Pricing Analyst

National Indemnity Company; Atlanta (GA); Hybrid; USD 85,000 - 110,000; Full time

Benefits offered by this job

Educational reimbursement

Health insurance

Dental & Vision coverage

Wellness program

Job summary

Berkshire Hathaway Homestate Insurance Company is seeking a Pricing Analyst to support Pricing, Business Analysis, and Product Development by analyzing data and applying quantitative methods to property and casualty insurance pricing. The role involves rate studies, experience analysis, and regulatory filings, with hybrid work after training in Alpharetta, GA or Omaha, NE.

Responsibilities include compiling data, developing analyses, adjusting rate factors, and maintaining pricing systems, plus

Qualifications

• Bachelor's degree in a related field or equivalent work experience.
• One or more years of relevant work experience.
• Proficiency with spreadsheet software.
• Strong ability to organize and analyze data with accuracy and attention to detail.
• Excellent verbal and written communication skills.
• Strong computer proficiency and ability to learn quickly.
• Ability to work independently, manage detailed work, and maintain confidentiality.
• Two to three years of related work experience preferred.
• Knowledge of finance, business, statistics, and insurance principles preferred.
• Experience with database manipulation software, statistical software, or programming preferred.
• Knowledge of the insurance industry preferred.
• Passage of two to four Casualty Actuarial Society (CAS) examinations preferred.

Responsibilities

• Compile data, calculate statistics, and develop analyses for insurance rating studies.
• Analyze company experience, statistical information, and underwriting practices to calculate indicated changes in rate levels.
• Perform ongoing statistical studies of pricing components, including loss development factors, trend factors, increased limit factors, and expense loads.
• Apply mathematics, statistics, finance, and business principles to property and casualty insurance pricing problems.
• Prepare and revise company rate manual pages based on approved pricing and underwriting decisions.
• Compile exhibits, explanations, statistical analyses, state filing forms, and supporting materials for company rate filings.
• Assist with responses to state Insurance Department inquiries, including actuarial justification of filed rates.
• Research and summarize state laws and regulatory requirements affecting insurance coverages and communicate issues for appropriate review.
• Prepare written instructions regarding rate and product changes and respond to questions about company rate structures.
• Maintain worksheets and programs used to generate assigned product manuals.
• Support the maintenance of computerized pricing systems and related information, including rate changes, rate level indications, loss statistics, actuarial reports, and loss development triangles.
• Participate in the development, modification, and testing of technology supporting assigned product lines.
• Partner with software development teams to help ensure technology solutions are straightforward and easy to use.
• Support special actuarial and pricing projects and monitor relevant regulatory, legislative, and insurance industry developments.

Job description

Company: BHHIC Berkshire Hathaway Homestate Insurance Company

As a member of the Berkshire Hathaway group of insurance companies, we offer outstanding opportunities for professionals interested in working with a successful company. We offer unparalleled financial strength, stability and "large company" benefits, in addition to an exciting, friendly, "small company" atmosphere.

The Pricing Analyst supports Pricing, Business Analysis, and Product Development by analyzing data and applying principles of mathematics, statistics, finance, and business to property and casualty insurance pricing. This role conducts insurance rating studies, evaluates rate level indications, supports regulatory rate filings, and helps maintain the systems and tools used to produce pricing and actuarial information.

This position will sit in Alpharetta, GA or Omaha, NE and is eligible for hybrid after a period of training at management discretion. Position is not eligible for employer visa sponsorship.

What will you do?

• Compile data, calculate statistics, and develop analyses for insurance rating studies.
• Analyze company experience, statistical information, and underwriting practices to calculate indicated changes in rate levels.
• Perform ongoing statistical studies of pricing components, including loss development factors, trend factors, increased limit factors, and expense loads.
• Apply mathematics, statistics, finance, and business principles to property and casualty insurance pricing problems.
• Prepare and revise company rate manual pages based on approved pricing and underwriting decisions.
• Compile exhibits, explanations, statistical analyses, state filing forms, and supporting materials for company rate filings.
• Assist with responses to state Insurance Department inquiries, including actuarial justification of filed rates.
• Research and summarize state laws and regulatory requirements affecting insurance coverages and communicate issues for appropriate review.
• Prepare written instructions regarding rate and product changes and respond to questions about company rate structures.
• Maintain worksheets and programs used to generate assigned product manuals.
• Support the maintenance of computerized pricing systems and related information, including rate changes, rate level indications, loss statistics, actuarial reports, and loss development triangles.
• Participate in the development, modification, and testing of technology supporting assigned product lines.
• Partner with software development teams to help ensure technology solutions are straightforward and easy to use.
• Support special actuarial and pricing projects and monitor relevant regulatory, legislative, and insurance industry developments.

What are we looking for?

• Bachelor's degree in a related field or equivalent work experience.
• One or more years of relevant work experience.
• Proficiency with spreadsheet software.
• Strong ability to organize and analyze data with accuracy and attention to detail.
• Excellent verbal and written communication skills.
• Strong computer proficiency and ability to learn quickly.
• Ability to work independently, manage detailed work, and maintain confidentiality.
• Two to three years of related work experience preferred.
• Knowledge of finance, business, statistics, and insurance principles preferred.
• Experience with database manipulation software, statistical software, or programming preferred.Knowledge of the insurance industry preferred.
• Passage of two to four Casualty Actuarial Society (CAS) examinations preferred.

Someone who may excel in this role:

• Enjoys working with numbers, data, and complex analytical problems.
• Approaches detailed work with accuracy, curiosity, and a critical-thinking mindset.
• Can identify meaningful trends and insights within large amounts of information.
• Communicates technical or statistical concepts clearly to different audiences.
• Enjoys balancing recurring analytical responsibilities with new projects and business questions.
• Is comfortable working independently while collaborating across Pricing, Underwriting, Actuarial, Regulatory, and Technology teams.
• Learns new systems, concepts, and insurance products quickly.
• Is organized and able to manage multiple priorities without losing attention to detail.
• Enjoys improving processes, tools, and analytical approaches.
• Is interested in building deeper expertise in property and casualty insurance pricing and actuarial analysis.

We want you to be involved! We offer Employee Resource Groups for volunteering, connecting with others, social gatherings, and professional development. We also regularly seek employees input through companywide surveys.

We care about your health and wellbeing!

Our Wellness program is integrated into the Company culture with an online wellness portal that offers a year-round, one-stop-shop to manage and track all areas of health, our Omaha office boasts a complimentary state-of-the-art onsite fitness center, and a robust wellness program.

Benefits, Perks and more!

• retirement and savings plan with immediate enrollment with 100% employer match up to 5%,
• Medical, Dental and Vision for regular, full-time employees and eligible dependents,
• a dedicated Learning & Development program for employees to grow personally and professionally,
• 100% upfront Educational Reimbursement program,
• subsidized downtown parking,
• competitive time off policies including parental leave,
• an Employee Assistance program and much more!