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Pricing Analyst
Berkshire Hathaway Homestate Companies - Workers Compensation Division. Support Pricing, Business Analysis, and Product Development through data analysis and application of mathematics, statistics, finance, and business principles to property and casualty insurance pricing .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in data analysis, statistical methods, and financial principles to support pricing and product development in the property and casualty insurance sector. Proficient in collaborating with cross-functional teams to ensure effective communication and implementation of pricing strategies.
Highest-signal resume keywords
Data AnalysisStatistical MethodsInsurance PricingSpreadsheet Software ProficiencyCommunication Skills
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Data CompilationStatistical CalculationRate Manual PreparationStatistical SoftwareDatabase Manipulation
Soft Skills
Attention to DetailOrganizational SkillsIndependent Work
Tools & Technologies
Computerized Pricing SystemsSpreadsheet Software
Certifications & Qualifications
Casualty Actuarial Society Examinations
Industry Keywords
Property and Casualty InsuranceUnderwriting PracticesRegulatory RequirementsInsurance CoveragesActuarial Justification
About the role
Key responsibilities & impact- Support Pricing, Business Analysis, and Product Development through data analysis and application of mathematics, statistics, finance, and business principles to property and casualty insurance pricing
- Compile data, calculate statistics, and develop analyses for insurance rating studies
- Analyze company experience, statistical information, and underwriting practices to calculate indicated changes in rate levels
- Perform ongoing statistical studies of pricing components, including loss development factors, trend factors, increased limit factors, and expense loads
- Prepare and revise company rate manual pages based on approved pricing and underwriting decisions
- Compile exhibits, explanations, statistical analyses, state filing forms, and supporting materials for company rate filings
- Assist with responses to state Insurance Department inquiries, including actuarial justification of filed rates
- Research and summarize state laws and regulatory requirements affecting insurance coverages and communicate issues for appropriate review
- Prepare written instructions regarding rate and product changes and respond to questions about company rate structures
- Maintain worksheets and programs used to generate assigned product manuals
- Support computerized pricing systems and related information, including rate changes, rate level indications, loss statistics, actuarial reports, and loss development triangles
- Participate in the development, modification, and testing of technology supporting assigned product lines
- Partner with software development teams to help ensure technology solutions are straightforward and easy to use
- Support special actuarial and pricing projects and monitor relevant regulatory, legislative, and insurance industry developments
- Collaborate across Pricing, Underwriting, Actuarial, Regulatory, and Technology teams
Requirements
What you’ll need- Bachelor’s degree in a related field or equivalent work experience
- One or more years of relevant work experience
- Proficiency with spreadsheet software
- Strong ability to organize and analyze data with accuracy and attention to detail
- Excellent verbal and written communication skills
- Strong computer proficiency and ability to learn quickly
- Ability to work independently, manage detailed work, and maintain confidentiality
- Two to three years of related work experience preferred
- Knowledge of finance, business, statistics, and insurance principles preferred
- Experience with database manipulation software, statistical software, or programming preferred
- Knowledge of the insurance industry preferred
- Passage of two to four Casualty Actuarial Society (CAS) examinations preferred
Benefits
Comp & perks- Retirement and savings plan with immediate enrollment and 100% employer match up to 5%
- Medical, Dental and Vision for regular, full-time employees and eligible dependents
- Employee Resource Groups for volunteering, connecting with others, social gatherings, and professional development
- Online wellness portal
- Complimentary state-of-the-art onsite fitness center at the Omaha office
- Robust wellness program
- Dedicated Learning & Development program
- 100% upfront Educational Reimbursement program
- Subsidized downtown parking
- Competitive time off policies including parental leave
- Employee Assistance program