Product Analyst - Commercial Fire at State Farm

Work Arrangement:

HYBRID: Qualified candidates should plan to spend time working from home and some time working in the office as part of our hybrid work environment which is defined as residing within a 100-mile radius of the Hubs and Corporate.

Hub Location(s): Bloomington, IL (Corporate); Dunwoody, GA; Richardson, TX; Tempe, AZ

About Us and the Role: Fuel your passion and let your career grow with the Business Markets team in Product Line Management! We are dedicated to uncovering customer needs and improving product value by making insurance easier and preparing for the future. Join a dynamic team where your expertise will directly shape the future of our Business Markets suite of fire products and help us deliver value to State Farm Small Business customers. Are you ready to make a significant impact in a collaborative environment? Our Business Markets team in Product Line Management is seeking an innovative Product Analyst eager to develop and support strategic plans that drive product growth. As a Product Analyst, you will help define the vision and strategy that strengthen our competitive position in the marketplace.

Day in the Life - As a key contributor, you will drive product success and innovation by:

• Collaborating closely with Underwriting teams to shape and update underwriting philosophy, providing expert review and authority on complex or large-scale risks.
• Driving product evolution across the entire lifecycle, from concept to sunset.
• Serving as a trusted advisor, offering consultative guidance that influences product development and key decisions, supporting profitable growth through ongoing maintenance and modernization.
• Championing the end-to-end customer experience by researching, developing, and executing strategies that enhance engagement across legacy and modern platforms.
• Providing comprehensive, tailored solutions addressing the unique needs of our products.
• Lead research including identification of external trends, cost analysis, and/or statistical analysis on companywide business results to assist with the development and execution of product line vision and strategies.
• Act as a liaison/coordinator across multiple business areas or contacts outside of State Farm.

• Proven experience in Property & Casualty insurance products, preferably within Commercial Lines Property & Casualty markets, including agency, marketing, claims, underwriting, or pricing.
• Knowledge and understanding of the agent's role in delivering insurance solutions, enabling you to effectively champion products and support customer needs.
• Broad knowledge of industry trends, company issues, competitive environment, and business needs to lead and complete assignments successfully.
• Self-starter with a growth mindset, creativity, and innovation.
• Strong stakeholder engagement and relationship-building skills with the ability to influence at all levels.
• Understanding of underwriting principles, regulatory compliance, and legislative impacts on insurance products. Excellent analytical, organizational, and project management skills with strong attention to detail.

Because work-life balance is a priority at State Farm, compensation is based on our standard 38:45-hour work week!

• Potential starting salary range: $80,000 - $120,000
• Starting salary will be based on skills, background, and experience
• High end of the range limited to applicants with significant relevant experience
• Potential yearly incentive pay up to 15% of base salary

At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!

• Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
• Stay Well! Focus on you and your family's health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
• Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
• Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
• Take a Little "You" Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!
• Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
• Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!

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