Business Development Analyst at Boost Insurance
New York City, NY, US
Boost powers white-labeled insurance programs for innovators across all industries. Our platform helps tech companies offer modern insurance products to their customers within their own frontend environments. Boost’s infrastructure-as-a-service product, IaaS for short, abstracts and simplifies an old school, complicated industry – and unlocks access through a cutting-edge API platform. Our customers are leading consumer and enterprise technology companies as well as game changing insurtech startups and we give them everything they need to quickly get to market with their own programs to monetize the insurance vertical.
 
What does that mean? That’s ‘abstracted and simplified’ language for insurance stuff like ‘A’-rated insurance paper, dedicated risk capacity to pay claims, and ongoing policy and claims administration – but it’s all powered programmatically by our backend API-driven systems. Technically we’re a licensed managing general agency, we’re just redefining what that means.
 
Our company is backed by an awesome group of investors including Greycroft, Norwest Venture Partners, Tusk Venture Partners, State National, and Nephila. We’re having a ton of fun, growing like crazy, and looking for forward thinking guys and gals to join our team.
 
The Job
 
The Business Analyst will play an important role within our Growth Team and cover a wide range of responsibilities from market research and analysis to insurance product research, strategy, and development. Working cross-functionally with the Insurance and Tech Teams, the Business Analyst will explore, analyze, and diligence new opportunities while preparing the materials needed to evaluate and prioritize our pipeline.
 
Our customers include everything from leading technology companies to emerging startups and pre-launch founders, so this role will have responsibilities that range from venture capital and insurance due diligence for inbound opportunities to proactively identifying, evaluating, and pitching customer prospects for outbound business development efforts and contributing to other internal growth initiatives. The ideal candidate is both analytical and creative with a super high-energy and positive personality, an inquisitive mind, and the ability to go deep to find solutions.
 
 

Responsibilities

    • Drive the research and analysis of new insurance program opportunities to deliver innovative solutions to a diverse group of clients.
    • Serve as a "translator" between the Insurance and Technology Teams to effectively communicate market insights and analysis along with insurance product concepts.
    • Work collaboratively within the Growth Team to support the research and diligence efforts on new opportunities, including market analysis, business plan validation, and financial projections.
    • Establish a deep understanding of Boost’s insurance and technology capabilities in order to develop and articulate strategies that best serve our clients.
    • Help identify key trends in the insurance/insurtech industry.
    • Collaborate across all teams to produce high-level insurance product sketches and operational work flows.
    • Work with Tech team to understand the technology needs for new insurance programs and other opportunities.
    • Deliver insights and findings internally through the creation of written memos and presentations.
    • Conduct financial and data analysis on prospective and existing Boost customers to help understand the current and future performance of each program.

Job Requirements

    • Bachelor’s Degree
    • 2-5 years of experience in a P&C insurance-focused role as a product manager, consultant, equity research analyst, business analyst, (re)insurance broker, or underwriter.
    • Exceptional research skills with the ability to analyze and break down complex problems, find solutions, and communicate them effectively across diverse stakeholders
    • Excellent written and verbal communication skills, with emphasis on professional writing and financial analysis.
    • Intermediate working knowledge of P&C insurance, including common products, coverages, pricing, and loss performance.
    • Resourceful with a passion for diving deep into new topics to become a subject matter expert
    • High degree of interest and working knowledge of insurtech trends
    • Willing to work in New York City full-time or relocate
    • Authorized to work in the United States 

Extra Credit

    • Experience with SQL and other BI tools such as Looker, Tableau, Sisense is a big plus.
    • Experience with Agile product development methodologies a plus
    • Previous experience working at startups or tech companies is a plus

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