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Finance
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56045 Requisition #
Thanks for your interest in the Pricing Analyst position. Unfortunately this position has been closed but you can search our 812 open jobs by clicking here.

PRIMARY RESPONSIBILITIES


  • Development, implementation, and sustentation of price strategy which exceeds company expectations.

    • Model should improve competitiveness, decrease loss ratio variance throughout the various rating factors, and ensure loss ratio objectives are met.

    • Model should be inclusive of top competitors. 

    • Improve rate sophistication through expansion of current rating factor capabilities.

    • Understand the buying practices of our customers to better sell to them. 

    • Rank and determine the best customers to better sell to them and establish rates accordingly. 

    • Evaluation of telematics, credit scoring, clue reports, background checks, MVRs, and other tools to beneficially impact effectiveness of rating factors.

  • Utilization of analysis software to assist in developing pricing strategy                                      

  • Testing of rates in software system to ensure 100% consistency with rate filing

  • Coordinate filing of rates with Carriers/TDI as needed with. Ensure they are timely and properly filed, meet regulatory guidelines, and a complete record is internally kept.

  • Coordinate and lead response process with any rate objection received on a timely manner.

  • Monthly market analysis

    • Identify and benchmark rates for top competitors for various factors

    • Will need to proactively obtain their rates to have thorough and meaningful comparisons

    • Track state wide changes to rates

    • Communicate findings to operation including sales, marketing, and underwriting teams

  • Provide monthly Loss Ratio Trends and impacts to individual factors of past rate changes

  • Provide claims data analysis by measuring the impact of claims performance on loss ratio and provide feedback on the impact of improvement measures.

  • Provide monthly loss ratio predictions through analysis of:

    • Sales growth by Territory and Age Factors

    • Rate Development

    • Loss Development triangles

    • Claims Development

    • Severity / Frequency

    • Reserve adequacy

  • Utilize Data mining techniques to create mechanism (internal / external) to identify trends

  • Create process to integrate sales, marketing, and product development to be on the same page on top customer profiles, improve targeting from marketing, and drive customer service initiatives.

  • Preparation of reports for any requested Data Calls (TDI, Reinsurers, Carriers, etc).

  • Preparation of needed monthly, quarterly, and yearly reports to various partners

  • Ensuring accurate rates with comparative raters including Quick Quotes & ITC

  • Ensure a proper & accurate transition from the current software GA, and future software Beyontec.

  • Respond to miscellaneous requests and special additional projects.

CONTRIBUTIONS


  • Ensure Competitive Pricing, rating consistency, and regulatory compliance

  • Provide rating data to various departments on competition along with changes in market conditions

  • Create company data warehouse on competitor data

  • Assist company in meeting sustainable growth objectives

  • Assist company in meeting Loss Ratio objectives

  • Timely submission, expansion, and accuracy of current reporting


U.S. Eligibility Requirements:
  • Submit an application and resume/CV online to be considered.
  • 18 years of age or older.
  • Willing to submit to a background investigation; any offer of employment is conditioned upon the successful completion of a background investigation.
  • Unrestricted work authorization to work in the U.S. For U.S. employment opportunities, Risk Placement Services, Inc. hires U.S. citizens, permanent residents, asylees, refugees, and temporary residents. Temporary residence does not include those with non-immigrant work authorization (F, J, H, or L visas), such as students in practical training status.  Exceptions to these requirements will be determined based on shortage of qualified candidates with a particular skill. RPS will require proof of work authorization.
  • Willing to execute RPS’ Employee Agreement or Confidentiality and Non-Disclosure Agreement which requires, among other things, post-employment obligations relating to non-solicitation, confidentiality and non-disclosure. 

RPS offers competitive salaries and benefits, including: medical/dental/vision plans, life and accident insurance, 401(K), employee stock purchase plan, educational expense reimbursement, employee assistance program, flexible work hours (availability varies by office and job function) training programs, matching gift program, and more.

Risk Placement Services, Inc. is a division of Arthur J. Gallagher and believes that all persons are entitled to equal employment opportunity and does not discriminate against nor favor any applicant because of race, color, religion, sex, age, veteran status, disability, national origin, or any other legally protected status. Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, RPS will make reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

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