Pricing Analyst - Specialty Pricing

Geico; Bethesda (MD); Hybrid; USD 58,000 - 91,000; Full time

Job summary

GEICO in Bethesda, MD seeks a Pricing Analyst to determine and implement rates for insurance products across multiple segments. You will analyze loss trends, build pricing models, and partner with Product Management and Actuarial Reserving to drive profitability.

You should be proficient in Excel and data-analysis tools (R, SAS, Python, Power BI), possess strong communication, and work well in a collaborative, fast-paced environment with room for growth.

Qualifications

• Bachelor’s degree in Economics, Business, Math, Actuarial Science, Econ, Statistics, Data/Business Analytics, or related field (by May 2027).
• Strong analytical and problem-solving abilities with basic actuarial pricing knowledge preferred.
• Proficient in Excel; familiarity with R, SAS, Python, or Power BI a plus.

Responsibilities

• Develop and prepare statistical analyses of underwriting or claims experience for ratemaking.
• Conduct rate reviews, filings, and rate changes across segments of the business.
• Present analyses and proposals to stakeholder groups and partner with product management.
• Develop tools to streamline analytics processes and support continuous improvement.

Skills

Analytical

Problem-solving

Decision-making

Communication

Collaboration

Time management

Attention to detail

Organizational skills

Independence

Education

Bachelor’s degree in quantitative field

Tools

Excel

R

SAS

Python

Power BI

Job description

Why Join GEICO?At GEICO, we offer a rewarding career where your ambitions are met with endless possibilities.Every day we honor our iconic brand by offering quality coverage to millions of customers and being there when they need us most. We thrive on relentless innovation to exceed our customers' expectations while making a real impact on local communities nationwide.Founded in 1936, GEICO is a member of the Berkshire Hathaway family of companies and one of the largest auto insurers in the United States. When you join our company, we want you to feel valued, supported, and proud to work here. That's why we offer the GEICO Pledge: Great Company, Great Culture, Great Rewards, and Great Careers.Your Impact at GEICOSeeking highly motivated individuals looking for an exciting career in Specialty Pricing!Specialty Pricing is an engaging, collaborative environment that is seeking future college graduates to join the team. If working on a team that emphasizes curiosity, creativity, and upward growth speaks to you, Specialty Pricing is the perfect place to kickstart your analytical career.The Specialty Pricing team is home to a wide array of business segments at GEICO, including commercial, powersports, recreational vehicle, boat, and personal umbrella. Analyst duties consist of determining and implementing rates for insurance products, analyzing and projecting drivers of loss trends, developing and enhancing new insurance products, and much more! Our Analysts are motivated, self-driven, and excellent analytical thinkers. As a Pricing Analyst, you can expect to work closely with our partners in Product Management and Actuarial Reserving. Your active participation in profitability analysis will drive business decision-making, ensuring company and line of business success.Actuarial designation pursuit is not required, but candidates pursuing an actuarial designation will be supported.How You’ll Make a DifferenceAnalytical Pricing Work:Develop and prepare statistical analyses of underwriting or claims experience, which serve as the basis of ratemaking or management information reportsConduct rate reviews, create filings, and implement rate changes for a variety of segments of our businessStakeholder Partnership:Develop and present analysis and proposals to various stakeholder groupsDevelop relationships with product management and learn business strategyProcess Improvement:Develop and improve tools to streamline processes and drive improvements in analyticsCareer Development:As a Pricing Analyst you will gain the following:Strong foundation in actuarial pricing, building a balanced skillset in analytics, technical prowess, strategic thinking, and leadership abilities.A long career path with options to specialize in pricing, product, or R&D.Peer and managerial support, with feedback and coaching plans tailored to your goals.A support network of senior leaders within GEICO’s organization.What We’re Looking ForExperience & Qualifications:Bachelor’s degree in Economics, Business, Math, Actuarial Science, Econ, Statistics, Data/Business Analytics, or other relevant quantitative field of study OR Bachelor’s degree in any field of study plus prior experience / internship with quantitative analytics; degree obtained by May 2027Cumulative GPA of 3.0 or higher (please upload ALL transcripts as part of the application process)Must live within commutable distance from our Bethesda, MD office and work a hybrid scheduleCore Skills:Proven analytical, problem-solving, and decision-making abilitiesHighly effective communication and collaboration skillsIntermediate to advanced skills in ExcelBasic to intermediate proficiency with data analysis software like R, SAS, Python, or Power BIAbility to work independently and build ownership over projectsAbility to handle multiple concurrent priorities, providing accurate and timely resultsIntellectual curiosity to learn and ability to ask insightful questionsEffective time management, attention to detail, and organizational skillsPreferred SkillsPrevious internship experience in similar fields or businesses a plusAnnual Salary$58,425.00 - $91,225.00The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.At this time, GEICO will not sponsor a new applicant for employment authorization for this position.The GEICO Pledge:Great Company: Protecting customers through life’s twists and turns with innovation and integrity.Great Careers: Personalized development programs, mentorship, and certification assistance.Great Culture: Inclusive and collaborative culture rooted in shared success.Great Rewards: Competitive pay, benefits, and flexibility to support your well-being and future.The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.