Lead Product Analyst I-Root Insurance

Job Description

Job Title: Lead Product Analyst I

Company: Root Insurance

Location: Columbus, OH

Pay: $120000 – 135000 per year

AI Pay Analysis: The hourly rate translating to an annual salary of approximately $120,000 to $135,000 for a “Lead Product Analyst I” position in Columbus, OH, appears competitive and aligns well with industry standards for similar roles in the region. According to salary data, product analysts typically earn between $90,000 to $130,000 annually, depending on experience, skills, and the specific demands of the role. Given that Columbus has a lower cost of living compared to tech hubs like San Francisco or New York, this salary range would be considered attractive in the local market, reflecting a balance between the expected expertise and the economic context of the area. Overall, this compensation package seems appealing for candidates with sufficient experience and analytical skills needed for a lead position.

Job description:
CURRENT ROOT EMPLOYEES – Please apply using the career page in Workday. This career site is for external applicants only.

The Opportunity
At Root, we are dedicated to enhancing the lives of our customers by providing superior insurance solutions. We challenge conventional thinking to reimagine insurance, making it smarter, more equitable, and a vastly improved experience for all. Our mission is to “unbreak” the archaic insurance industry through innovative applications of data and technology. We are committed to research, experimentation, and disciplined data-driven decision-making to develop products that resonate with our customers. Analytics is central to our vision.

Our Claims and Customer Service analytics team performs comprehensive analyses to identify trends in claims frequency, severity, and customer satisfaction. We deliver actionable insights that optimize processes, enhance efficiency, and decrease costs. Collaborating with cross-functional partners, we evaluate the impact of customer support initiatives—including chatbots, call routing enhancements, and new business channels—to ensure they align with strategic objectives. Additionally, we address complex business challenges, pinpointing investment opportunities to refine internal systems and establish partnerships with external vendors for measurable improvements and sustained growth.

As a Lead Analyst, you will take charge of exploratory research, conduct A/B tests, assess the downstream impacts of innovative business strategies, analyze the overall performance of our claims and customer service teams, and develop new metrics and reporting mechanisms to redefine our business measurement approaches. You will engage closely with leaders in Product, Data Science, Design, Claims Operations, and Engineering to ensure that our business decisions and strategies are data-driven and yield optimal outcomes.

Root embraces a “work where it works best” philosophy, supporting you in finding your ideal work location across the United States.

Salary Range: $120,000 – $135,000 (Bonus and LTI Eligible)

How You Will Make an Impact
– Lead exploratory research initiatives to identify opportunities for enhancing business performance.
– Design and execute experiments, including A/B tests, to maximize insights for new product feature launches.
– Manage and refine a suite of business intelligence frameworks and dashboards to enable self-service capabilities for non-technical partners.
– Proactively analyze the overall performance of our Claims and Customer Service operations to detect trends, anomalies, or other actionable insights.
– Identify opportunities to refine analytical methodologies or introduce new techniques to enhance our analytical outputs.
– Foster strong relationships with cross-functional partners to influence strategy and maintain consistent alignment and awareness.
– As a lead, mentor other analysts within the team to increase talent density and promote professional growth.

What You Will Need to Succeed
– A minimum of 5 years of experience in analytics, with prior experience in the insurance sector preferred.
– At least 2 years of experience in a Senior Analyst or Lead Analyst position.
– Proficiency in SQL and business intelligence software (such as Tableau, Mode, Power BI, etc.).
– Bachelor’s degree in Mathematics, Finance, Engineering, Statistics, or a related quantitative field.
– Comprehensive knowledge of experimental design and statistical methodologies.
– Exceptional problem-solving capabilities, with a strategic and innovative mindset.
– Outstanding written and oral communication skills; comfortable collaborating with and presenting to Director and VP levels.
– Detail-oriented with the ability to effectively manage multiple tasks across various domains, while maintaining rigorous documentation.
– A proactive work ethic and a “do-what-it-takes” attitude to drive results in a fast-paced environment.

Don’t meet every single requirement?
Research indicates that women and people of color are less likely to apply for positions unless they fulfill all qualifications. At Root, Inc., we are committed to fostering a diverse and inclusive workplace. If you are enthusiastic about this role but do not meet every requirement outlined in the job description, we encourage you to apply.

Join Us
At Root, we evaluate individuals based on the merit of their work, not on personal characteristics. If you have a passion for the responsibilities outlined in this role and a desire to solve real-world problems, we invite you to apply. We want to learn more about you and the unique value you can bring to our team.

Who We Are
We are leveraging technology to transform the insurance landscape. Through machine learning and mobile telematics, we have established one of the most innovative FinTech companies in the world—and our journey is just beginning.

What Draws People to Root
Our success is attributed, in large part, to our unwavering commitment to a high standard of hiring. We understand that the quality of our products depends on the talent of those who create and promote them. We seek individuals who explore solutions with curiosity, rigor, and an analytical perspective. Those who work here often cite common reasons for their decision to join:
– Autonomy—For motivated self-starters, the opportunities to contribute are boundless.
– Impact—By challenging traditional methods, we address issues that significantly affect our business.
– Collaboration—We foster an environment that encourages rich dialogue and respectful debate.
– People—We are inspired by the exceptional talent that surrounds us.

Job Posting Date: Sat, 25 Jan 2025 03:39:42 GMT

Apply now!