Pricing Analyst
- Employer
- American Access Casualty Company
- Location
- Downers Grove, IL, USA 60515
- Salary
- Salary
- Posted
- Jan 07, 2019
- Closes
- Feb 05, 2019
- Ref
- 969867
- Category
- Financial Services
- Job Type
- Full Time
- Career Level
- Entry Level
American Access Casualty Company (AACC) is a fast-growing, highly successful private passenger automobile insurance company located in the western suburbs of Chicago. Our mission is to be "driven to do the right thing at every turn." To deliver on that mission and continue our growth, we are looking for highly-motivated employees that can grow with us. We are currently seeking a talented Pricing Analyst to join our current team.
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). Through analysis of internal and external data, regulatory and market conditions, and competitor product/pricing strategies, the Product Analyst works under the supervision of the Product Manager to guide growth and profitability to meet or exceed budget.
Essential Functions:
• Source of in depth knowledge of the company's products and market conditions for non-standard auto insurance in assigned state (s).
• Maintains a "business plan" for assigned state (s) including Premium plan, combined ratio performance, production parameters, competitive environment, competitor details, regulatory environment/developments, demographics, etc.
• 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.
• Maintains organized records of rates, rule and form filings.
• Maintains in depth knowledge of company and 3rd Party systems used to rate or sell the company's products.
Qualifications:
• 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
For more information, or to apply now, you must go to the website below. Please DO NOT email your resume to us as we only accept applications through our website.
https://www.applicantpro.com/j/969867-46318