Senior Insurance Product Analyst - job 1 of 2

As a Senior Insurance Product Analyst at Steadily, you'll focus on identifying, designing, and implementing new opportunities for our rental property insurance programs. Your responsibilities will include enhancing existing product forms, analyzing profitability drivers like loss ratios and trends, and assisting with regulatory filings. You'll also play a vital role in developing data-driven plans to improve performance and collaborating cross-functionally to ensure initiatives are successful.

To be considered for the Senior Insurance Product Analyst role at Steadily, you should have at least three years of experience in insurance compliance, with a strong preference for those with property, underwriting, or product experience. A builder’s mindset will serve you well, along with top-notch communication and analytical skills. Regulatory experience is essential, and an eagerness to work within a fast-paced tech startup environment is key.

At Steadily, the total compensation package for the Senior Insurance Product Analyst role is approximately $130,000 annually, including a base salary of $120,000. Additionally, you’ll receive equity in the company, 3 weeks of PTO plus federal holidays, comprehensive health insurance covering medical, dental, and vision, and a 401K plan. We also promote a fun work environment with regular team snacks and lunches!

Steadily offers a unique and supportive work environment where you'll be in the office four days a week, with options for remote work. With a culture that promotes transparency and fun, you'll work alongside experienced founders and top-tier professionals. Everyone is encouraged to wear multiple hats, allowing for greater involvement in product decisions and company development, making your contributions impactful.

The culture at Steadily is vibrant, candid, and collaborative. We value our diverse team and strive to create an inclusive atmosphere where everyone's input matters. Our focus on having a good time while working hard has garnered us awards in leadership and inclusivity. As a Senior Insurance Product Analyst, you will thrive in an environment that recognizes your contributions while pushing for growth and innovation.

To answer this, consider structuring your response around a specific scenario where you took initiative to implement a product. Highlight the steps you took, including identifying the need, gathering feedback, and the outcomes. Use data to illustrate success and demonstrate your ability to work cross-functionally, emphasizing your builder’s mindset that aligns well with the Senior Insurance Product Analyst role at Steadily.

In your response, detail your methodical approach to analyzing data. Discuss how you would look at loss ratios, actuarial indications, and market trends. Mention specific tools or software you use to assist in your analysis, as well as how you translate data into actionable insights that can improve the product’s performance—key elements for a Senior Insurance Product Analyst's role at Steadily.

Share specific instances where you've engaged with regulatory filings, detailing your familiarity with SERFF and other related systems. Explain your understanding of the compliance landscape and how your past experiences equip you to handle the regulatory aspects of the Senior Insurance Product Analyst position effectively.

Focus on your proactive communication strategies and relationship-building skills. Describe how you keep teams informed, manage expectations, and foster a collaborative environment to achieve common goals. Illustrating your teamwork approach is vital for a role that requires coordination between different departments at Steadily.

Discuss your analytical skills and how you leverage insights from data to inform your strategies. Emphasize your attention to detail and ability to set measurable goals. Share examples where your data-driven action plans have successfully improved the performance of an insurance product, showcasing your readiness for the Senior Insurance Product Analyst role at Steadily.

Outline your experience with creating new endorsement drafts within insurance products. Walk through your process, from analyzing existing endorsements to understanding the stakeholders involved and incorporating feedback. Highlight any successful drafts that positively impacted product offerings, showcasing your fit for this Senior Insurance Product Analyst position.

Articulate your passion for technology and innovation in the insurance space. Explain how working in a startup environment aligns with your personal and professional growth goals and how you appreciate the opportunity to take on diverse responsibilities that can directly influence the company’s success. Tailoring your answer to the specific culture at Steadily can have a positive impact.

Choose a relevant challenge from your experience that showcases your critical thinking and problem-solving skills. Discuss the steps you took to evaluate the problem, the solutions you proposed, and the outcome. This is a great opportunity to demonstrate your analytical prowess and ability to take a project from inception to successful implementation, qualities desired in a Senior Insurance Product Analyst.

Emphasize that effective communication is crucial for conveying complex information clearly to stakeholders and ensuring all team members are aligned with product goals. Give examples of how your communication skills have aided projects in the past, particularly in areas involving technical specifications or regulatory compliance, underscoring your understanding of the role at Steadily.

Identify core components such as thorough market research, collaboration with engineering and compliance teams, clear communication, and robust testing before the launch. Reinforce that your holistic understanding of product development, performance tracking, and adjustments post-launch can significantly contribute to the success of Steadily's insurance products.