Product Development Analyst

About MGT Insurance

MGT is the first AI-driven, neo-insurer focused on evolving commercial P&C insurance for the brokers and small business owners. By combining the expertise of industry veterans with state-of-the-art technology, we are ushering in the next evolution of commercial insurance and working to move the industry forward through the use of modern technology, better processes, and a rock-star team. We seek visionary leaders who thrive in dynamic, entrepreneurial settings, and excel in autonomous roles.

The Product Development Analyst, Commercial Insurance supports the Product Management Manager in growing a designated commercial line of business profitably and in executing product changes in our systems. The Analyst works primarily within one line of business, prepares the state-level analysis that informs segmentation and product needs, and implements and tests product changes in the rater and UI using our AI-enabled tools. The Analyst works closely with underwriting, the Product Management Manager, and the Product Development Manager.

This role is ideal for an experienced commercial insurance professional with strong analytical and technical skills who wants to move products from analysis to production.

Compensation

The base salary range for this role is $100,000 – $150,000 annually . Compensation will depend on qualifications, experience, and location. This role is also eligible for performance-based bonus and equity, in addition to a comprehensive benefits package.

We recognize that no candidate will meet every qualification and encourage individuals with relevant experience and interest in the role to apply.

Please note: MGT does not accept unsolicited resumes from staffing vendors, including recruitment agencies and/or search firms. Please do not forward resumes to our jobs alias, MGT employees, or any other company location. Any submittals without a prior signed agreement will become property of MGT.

Our Commitment to Diversity, Equity & Inclusion

At MGT, inclusion drives excellence and belonging sustains it. We believe diverse perspectives make us stronger, more innovative, and more connected to the people we serve. We value every voice, champion equity, and create space where all people can grow and succeed together.

Responsibilities

Analyze loss, premium, retention, and quote-to-bind data by state and class for the designated line of business; Prepare state-specific segmentation and product needs to support profitable growth; Build and maintain analyses and reports using our data and AI-enabled tools, applying a working understanding of SQL, Python, or other statistical tools; Monitor product performance, loss trends, underwriting patterns, and competitive benchmarks; Implement approved product changes in the rater and UI using our AI-enabled tools, including rating, rules, and eligibility logic; Draft requirements and test cases, review AI-generated changes, and validate system output against approved forms, rates, rules, and underwriting guidelines; Support releases, system implementations, and upgrades, including testing and defect follow-up; Track the status of product changes from request through production and post-launch review; Work closely with underwriting and the Product Management Manager to turn product needs into system changes; Coordinate with the Product Development Manager so implementation matches approved forms, rates, and rules; Partner with actuarial, claims, compliance, and engineering teams as needed; Create dashboards, reports, and insights using Power BI or other visualization platforms; Support documentation, training materials, and product communications; Contribute to automation and workflow improvements using AI tools

Requirements

5+ years of experience in commercial P&C insurance in underwriting, product, claims, actuarial support, or data analytics; Working understanding of SQL, Python, or similar tools and data concepts, writing code is not required; Experience supporting a commercial line of business such as BOP, commercial auto, GL, or property; Experience with state or class segmentation and profitability analysis; Experience with visualization tools (Power BI preferred); Experience with product implementation in policy, rating, or quoting systems is a plus; Experience using AI tools (including OpenAI platforms) to implement or analyze changes is desired; Bachelor’s degree required, ideally in Business, Math, Statistics, Economics, Finance, Insurance, Data Science, Actuarial Science, or related fields; Master’s degree is a plus; Insurance certifications (CPCU, AINS, ARM, etc.) are a plus; Strong analytical and quantitative skills, ability to manipulate and interpret data; Strong problem-solving skills with attention to detail; Effective written and verbal communication; Ability to manage multiple tasks and deadlines in a fast-paced environment; Working understanding of commercial P&C coverage, rating, and underwriting principles