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Commercial Property Product Consultant, Market & Competitor Analysis

Company Description

We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.

Job Description

About the Day to Day Responsibilities of the Role

  • Lead market analyses, identifying potential opportunities or gaps and areas of focus
  • Understanding and communicate the competitive landscape
  • Proactively engage in customer feedback and iteration sessions to validate/uncover product innovations and enhancements; action this feedback quickly
  • Build and strengthen customer relationships
  • Identify business needs and market insights; translate data into business cases that further Verisk’s market position
  • Refine and reiterate effective messaging and positioning of the solution’s value proposition with all segmentations of customers, including both large and small carriers, from underwriter to C-Suite level stakeholders
  • Liaise with product development (coverage, actuarial, and analytics), marketing, customer engagement, pricing, project management, sales, executives, and other cross-functional team members to ensure solution delivery driven by customer needs
  • Partner with writing and marketing teams to provide industry thought leadership through white papers, articles, presentations, conferences, and customer conversations

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Qualifications

About You and How You Can Excel in this Role

  • 5 to 10 years underwriting, actuarial, or insurance product development/product management experience in Commercial Property
  • Strong operating understanding of the Commercial Property insurance market/industry
  • Ability to dive into product and market details and data, and to zoom out/communicate broad concepts to stakeholders and executives who are not deep technical experts
  • Passionate about enabling customer success, strong business acumen, results driven
  • Excellent interpersonal, oral and written communication skills, including presentation skills. Ability to communicate effectively (verbally and in writing) with internal staff and external stakeholders
  • Comfortable speaking in front of a room full of industry executives but can also dive into the details of a challenging quantitative problem to solve customer needs
  • Strong critical thinking, analytical problem-solving and negotiating skills; business creativity is a must

Additional Information

For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed. 

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland.  We value learning, caring and results and make inclusivity and diversity a top priority.  In addition to our Great Place to Work® Certification, we’ve been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World’s Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.

We’re 7,000 people strong.  We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

 

Verisk Businesses

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions — delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement

Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disabilityVerisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

https://www.verisk.com/company/careers/

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

https://www.verisk.com/privacy-policies/data-privacy-notice-for-employees-applicants-and-independent-contractors/ 

 

 

Average salary estimate

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$150000K

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What You Should Know About Commercial Property Product Consultant, Market & Competitor Analysis , Verisk

As a Commercial Property Product Consultant at Verisk in Jersey City, NJ, you'll dive into the dynamic world of market and competitor analysis to help shape the future of the commercial property insurance sector. Your daily adventures will involve leading comprehensive market analyses to spot new opportunities and address gaps that might exist in our offerings. You'll be the voice of our customers, engaging actively to gather feedback and validate product innovations, ensuring we’re always aligning our solutions with real-world needs. Building strong relationships with customers ranging from underwriters to C-suite stakeholders will be key to your success. You'll also translate your findings into compelling business cases that enhance Verisk’s market position. Collaboration is at the heart of this role; you'll work closely with cross-functional teams like product development, marketing, and customer engagement to deliver solutions that resonate. With your background in underwriting or actuarial science, coupled with excellent communication skills, you'll excel at presenting and defending our products and strategies. This role uniquely positions you at the intersection of data, analytics, and the insurance landscape, giving you the tools to drive impactful change. Join Verisk, where your insights can help foster stronger, more resilient communities across the globe. Let’s create a better tomorrow together!

Frequently Asked Questions (FAQs) for Commercial Property Product Consultant, Market & Competitor Analysis Role at Verisk
What are the key responsibilities of a Commercial Property Product Consultant at Verisk?

As a Commercial Property Product Consultant at Verisk, your primary responsibilities include leading market analyses to identify opportunities or gaps, engaging with customers for feedback, and translating insights into business strategies that enhance our market position. You'll also collaborate closely with various teams to ensure that our solutions meet customer needs effectively.

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What qualifications do I need to apply for the Commercial Property Product Consultant position at Verisk?

To be considered for the Commercial Property Product Consultant role at Verisk, candidates should have 5 to 10 years of relevant experience in underwriting, actuarial roles, or insurance product development. An understanding of the commercial property insurance market and strong communication skills are crucial to succeed in this position.

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How does Verisk support the professional growth of a Commercial Property Product Consultant?

At Verisk, we believe in empowering our employees through ongoing training and career development opportunities. As a Commercial Property Product Consultant, you'll have access to mentorship, resources for continuous learning, and opportunities to participate in industry conferences, enhancing both your skills and expertise.

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What does the work environment look like for a Commercial Property Product Consultant at Verisk?

The work environment at Verisk is collaborative and innovative, fostering a culture of inclusivity and support. As a Commercial Property Product Consultant, you will work remotely or in a hybrid format, engaging with cross-functional teams and having flexibility in how you achieve your objectives.

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What unique challenges might a Commercial Property Product Consultant face at Verisk?

Some unique challenges for a Commercial Property Product Consultant at Verisk include navigating the complexities of market trends, understanding diverse customer needs, and effectively communicating insights to both technical and non-technical stakeholders. Staying ahead in a rapidly evolving insurance landscape also requires agility and adaptability.

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Common Interview Questions for Commercial Property Product Consultant, Market & Competitor Analysis
How do you conduct market analysis for commercial property insurance?

In responding to this question, share your methodology for conducting a market analysis, including data collection, competitor evaluation, and identifying market gaps. Be sure to highlight any analytical tools you use and discuss how your findings have driven product development decisions in your past roles.

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Can you describe a time you implemented customer feedback into a product?

Use this question to detail a specific instance where you gathered customer feedback and applied it to improve a product. Explain the process, the insights gained, the action taken, and the resulting positive impact on customer satisfaction or product performance.

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How do you ensure effective communication with non-technical stakeholders?

Discuss your approach to simplifying complex concepts for non-technical stakeholders. Provide examples of how you have tailored your communication style and tools to enhance understanding and decision-making in previous experiences.

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What strategies do you use to build and maintain customer relationships?

Outline the steps you take to nurture customer relationships, including regular communication, personalized support, and understanding their evolving needs. Share examples of success stories where a solid relationship led to business growth.

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How do you prioritize tasks when leading multiple projects?

When answering this question, explain your priority-setting strategy, mentioning any tools or frameworks you use to keep track of projects. Discuss how you balance urgent needs with long-term goals to ensure successful project delivery.

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Describe your experience with product development in insurance.

In your answer, touch on your experiences in product development, outlining specific products or initiatives you've worked on. Highlight your understanding of market needs, iterative development, and collaboration with cross-functional teams in the insurance domain.

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What do you see as the biggest trend in the commercial property insurance market right now?

Discuss current trends you’ve observed in the commercial property insurance market, such as technology integration, data analytics, or customer-centric innovations. Relate how these trends might influence product strategies at Verisk.

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How would you explain a complex quantitative problem to an executive audience?

For this response, emphasize your communication skills and ability to distill complex data into digestible insights. Share specific strategies or frameworks you use to convey important points clearly and effectively to executive-level stakeholders.

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Give an example of how you've adapted to rapid changes in the market.

Provide an example of a situation where market conditions shifted suddenly, and how you adapted your strategies or products in response. Highlight your flexibility and critical thinking skills in these fluid environments.

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What role does competitive analysis play in your approach to product consulting?

Explain how you incorporate competitive analysis into your product strategy, detailing how it informs your understanding of market positioning, helps identify gaps, and supports the development of a value proposition that meets customer needs.

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Collaboration over Competition
Growth & Learning
Transparent & Candid
Customer-Centric

To be the leading strategic data, analytics and technology partner to the global insurance industry by delivering value to our clients through knowledge, expertise and scale.

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Full-time, hybrid
DATE POSTED
December 8, 2024

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