Market Insights Analyst
Market Insights Analyst
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1 Vacancy
Job Description
Use Your Strengths at Wellmark as a Market Insights Analyst!
As a Market Insights Analyst you will keep a pulse on competitor actions and health care market dynamics. You will support the curation of primary and secondary intelligence and develop proactive and on-demand deliverables. You are responsible for the analysis of trends and profitability measures by segment distribution channels buyer portfolio benefit trends and financial performance within business. You will conduct quantitative and qualitative research including needs assessment conceptualization proposal development data analysis and reporting that drives market and network strategies. Your goal will be to identify key opportunities and gaps within our competitive insurance market and network of health systems and offer suggestions for enhancements to develop products/services.
The ideal candidate has investigative curiosity asks insightful questions and thrives on driving actionable results. You are a collaborator who is eager to work with your peers to inform business decisions. Knowing your resources identifying new ones and seeking out where to find answers are just a few of your talents. You embrace an analytical mindset and have an exceptional ability to construct narratives around data so audiences of all kinds can understand. You do this through strong communication skills and knowing the power of great messaging. Acting procedurally recognizing preventative measures and risk reduction are behaviors that resonate with you.
Qualifications :
Required:
- Bachelors Degree or direct and applicable work experience.
- 1 years experience independently collecting and analyzing data conducting research and developing actionable results that support stakeholder decision making in an Insurance Financial Services or similar corporate environment. Must be able to collaborate with multi-disciplinary teams.
- Analytical and critical thinking skills including the ability collect summarize review data develop recommendations and relay the story to stakeholders. Ability to independently conduct research as appropriate.
- Strong written and verbal communication skills with the ability to express complex concepts clearly and concisely.
- Ability to interact with senior leadership and key decision makers.
- Self-starter with strong organizational skills and the ability to multi-task competing priorities in a fast-paced environment. Flexible and adaptable to change.
- Travel required up to 5%
Additional Information :
a. Develop and compile internal and external data to analyze the performance of Wellmark market segments. Will support Segment Performance initiatives by analyzing trends and profitability measures by segment distribution channels buyer portfolio benefit trends and financial performance within the business.
b. Evaluate Wellmarks competitive position within the market. Provide key insight into competitors within the market by using primary and secondary research tactics. Gather intelligence from public and private sourcing to support analysis and research consultation.
c. Conduct competitive intelligence research including market and data analysis and reporting including the identification of key opportunities and gaps within our market to support Segment Performance and Product Development.
d. Proactively provide insights recommendations and future-state initiatives to Product and Segment Performance teams. Will perform complete reviews of key performance indicators measures and product and marketing goals to provide direction on how to achieve success.
e. Participate in developing strategic recommendations to support Segment Performance and Product Development strategies by conducting quantitative and qualitative research. Including needs assessment conceptualization proposal development data analysis and reporting.
f. Monitor and report progress toward achievement of corporate satisfaction measures member employer provider and producer/agent. Work with cross functional teams to recommend appropriate course of action for improvement.
g. Participate in enrollment forecasting and market opportunity analysis including model development trends and analyze environmental circumstances that affect enrollment and sales opportunities. Collaborate with key stakeholders to understand and assist with developing financial impacts from sales and new enrollment.
h. Collaborate with key stakeholders to define competitive intelligence needs and ensure relevant and accurate intelligence assessments are analyzed reviewed and distributed to appropriate stakeholders.
i. Use statistical software applications to analyze data and results from research; formulate key opportunities and gap analysis based on research findings. Identify key opportunities for enhancements to existing products and services or potential for new products and services and to assess the threat of competitor actions.
j. Participate in annual planning with the Segment Performance teams to identify any data needed to support key initiatives.
k. Other duties as assigned.
An Equal Opportunity Employer
The policy of Wellmark Blue Cross Blue Shield is to recruit hire train and promote individuals in all job classifications without regard to race color religion sex national origin age veteran status disability sexual orientation gender identity or any other characteristic protected by law.
Applicants requiring a reasonable accommodation due to a disability at any stage of the employment application process should contact us at
Please inform us if you meet the definition of a Covered DoD official.
At this time Wellmark is not considering applicants for this position that require any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes but IS NOT LIMITED TO: F1-OPT F1-CPT H-1B TN L-1 J-1 etc. For additional information around work authorization needs please refer to the following resources:Nonimmigrant Workers and Green Card for Employment-Based Immigrants
Remote Work :
No
Employment Type :
Full-time
Employment Type
Full-time
