Pricing Analyst

National Indemnity Company; Omaha, Fort Wayne, Menomonie (NE, IN, WI); Hybrid; USD 60,000 - 100,000; Full time

Job summary

An established industry player seeks a Pricing Analyst to join their dynamic team in Omaha. This role offers the opportunity to work in a hybrid environment, combining the benefits of a large company with the friendly atmosphere of a smaller firm. You'll be involved in critical tasks such as designing insurance pricing studies, conducting rating analyses, and developing pricing systems. If you're passionate about data analysis and thrive in a collaborative environment, this position is perfect for you. Join a company that values employee involvement and offers comprehensive benefits to support your career growth and well-being.

Benefits

Onsite Fitness Center

Health Insurance

Retirement Plans with Employer Match

Educational Reimbursement

Qualifications

• Bachelor's degree or equivalent experience in a related field.
• At least one year of work experience in a relevant role.

Responsibilities

• Design and initiate analysis for insurance rating studies.
• Conduct rating analyses and recommend rate changes based on data.
• Develop and maintain processes for computerized pricing systems.

Skills

Statistical Analysis

Communication Skills

Data Analysis

Spreadsheet Software

Database Manipulation

Programming

Education

Bachelor's Degree in a Related Field

Tools

Statistical Software

Job description

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. The role involves identifying potential problems in company business and participating in staff training.

This position is based with National Indemnity Company in Omaha, NE and offers up to 50% hybrid work at management discretion after a training period. Note: This position is NOT eligible for employer visa sponsorship.

What will you do?

1. Insurance Pricing Studies: Design and initiate analysis, compile data, and compute statistics for insurance rating studies, with managerial oversight on complex tasks.
2. Rating Analysis: Conduct analyses, calculate indications, and recommend rate and structure changes based on statistical data, market conditions, and company experience.
3. Rate Manuals: Design company rate manual pages following management and underwriting decisions.
4. Regulatory Filings: Prepare exhibits, explanations, and justifications for rate filings and manuals submissions to Insurance Departments.
5. Legislative Review: Research and interpret state laws affecting coverage, and assist in response formulation for regulatory review.
6. Rate Instruction: Issue instructions on rate and product changes and respond to inquiries about rate structures.
7. Statistical Studies: Perform increasingly complex statistical analyses for pricing components.
8. Pricing Systems: Develop and maintain processes for the company's computerized pricing system.
9. Technology Liaison: Coordinate development and testing of software technology related to assigned product lines.

What are we looking for?

• Bachelor's degree or equivalent experience in a related field.
• At least one year of work experience.
• Proficiency with spreadsheet software, database manipulation, statistical software, and programming.
• Knowledge of principles of finance, business, statistics, and insurance.

Who would excel in this role?

• Excellent communication skills.
• Proficiency in proofreading and computer skills.
• Ability to learn quickly, think analytically, and work with accuracy and confidentiality.
• Strong organizational and data analysis skills.
• Creativity in designing high-level statistical analyses.

Additional Information

We encourage employee involvement through Resource Groups, provide wellness programs including an onsite fitness center, and offer comprehensive benefits such as retirement plans with employer match, health insurance, educational reimbursement, and more.