Pricing Analyst (Actuary)

US-FL-Tampa
Tampa
Category
Actuarial/Pricing
Type
Regular Full-Time

Our Company

About Us:

American Integrity Insurance, the premier writer of Florida homeowners insurance, has more than 240,000 customers and is exclusively represented by more than 900 independent agents who specialize in this complex and ever-evolving market. We offer sound and comprehensive home, condo, rental property and manufactured home insurance to families throughout the Sunshine State. Comprised of nearly over 160 insurance professionals, most of whom work in our Tampa-area headquarters, we have been recognized as a Top Place to Work in Tampa by the Tampa Bay Times and a Best Places to Work in Insurance by Business Insurance magazine for the past three years.

 

A Day in the Life:

Who Says Insurance Can’t Be Fun? From company picnics to charity events, no one can ever say American Integrity Insurance doesn’t understand the importance of having fun, helping others and giving back. Our company culture is priceless, and we hold true to our six core values: integrity, commitment, teamwork, humility, passion and fun. As a team working to provide home insurance solutions to our policyholders, together we aim to achieve greater heights each day and celebrate each other's accomplishments along the way. It is our mission to continue providing reliable, customer-centric homeowners insurance to Florida residents and paying claims in a timely manner when our customers suffer a loss – and to do so with Integrity.

 

Learn more about American Integrity Insurance and our job opportunities at www.aiicfl.com.   

This Job

Title: Pricing Analyst

 

You'll Report to: Pricing Manager

 

The Pricing Analyst prepares in depth analysis of the company’s insurance products evaluating pricing and underwriting variables by performing modeling, loss ratio relativities, and similar analysis and provides product recommendations accordingly. Develops and supports suggested rates and rating factors in line with business requirements based on product, marketing, and underwriting needs. Prepares rate filing documents for submission to the Office of Insurance regulation. Assists with subsequent dialogue with the OIR to obtain regulatory approval of rates and rate changes.

What You’ll Do

  • Analyzes pricing and underwritng variables for adequacy, correlation, loss propensity and makes recommendations accordingly.
  • Performs profitability analysis helping to maintain rate adequacy.
  • Develops rates and rating factors for new and existing programs.
  • Prepares data analysis, including multi-variate analysis and other complex modeling of data.
  • Utilizes statistical and predictive modeling techniques to solve complex problems.
  • Processes accurate and well documented business requirements for all changes.
  • Prepares filing documents of underwriting or rating changes with the OIR with complete and adequate data suport.
  • Performs all tasks using established quality control procedures and checklists.
  • Tests changes for acccuracy and documents discrepancies.
  • Issues appropriate paperwork for all system rating, rule, or processing errors.
  • Follows-up to ensure corrections are made timely and accurately.
  • Identifies and resolves rating discrepancies.
  • Assists internal partners with rating/manual rules inquiries.
  • Works independently on investigating and supporting new products and features.
  • Reviews and recommends procedure changes; develops documentation and implementation processes for changes as needed.
  • Speeds up workflows by automating routine indications and profitability analysis, with clear documentation.
  • Continues professional education through taking and passing actuarial exams as developed with manager.

What You’ll Need to be a Top Candidate

EducationBachelor’s Degree in Mathematics, Finance, Actuarial Science or equivalent education and experience required.

 

ExperienceThree (3) to five (5) years of Personal Lines Property ratemaking experience.

 

Skills & Knowledge:

  • Proven knowledge of insurance concepts, insurance ratemaking principles and practices.
  • Application of acquired knowledge and education to interpret laws and regulations as related to Property and Casualty insurance products.
  • Knowledge of mathematical concepts and relational databases.
  • COGNOS, SQL and Access are preferred.  Exceptional Excel skills required.
  • Excellent documentation, presentation, interpersonal, organization and leadership skills; practiced research skills.
  • Strong ability to read, analyze, and interpret governmental regulations, technical procedures, insurance business periodicals/circulars, and professional journals.
  • Skilled in writing reports, business correspondence, work orders and procedure manuals.
  • Capability to work with mathematical concepts such as probability and statistical inference.
  • Ability to apply concepts to practical situations
  • Skill to define problems, collect data, establish facts, and draw valid conclusions
  • Ability to interpret an extensive variety of technical data
  • Demonstrated ability to learn additional software applications as required.
  • Ability to present ideas and information in a clear, concise, organized and diplomatic manner; gather information from multiple parties to ensure all perspectives are heard and considered; listen to others to respond effectively to ideas, thoughts and questions; express information and ideas effectively in settings including aligned or un-aligned feedback to obtain desired results.
  • Flexibility in shifting focus or course of action.
  • Resourceful in gaining input to solve problems.
  • Strong working knowledge of basic ratemaking required.
  • At least 3 years of Personal Lines Property ratemaking is required for the role. Florida Homeowners ratemaking experience is a plus. Experience with catastrophe models, predictive modeling techniques and reinsurance is plus.

Your Environment

Working Conditions: Normal business office environment.  Must be able to remain in a stationary position for periods of time while constantly operating a computer and or other office productivity machinery such as a calculator or telephone.  The person in this position needs to occasionally move about inside the office to access file cabinets, office machinery or communicate with coworkers. 

 

Travel: Minimum, as required

 

ADA: The above statements cover what are generally believed to be the principal and essential functions of this job.  Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of job duties.  

 

American Integrity Insurance Group is an Equal Opportunity Employer

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