Pricing Analyst

About the Role

This is a high-impact role for a critical thinker who enjoys applying analytical and innovative thinking to develop, implement, and maintain pricing processes, tools, and strategies in partnership with multiple teams within the organization. You'll work as part of a team whose work will be wide-ranging, spanning multiple business functions and requiring a multi-disciplinary approach to problem-solving and analysis. The position reports to the Pricing Manager, supporting the continued advancement and development of pricing methodologies, providing decision support for strategic initiatives, implementing actuarial techniques, and establishing and maintaining a rate adequacy monitoring process. The pricing team's day-to-day involvement throughout the organization helps influence and shape the performance of the business. This is a fantastic opportunity to join Hiscox USA, a growing business where you will be able to make a real impact. You will become part of a team that is leading innovation within the company to develop and deploy strong pricing capabilities and build out a unique best-in-class pricing framework.

Key Responsibilities

• Maintain and streamline quarterly rate indication process including methodologies, assumptions, documentation, validation, data, and communication of results.
• Understand, communicate, and apply standard actuarial techniques and methodologies, including loss development, trending, premium on-leveling, permissible loss ratio development, and generalized linear models.
• Communicate product concerns and recommendations to relevant teams within the organization through PowerPoint and data visualization tools (Tableau).
• Develop data processes, including understanding data structures, creating SQL queries, building validation processes, and addressing data inconsistencies.
• Organize and provide support for rate filings.
• Support senior pricing team members in any required projects.
• Develop rates and factors for new products.
• Monitor product performance.
• Track rate adequacy.
• Make rate recommendations.

Requirements & Tech Stack

• SQL
• VBA
• R
• PowerPoint
• Tableau

Qualifications

• Bachelor’s Degree or equivalent experience in a relevant field.
• 0-3 years of experience in pricing.
• Progress toward actuarial accreditation from the CAS (1+ exams preferred).
• Coding skills in SQL, VBA, and/or R.
• Excellent written and verbal communication skills.
• Mental agility and adaptability to changing circumstances.
• Strong drive for knowledge and development.