Pricing Analyst

GoAuto Insurance; Remote; USD 65,000 - 85,000; Full time

Job summary

A leading auto insurance provider offers a remote Pricing Analyst position in Baton Rouge, LA. The role involves developing pricing models, analyzing market trends, and conducting statistical analysis to set competitive rates. Candidates must have a bachelor’s degree in a relevant field and at least 3 years of experience in Florida PPA pricing. The company emphasizes employee growth with benefits like 401(k) matching and comprehensive health insurance.

Benefits

401(k) with dollar-for-dollar match up to 4%

Medical, dental & vision insurance

Company-paid life insurance

Wellness & mental health programs

Generous paid time off

Qualifications

• Minimum 3 years of experience with Florida PPA pricing and/or product management.
• Non-standard experience preferred.
• Proficient with Microsoft Excel.

Responsibilities

• Develop pricing models by analyzing historical claims data.
• Analyze market trends to ensure competitive pricing.
• Conduct statistical analysis on cost components.
• Produce reports and presentations for management.
• Ensure regulatory compliance for pricing changes.
• Collaborate with departments to align pricing strategies.
• Evaluate the profitability of existing pricing strategies.

Skills

Quantitative skills

Software proficiency in Excel, SQL, R, Python

Communication skills

Problem-solving

Industry knowledge

Education

Bachelor's degree in mathematics, statistics, economics, actuarial science or related field

Tools

Excel

SQL

Job description

Overview

GoAuto is a family-focused auto insurance provider committed to making coverage accessible and affordable.

At GoAuto, you’re not just joining a company—you’re joining a team that prioritizes:

• Integrity and respect
• Employee empowerment and growth
• A collaborative and supportive culture
• The tools, training, and resources to succeed
• Recognition for your contributions

Become a valued member of the GoAuto family and build a career where your work truly makes a difference.

What You’ll Do

The position is responsible for the pricing and management of GoAuto’s Florida PPA program, as well as providing pricing and product management support for the PPA programs in other states.

A pricing analyst in the private passenger auto insurance industry analyzes large sets of data to develop and maintain pricing models that determine how much customers pay for their policies. The ultimate goal is to set rates that are competitive enough to attract and retain customers, but also profitable for the insurance company.

Core responsibilities

• Develop pricing models. Analysts build and update complex statistical models that are used to set insurance rates. This involves analyzing historical claims data, customer demographics, and market conditions.
• Analyze market trends. They monitor shifts in the insurance marketplace, including competitor pricing, consumer behavior, and emerging industry trends, to ensure their company\'s prices remain competitive.
• Conduct statistical analysis. A key function is to perform statistical studies on various cost components. This includes analyzing factors like loss development (how claims costs change over time) and expenses to use in pricing studies.
• Produce reports and presentations. Analysts create detailed reports and presentations for management, explaining their findings and justifying their pricing recommendations.
• Ensure regulatory compliance. A portion of the role involves preparing rate filings and other documentation for state insurance departments to ensure all pricing changes comply with local regulations.
• Collaborate with other departments. Pricing analysts work closely with product development, underwriting, and marketing teams to align pricing strategies with broader business objectives and market campaigns.
• Evaluate profitability. They continuously review and monitor the performance of existing pricing strategies to make adjustments as needed and ensure the company remains profitable.

What We’re Looking For

Skills:

To succeed in this role, a pricing analyst needs a strong combination of technical and business skills:

• Quantitative skills: A background in mathematics, statistics, data analytics, or actuarial science is critical.
• Software proficiency: A high level of skill is required in data analysis software such as Excel, SQL, R, Python.
• Communication skills: Analysts must be able to present complex data and methodologies clearly to non-technical stakeholders and management.
• Problem-solving: The job requires intellectual curiosity and strong analytical, problem-solving, and decision-making abilities.
• Industry knowledge: A solid understanding of insurance products and market dynamics is essential.

Required Qualifications:

• Minimum 3 years of experience with Florida PPA pricing and/or product management. Non-standard experience preferred.
• Bachelor’s degree in mathematics, statistics, economics, actuarial science or related field of study.
• Candidate must be proficient with Microsoft Excel, and show competency with SQL.

Benefits Include:

• 401(k) with dollar-for-dollar match up to 4%
• Medical, dental & vision insurance (including free preventive care)
• Company-paid life insurance, short-term & long-term disability
• Wellness & mental health programs
• Flexible Spending Accounts (health & dependent care)
• Generous paid time off

Position is remote, and will report to the VP of Product and Pricing.

Job Title will be Pricing Analyst or Pricing Manager, depending on experience