Product/Pricing Analyst Insurance Job

Chicago, IL Area

 

Insurance Job Description

My client began operations in the ‘90’s with a small group of employees. This small team of auto insurance veterans brought big experience in non-standard auto products to the table. This type of expertise was important in building an insurance company from the ground up that keeps the unique needs of the customer in mind. As a result of their roots in understanding the non-standard auto insurance market and their quality agent network, today they are as strong as ever with: Over $80,000,000 in auto insurance business written and licensed to expand geographically as growth opportunities arise. They presently offer an opportunity to join their product & pricing department. As a member of the Pricing Department, the Product Analyst contributes to the overall business plan for the company’s Private Passenger Auto programs in assigned state (s).  Thorough analysis of internal and external data, regulatory and market conditions, and competitor product/pricing strategies.

Product / Pricing Analyst Responsibilities

  • Maintains a “business plan” for assigned state (s) including Premium plan, combined ratio performance, production parameters, competitive environment, competitor details, regulatory environment/developments, demographics.

  • Performs ongoing analysis of company and competitor pricing and premium volume.

  • Performs profitability analysis of book of business and recommends pricing actions based on segment performance.

  • Collaborates with Marketing, Underwriting, IT and Claims to align interests and manage the performance of assigned state (s).

  • Prepares formal rate reviews using internal and external data sources and develops sound recommendations based on premium plan and basic actuarial indications.

  • Communicates with state DOI personnel to achieve approval of rate/rule filings.

Product / Pricing Analyst Requirements

  • BA/BS required; business related concentrations preferred.

  • 3 plus years experience in pricing or product functions for personal lines insurance; non-standard auto insurance experience is a plus.

  • Must have strong mathematical skills and the ability find answers to business questions in large data sets.

  • Must be self-motivated, organized and able to meet deadlines with assignments.

  • Experience developing and presenting recommendations related to product/pricing actions.

  • Advanced spreadsheet and database skills.

  • Must be a good communicator and listener

Please contact Scot Dickerson for immediate confidential consideration and additional details. If you would like to submit your resume for this insurance job, please click HERE and attach your resume as a Microsoft Word document.

Capstone Insurance Search Group is a search firm dedicated to the insurance industry. We work nationally with expertise that spans top executives, middle management and technical level positions. We can provide assistance with a variety of product lines to include Property and Casualty, Life, Health, Disability, Annuity and Pension. We will provide you with a service that is of the highest degree of confidentiality, professionalism and integrity.