Insurance Pricing Analyst

Company:

NICO National Indemnity Company

Want to work for a company with unparalleled financial strength and stability that offers “large company” benefits with an exciting, friendly, and “small company” atmosphere?  Our companies, as members of the Berkshire Hathaway group of Insurance Companies, provides opportunities for professionals interested in just that. 

The Pricing Analyst, serves as technical resource in the development and testing of rating and policy administration systems for assigned lines of business. Identifies potential problems in company business and participates in training of staff.

This position will be with National Indemnity Company in Omaha, NE and up to 50% hybrid at management discretion after a period of training. This position is NOT ELIGIBLE for employer visa sponsorship.

What will you do?

• INSURANCE PRICING STUDIES: Designs and initiates analysis, compiles data, and computes statistics for insurance rating studies with manager oversight of only the most complicated tasks.

• RATING ANALYSIS: Initiates analyses, calculates indications, and recommends changes in rate levels and rating structures based on statistical analyses, company experience, market conditions, legal climate, and underwriting practices to management and underwriting.

• RATE MANUALS: Designs company rate manual pages according to decisions of management and underwriting.

• REGULATORY FILING APPROVALS: Designs and compiles exhibits, explanations, justifications, and statistical analysis for the submission of company rate filings, state filing forms, and manual pages to the Insurance Departments.

• LEGISLATIVE REVIEW: Researches, interprets, summarizes, and communicates state law requirements affecting coverages. Examines more complicated issues and recommends responses to manager and/or regulatory personnel for review.

• RATE INSTRUCTION: Issues written instructions on rate and product changes to agents and home office personnel, and answers inquiries concerning the company rate structures for company personnel.

• STATISTICAL STUDIES: Performs statistical studies of increasing complexity on the appropriate cost components for use in pricing studies such as loss development factors, trend factors, increased limit factors, expense loads, etc.

• PRICING SYSTEMS: Designs and implements processes for maintenance of the company's computerized core pricing system used to produce standard actuarial reports and information required for pricing and management result evaluation purposes.

• TECHNOLOGY LIAISON: Participates and organizes the development, changes, and test of software technology relating assigned product lines.

What are we looking for?

• Bachelor's degree in related field or equivalent work experience.

• One or more years work experience.

• Personal computer related spreadsheet software

• Principles of finance, business, statistics, and insurance

• Personal computer database manipulation software, statistical software, and programming

• Knowledge of insurance

Who would excel in this role? Someone with/who can

• Excellent oral and written communication

• Proofreading proficiency

• Computer proficiency

• Learn quickly

• Be able to think analytically

• Work with detail with accuracy

• Work independently

• Maintain confidentiality

• Organize and analyze data

• Be creative in the design of high-level statistical analyses

We want you to be involved! We offer Employee Resource Groups for volunteering, connecting with others, social gatherings, and professional development. We also regularly seek employees input through companywide surveys.

We care about your health and wellbeing! Our Wellness program is integrated into the Company culture with an online wellness portal that offers a year-round, one-stop-shop to manage and track all areas of health, our Omaha office boasts a complimentary state-of-the-art onsite fitness center, and a robust wellness program.

Benefits, Perks and more! We offer retirement and savings plan with immediate enrollment with 100% employer match up to 5%, Medical, Dental and Vision for regular, full-time employees and eligible dependents, a dedicated Learning & Development program for employees to grow personally and professionally, 100% upfront Educational Reimbursement program, subsidized downtown parking, competitive time off policies including parental leave, an Employee Assistance program and much more!