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Hiscox

Hiscox

Pricing Analyst

Pricing Analyst

Job Details
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Uploaded On
August 24, 2023
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Location
New York - Manhattan
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Remote?
No
Salary
$
73
k-$
100
k
Company Overview
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Headquarters
Pembroke Parish, Bermuda
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Number of Employees
3000
Estimated Number of Actuaries
68
Glassdoor Ratings
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Recommend to a Friend
84%
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Overall Score
4.0 / 5

job description:

Role & Team:

The Pricing Analyst role is a high potential position with significant opportunity for technical development, product knowledge expansion, communication experience, and the building of sound actuarial skills and processes. The role is a good fit for a critical thinker who enjoys applying analytical skills and innovative thinking to develop, implement, and maintain pricing processes, tools, and strategies in partnership with multiple teams within the organization. This role will work across several lines of business that includes Professional Liability, General Liability, BOP, Management Liability, Cyber and other specialty commercial products.

The primary function of this role will be to assist in executing on rate strategies through deep analysis, research, and rate filings. This role will assist in the development of an end-to-end product review process that will include competitor research, building GLMs, loss experience review, and rate filings. This role will report to a Pricing Manager with the primary objective of assisting to create sustainable and profitable growth for Hiscox USA.

This is a fantastic opportunity to join Hiscox USA, a growing business where your actions will directly and substantially impact the profitability of the company. You will become part of a team that is leading innovation within the company, working to develop and deploy strong pricing capabilities, and building a best-in-class pricing framework.

  • Create, maintain, and streamline a rate filing process that includes rate indications, factor reviews, competitor comparisons, recommendations, impact analyses, and rate filing exhibits.
  • Execute on the rate strategy through the rate review process.
  • Implementation of the rate filing by partnering with IT, updating raters, supporting QA, and monitoring post-change impacts.
  • Support the quarterly rate indication process by preparing exhibits, validating assumptions, and presenting results to underwriting management.
  • Understand, communicate, and apply standard actuarial techniques and methodologies.
  • Develop data processes that include understanding data structures, creating SQL queries, building validation processes, and addressing inconsistencies within the data.

person specification:

  • 3+ years of actuarial pricing experience preferably in small business commercial or personal lines.
  • 3+ CAS exams
  • Education equivalent to a college degree in actuarial science, mathematics, statistics, economics or related field, or the equivalent in related work experience.
  • Experience executing on rate filings.
  • Coding skills in SQL, VBA, and/or R.
  • Excellent written and verbal communication skills.
  • Strong math, analytical and problem-solving skills.

What we offer

  • Competitive salary and bonus (based on personal & company performance)
  • 401(k) with competitive company matching
  • Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care)  
  • Company paid group term life, short- term disability and long-term disability coverage
  • 24 Paid time off days, 2 Hiscox Days, 10 paid holidays, and ability to purchase 5 PTO days
  • Paid parental leave
  • 4 week paid sabbatical after every 5 years of service
  • Financial Adoption Assistance and Medical Travel Reimbursement Programs
  • Annual reimbursement up to $600 for health club membership or fees associated with any fitness program
  • Company paid subscription to Headspace to support employees’ mental health and wellbeing
  • Recipient of 2021 Cigna’s Well-Being Award for having a best-in-class health and wellness program
  • Dynamic, creative and values-driven culture
  • Modern and open office spaces, complimentary drinks
  • Spirit of volunteerism, social responsibility and community involvement, including matching charitable donations for qualifying non-profits via our sister non-profit company, the Hiscox USA Foundation




Salary Overview

$73,000.00 - $100,000.00

#LI-MD1

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

Apply Now

Working at 

Hiscox

Hiscox is an international insurance company that specializes in providing coverage for small and medium-sized businesses. The company was founded in 1901 and has grown to become a leading provider of business insurance in the United States and Europe. Hiscox offers a range of insurance products, including general liability, professional liability, and commercial property insurance, as well as specialized coverage options for specific industries such as technology, consulting, and creative businesses. In addition to traditional insurance products, Hiscox also offers risk management services to help businesses identify and mitigate potential risks. The company has a strong reputation for customer service and is known for its expertise in serving the needs of small and medium-sized businesses.