Geico

Senior Insurance Pricing Analyst

Geico$100K — $212K *
US-Anywhere
+ 2 other locationsRemote
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Mathematics, Statistics, Actuarial Science, Finance, Economics, or related field, or equivalent experience.
  • 3 to 7 years of relevant experience in actuarial, pricing, or analytics roles.
  • Experience in conducting statistical analyses with both quantitative and qualitative methods.
  • Knowledge of actuarial pricing principles and methodologies.
  • Strong analytical and critical-thinking abilities.
  • Excellent communication and relationship-building skills.
  • Ability to thrive in a fast-paced, team-oriented environment.

Responsibilities

  • Partner with Product Management, R&D, Marketing, and Finance to assess the impact of market changes on business performance.
  • Communicate analytical findings and recommendations to stakeholders.
  • Monitor and report on expected loss ratios and rate indications.
  • Evaluate pricing strategies and identify customer segmentation opportunities.
  • Lead development of pricing indications and enhance actuarial analysis quality.
  • Serve as a subject matter expert in line-of-business pricing and resolve complex pricing issues.
  • Supervise and mentor junior team members to build leadership experience.

Benefits

  • Support for pursuing actuarial credentials and exam preparation resources.
  • Opportunity to develop expertise across multiple insurance lines.
  • Work in a collaborative environment with cross-functional teams.
  • Flexible work arrangement options, including hybrid and remote opportunities.
Full Job Description

Job Summary: 

This role partners closely with GEICO's Specialty Product Management, Research & Development, Marketing, and Finance teams to support pricing initiatives across Commercial, Personal Umbrella, Motorcycle, Recreational Vehicle, and Boat lines of business. This role offers a meaningful opportunity to develop subject matter expertise across lines of business with unique risks, complications, and opportunities.   

The successful candidate will provide thought leadership on complex analytical challenges, collaborate across functions to influence business strategy and decision-making, and lead the development and implementation of solutions to technical pricing problems. 

GEICO supports employees who wish to pursue actuarial credentials and offers resources to assist with actuarial exam progression. Actuarial exams are encouraged but are not a requirement for this position. 

Compensation will be determined based on factors including skills, experience, education, certifications, and geographic location. 

Key Responsibilities: 

  • Partner with Product Management, Research & Development, Marketing, and Finance teams to evaluate the impact of external market and environmental changes on business performance and strategic initiatives. 

  • Communicate analytical findings, methodologies, and recommendations clearly to business stakeholders and leadership. 

  • Monitor and report on expected loss ratio performance and rate indication trends. 

  • Evaluate pricing strategies and customer segmentation opportunities to improve business outcomes. 

  • Provide leadership in developing pricing indications and targets while enhancing the efficiency, transparency, and quality of actuarial analyses. 

  • Serve as a subject matter expert for line-of-business pricing and resolve complex pricing issues as they arise. 

  • Lead actuarial analyses, including trend selections, rate indications, and rate filing support. 

  • Supervise, mentor, and develop junior team members while gaining valuable leadership and supervisory experience. 

Qualifications: 

  • Bachelor's degree or higher in Mathematics, Statistics, Actuarial Science, Finance, Economics, or a related quantitative field, or equivalent experience. 

  • 3 to 7 years of relevant actuarial, pricing, analytics, or related experience. 

  • Demonstrated experience conducting statistical analyses and applying quantitative and qualitative methods to solve business problems. 

  • Working knowledge of actuarial pricing principles and methodologies. 

  • Strong analytical, problem-solving, and critical-thinking skills. 

  • Excellent communication, collaboration, and relationship-building abilities. 

  • Ability to work effectively in a fast-paced, team-oriented environment. 

Work Arrangement: 

This position may be performed as: 

  • A hybrid role based in the Bethesda, MD office, or 

  • A fully remote position within the United States. 

Required Skills & Competencies: 

  • Ability to work effectively both independently and in a collaborative team environment. 

  • Strong organizational skills with the ability to manage multiple priorities simultaneously. 

  • Ability to learn, interpret, and apply complex technical and procedural information. 

  • Excellent verbal and written communication skills. 

#LI-GC1


 

Annual Salary

$100,450.00 - $212,175.00

The 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.

About Geico

GEICO (Government Employees Insurance Company) is an American auto insurance company with headquarters in Chevy Chase, Maryland. It is the second largest auto insurer in the United States, after State Farm. GEICO is a wholly owned subsidiary of Berkshire Hathaway that provides coverage for more than 24 million motor vehicles owned by more than 15 million policy holders as of 2017. GEICO writes private passenger automobile insurance in all 50 U.S. states and the District of Columbia. The insurance agency sells policies through local agents, called GEICO Field Representatives, and over the phone directly to the consumer, and through their website.
Learn more about Geico
Size
40,000 employees
Industry
Founded
1936

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