Pricing Analyst

Berkshire Hathaway Homestate Companies - Property & Casualty; Omaha (NE); Hybrid; USD 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Pricing Analyst to join their dynamic team in Omaha. This role involves utilizing analytical skills to conduct pricing studies and recommend changes based on thorough statistical analyses. The ideal candidate will thrive in a collaborative environment, contributing to the development of innovative pricing systems and regulatory compliance. With a commitment to employee wellness and professional growth, this company offers a vibrant workplace culture and robust benefits, making it a fantastic opportunity for those looking to advance their careers in the insurance sector.

Benefits

100% Employer Match on Retirement Plan

Medical, Dental, and Vision Insurance

Onsite Fitness Center

Educational Reimbursement

Employee Assistance Program

Competitive Time-Off Policies

Subsidized Downtown Parking

Qualifications

• Bachelor's degree in a related field or equivalent work experience.
• One or more years of work experience in a relevant field.

Responsibilities

• Designs and initiates analysis for insurance pricing studies.
• Calculates indications and recommends changes in rate levels.
• Issues written instructions on rate and product changes.

Skills

Analytical Thinking

Communication Skills

Attention to Detail

Statistical Analysis

Spreadsheet Software

Database Manipulation

Programming Knowledge

Education

Bachelor's Degree in Related Field

Equivalent Work Experience

Tools

Statistical Software

Spreadsheet Software

Job description

Join to apply for the Pricing Analyst role at Berkshire Hathaway Homestate Companies - Property & Casualty

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Join to apply for the Pricing Analyst role at Berkshire Hathaway Homestate Companies - Property & Casualty

Company

NICO National Indemnity Company

Want to work for a company with unparalleled financial strength and stability that offers large company benefits with an exciting, friendly, and small company atmosphere? Our companies, as members of the Berkshire Hathaway group of Insurance Companies, provide opportunities for professionals interested in just that.

The Pricing Analyst serves as a technical resource in the development and testing of rating and policy administration systems for assigned lines of business. Identifies potential problems in company business and participates in staff training.

This position will be with National Indemnity Company in Omaha, NE, and up to 50% hybrid at management discretion after a period of training. This position is NOT ELIGIBLE for employer visa sponsorship.

What will you do?

1. INSURANCE PRICING STUDIES: Designs and initiates analysis, compiles data, and computes statistics for insurance rating studies with manager oversight of only the most complicated tasks.
2. RATING ANALYSIS: Initiates analyses, calculates indications, and recommends changes in rate levels and rating structures based on statistical analyses, company experience, market conditions, legal climate, and underwriting practices to management and underwriting.
3. RATE MANUALS: Designs company rate manual pages according to decisions of management and underwriting.
4. REGULATORY FILING APPROVALS: Designs and compiles exhibits, explanations, justifications, and statistical analysis for the submission of company rate filings, state filing forms, and manual pages to the Insurance Departments.
5. LEGISLATIVE REVIEW: Researches, interprets, summarizes, and communicates state law requirements affecting coverages. Examines more complicated issues and recommends responses to manager and/or regulatory personnel for review.
6. RATE INSTRUCTION: Issues written instructions on rate and product changes to agents and home office personnel, and answers inquiries concerning the company rate structures for company personnel.
7. STATISTICAL STUDIES: Performs statistical studies of increasing complexity on the appropriate cost components for use in pricing studies such as loss development factors, trend factors, increased limit factors, expense loads, etc.
8. PRICING SYSTEMS: Designs and implements processes for maintenance of the company's computerized core pricing system used to produce standard actuarial reports and information required for pricing and management result evaluation purposes.
9. TECHNOLOGY LIAISON: Participates in and organizes the development, changes, and testing of software technology relating to assigned product lines.

What are we looking for?

• Bachelor's degree in a related field or equivalent work experience.
• One or more years of work experience.
• Proficiency with personal computer spreadsheet software.
• Principles of finance, business, statistics, and insurance.
• Knowledge of personal computer database manipulation software, statistical software, and programming.
• Knowledge of insurance industry practices.

Who would excel in this role? Someone with/who can

• Excellent oral and written communication skills.
• Proofreading proficiency.
• Computer proficiency.
• Ability to learn quickly.
• Analytical thinking.
• Attention to detail and accuracy.
• Ability to work independently.
• Maintain confidentiality.
• Organize and analyze data effectively.
• Creativity in designing high-level statistical analyses.

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 employee 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! We offer a retirement and savings plan with immediate enrollment and 100% employer match up to 5%, medical, dental, and vision insurance for full-time employees and eligible dependents, a dedicated Learning & Development program, 100% upfront Educational Reimbursement, subsidized downtown parking, competitive time-off policies including parental leave, an Employee Assistance program, and much more!

Seniority level

• Entry level

Employment type

• Other

Job function

• Marketing and Sales

Industries

• Insurance

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