Full-Time

Pricing Analyst

Specialty Lines

Posted on 10/1/2024

Geico

Geico

10,001+ employees

Direct-to-consumer auto and home insurance

Financial Services

Junior, Mid

No H1B Sponsorship

Bethesda, MD, USA

Category
Insurance
Finance & Banking
Required Skills
Data Analysis
Requirements
  • Bachelor's degree or higher with an emphasis in Finance, Mathematics, or related field of study or commensurate experience.
  • 1-4 years of relevant full-time work experience.
  • Experience in using statistical analysis and critical thinking skills to generate insights towards a larger problem.
  • Excellent communication and collaboration skills. Team player.
Responsibilities
  • Conduct statistical analysis, considering both qualitative and quantitative information, to influence and support strategic decisions. Collaborate across functions to improve analysis and to share results.
  • Understand and analyze portfolio to discover pricing opportunities within a line of business.
  • Support analysis, selection, and communication of core pricing work including trend selections and supporting rate filings.
  • Update, maintain, and improve pricing tools to support strategic management of the line of business.

GEICO provides a range of insurance products, with a primary focus on auto insurance. The company sells policies directly to consumers, which allows them to offer lower rates by eliminating intermediaries like brokers. Customers can obtain quotes, manage their policies, and file claims through GEICO's user-friendly website. In addition to auto insurance, GEICO also covers motorcycles, ATVs, RVs, as well as home and renters insurance. What sets GEICO apart from its competitors is its strong online presence and memorable advertising campaigns that enhance brand recognition and customer loyalty. The company's goal is to simplify the insurance process for its customers while providing competitive rates and comprehensive coverage options.

Company Stage

Acquired

Total Funding

N/A

Headquarters

Tulsa, Oklahoma

Founded

1936

Simplify Jobs

Simplify's Take

What believers are saying

  • Expansion into commercial insurance diversifies revenue and reduces dependency on auto insurance.
  • Recent $2 billion profit in Q3 supports investments in technology and service enhancements.
  • New fan engagement platform with MLB boosts brand visibility through sports marketing.

What critics are saying

  • Increased regulatory scrutiny from data breaches may lead to higher compliance costs.
  • Departure of key marketing personnel could disrupt customer acquisition strategies.
  • Customer dissatisfaction with claims handling could harm reputation and retention.

What makes Geico unique

  • GEICO's direct-to-consumer model offers competitive rates by eliminating intermediaries.
  • Strong online presence allows easy policy management and claims filing for customers.
  • Memorable advertising campaigns enhance brand recognition and customer loyalty.

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