Rating Analyst

EMC Insurance Companies; Iowa (LA); Hybrid; USD 61,000 - 92,000; Full time

Job summary

EMC Insurance Companies is seeking an analytical actuarial/data analytics professional to join our team, with flexibility for remote or hybrid work within Iowa.

You will perform premium rating analysis, prepare data, and support actuarial ratemaking efforts while collaborating with IT and QA to ensure accurate rating logic and robust documentation.

Qualifications

• Bachelor’s degree in math, statistics, or actuarial science.
• One year of actuarial or business analysis experience.
• Proficient with MS Office (Excel, Word, PowerPoint, Power BI).
• Exposure to product management tools; programming (SQL or Python) preferred.

Responsibilities

• Performs premium rating algorithm and data analysis, maintaining requirements and docs.
• Collaborates with developers and QA to ensure rating logic meets objectives.
• Engages in quality control checks, suggesting process improvements.

Skills

Analytical thinking

Math knowledge

SQL or Python

MS Office & Power BI

Education

Bachelor’s degree in math/statistics/actuarial science

Tools

Power BI

SQL

Python

Job description

At EMC, we’re all about working together to make an impact. As part of our team, you’ll have the opportunity to grow, contribute, and gain experience that matters. We strive to be caring leaders, close partners, and responsive experts—always supporting each other to do our best work. Join us, and let’s improve lives together.

• This position is eligible to work a remote or hybrid schedule within the state of Iowa**

Essential Functions

• Performs assigned premium rating algorithm and data analysis, including building and maintaining requirements and related documentation. Partners with senior team members to support more complex assignments.
• Collaborates with developers and quality assurance to ensure rating logic and functionality meet project objectives.
• Engages in quality control checks and peer reviews; recommend process improvements.
• Prepares and validates data for analysis; maintains data integrity and organizes rating elements.
• Calculates and reports policy impact measurements to support decision-making.
• Researches rating-related questions. Builds and tests sample policies and rating scenarios to validate logic.
• Communicates findings and project updates clearly to stakeholders and team members.
• Completes required training and certifications. Engages in self-directed and collaborative learning of line of business coverages and rating, including asking questions to learn context and understanding. Develops skills and knowledge of insurance operations.
• Collaborates and supports actuarial ratemaking work-products including rate impact analysis and rate filings.

Education & Experience

• Bachelor’s degree in math, statistics, or actuarial science
• One year of actuarial or business analysis experience

Knowledge, Skills & Abilities

• Strong analytical, investigation and problem-solving abilities
• Working knowledge of mathematics, probability, statistics, and financial mathematics
• Proficient working knowledge of Microsoft office products (Excel, Word, PowerPoint, Power BI)
• Exposure to product management tools
• Knowledge of at least one programming language, such as SQL or Python preferred

The hiring salary range for this position will vary based on geographic location, falling within either of the following:
$60,813 - $84,038 or $67,200 - $92,395

A hiring range represents a subset of the full salary range. The actual salary will depend on several factors, including relevant education, skills, and experience of an applicant, geographic location, and business needs.

For information relating to the benefits EMC Team Members receive as part of a comprehensive rewards package, please visit www.emcins.com/careers.

Our employment practices are in accordance with the laws that prohibit discrimination due to race, color, creed, sex, sexual orientation, gender identity, genetic information, religion, age, national origin or ancestry, physical or mental disability, medical condition, veteran status, active military status, citizenship status, marital status or any other consideration made unlawful by federal, state, or local laws.

All of our locations are tobacco free including in company vehicles.