5 billion in revenues in 2023.

https://www.capgemini.com/us-en/about-us/who-we-are/

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Average salary estimate

$70000 / YEARLY (est.)
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$60000K
$80000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Product Analyst I, Capgemini

Capgemini is on the hunt for a passionate and detail-driven Product Analyst I to join our team, focusing on a top 10 US Insurance Carrier. In this dynamic role, you will have the exciting opportunity to build essential tools for rate revisions across various personal lines products, including auto, home, and umbrella insurance. As a Product Analyst I at Capgemini, you'll dive deep into understanding the ins and outs of our Personal Lines products and their unique rating structures. You'll analyze historical rate changes while considering state-specific regulations, all while showcasing your excellent communication skills and unwavering attention to detail. Our client, one of the largest insurers in the United States, offers a vast range of insurance and financial services, with over $25 billion in gross written premium. Working alongside a team of nearly 18,500 employees, you'll be contributing to the efforts of more than 48,000 agents serving over 10 million U.S. households. To thrive in this role, you’ll need at least 1-3 years of relevant experience, ideally with a Bachelor’s degree in Actuarial Sciences, Finance, or a related field. Proficiency in Excel, especially with VLOOKUP and pivot tables, is a must, along with strong data analysis skills. Capgemini offers a competitive salary and a comprehensive benefits package that includes flexible work arrangements, training opportunities, and a collaborative work culture. If you enjoy tackling challenges and have a sense of urgency, this role is perfect for you!

Frequently Asked Questions (FAQs) for Product Analyst I Role at Capgemini
What are the responsibilities of a Product Analyst I at Capgemini?

As a Product Analyst I at Capgemini, your main responsibilities will include building tools for rate revisions in personal lines insurance such as auto, home, and umbrella. You'll analyze personal lines products, understand rating structures, and evaluate historical rate changes in line with state-specific regulations.

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What skills are required for the Product Analyst I position at Capgemini?

The Product Analyst I position at Capgemini requires excellent skills in Excel, including experience with VLOOKUP and pivot tables. Strong verbal and written communication skills, a good grasp of data analysis, and attention to detail are also crucial for success in this role.

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What qualifications do I need to apply for the Product Analyst I at Capgemini?

To apply for the Product Analyst I role at Capgemini, candidates typically need a Bachelor’s degree in Actuarial Sciences, Finance, Mathematics, or related fields. While a minimum of 1-3 years of experience is required, having 4+ years would be preferred.

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Is there room for career growth in the Product Analyst I role at Capgemini?

Yes, Capgemini places a strong emphasis on career development and training opportunities. As a Product Analyst I, you can advance your skills and take advantage of various paths for growth within the organization.

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What type of work culture can I expect as a Product Analyst I at Capgemini?

As a Product Analyst I at Capgemini, you can expect a dynamic and inclusive work culture that values collaboration and innovation. The company is committed to harnessing the power of technology to create an inclusive and sustainable future.

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Common Interview Questions for Product Analyst I
What strategies would you use to analyze rate changes in personal lines insurance?

When analyzing rate changes in personal lines insurance, I would first gather and review historical data, assessing the impact of previous changes on profitability. I would also consider current market trends and regulatory factors, followed by collaborating with stakeholders to understand their insights.

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How do you prioritize tasks when working under tight deadlines?

When facing tight deadlines, I prioritize tasks by evaluating their urgency and importance. I would create a to-do list, breaking down larger projects into manageable steps, allowing me to focus on high-impact tasks first while maintaining attention to detail.

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Can you describe your experience with data analysis tools?

I have experience with several data analysis tools, including Excel, where I utilized functions like VLOOKUP and pivot tables for data manipulation. Additionally, I'm familiar with SQL and basic proficiency in SAS, which I apply to extract and analyze large datasets effectively.

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How do you ensure accuracy in your work?

To ensure accuracy, I always double-check my calculations and methodologies. I also engage in peer reviews and seek feedback from colleagues. Using systematic processes and documentation helps me keep track of each step, promoting accuracy.

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How do you adapt to new technologies or tools in your role?

I embrace change by staying curious and committed to learning. I proactively seek out resources like online courses or tutorials to familiarize myself with new tech quickly, and I'm not afraid to ask for help from colleagues who are more experienced.

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What role does communication play in your work as an analyst?

Communication is vital in my role as an analyst. It helps in sharing insights clearly, collaborating with team members, and understanding client needs. I make sure to convey complex information simply and remain open to feedback.

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Describe a time when you dealt with a challenging analysis project.

In a previous role, I tackled a complex project analyzing customer retention rates. I met challenges with conflicting data sources, which I resolved by creating a clear data cleaning process, ultimately delivering actionable insights to my team.

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Why do you want to work as a Product Analyst I at Capgemini?

I'm excited about the opportunity to work as a Product Analyst I at Capgemini due to the company's innovative approach and focus on harnessing technology for positive change. I believe my analytical skills align well with the company’s goals in the insurance sector.

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How do you stay updated on trends in the insurance industry?

I stay updated on trends in the insurance industry by following relevant news sites, subscribing to industry publications, and participating in webinars. Engaging with professional networks also keeps me informed about the latest developments.

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What do you think is the most crucial quality for a Product Analyst?

I believe attention to detail is the most crucial quality for a Product Analyst. It ensures accuracy in analysis and results, which significantly impacts decision-making processes and recommendations.

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Capgemini partners with companies to transform and manage their business by unlocking the value of technology.

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Full-time, hybrid
DATE POSTED
December 13, 2024

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