Pricing Manager

Job Type:

Build a brilliant future with Hiscox
 

Pricing Manager

Role & Team:

The Pricing Manager role is a high impact position 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 developing and implementing rate strategies through deep analysis and managing a rate fling process. This role will manage a small team of analysts that will assist in the execution and implementation of the rate strategy. This role reports directly into the Head of Pricing with the primary objective of creating 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.

Key Responsibilities:

• Create, maintain, and streamline a rate filing process that includes rate indications, factor reviews, competitor comparisons, recommendations, impact analysis, and rate filing exhibits.

• Execute on the rate strategy through the management of a team of analysts.

• Manage the implementation of the rate filing by partnering with IT, updating raters, supporting QA, and monitoring post change impacts.

• Support the quarterly rate indication process.

• Understand, communicate, and apply standard actuarial techniques and methodologies.

• Communicate product concerns and recommendations to relevant teams within the organization.

• Develop data processes that include understanding data structures, creating SQL queries, building validation processes, and addressing inconsistencies within the data.

• Function as the primary liaison for several lines of business within the organization for all pricing responsibilities, including product rate adequacy, new product development, strategic change initiatives, rate filings, and other regulatory requirements.

Person Specification:

• 5+ years of actuarial pricing experience preferably in small business commercial or personal lines.

• 5+ CAS exams or already attained the ACAS credentials.

• Education equivalent to a college degree in actuarial science, mathematics, statistics, economics or related field, or the equivalent in related work experience.

• Team leadership experience with project management skills.

• Experience handling and managing rate filings.

• Coding skills in SQL, VBA, and/or R.

• Excellent written and verbal communication skills.

• Strong math, analytical and problem-solving skills.

Hiscox Values:

At Hiscox our spirit is in Challenging Convention and everything we do is guided by our Values.

• Courage: Dare to take a risk

• Ownership: Passionate, commercial and accountable

• Integrity: Do the right thing, however hard

• Connected: Together, build something better

• Human: Clear, fair and inclusive

What Hiscox USA Offers:

• 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 2024 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 

**Please note that this position is hybrid and requires two (2) days in our office weekly**

Salary range: $135-$180k

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.

About Hiscox:

As an international specialist insurer, we are far removed from the world of mass market insurance products. Instead, we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.

We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.

Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.

Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.

About Hiscox USA:

Hiscox USA was established in 2006 to focus on the needs underserved and specialty commercial clients via both the regional broker and direct distribution channels and is today the fastest-growing business unit within the Hiscox Group.

Today, Hiscox USA has a talent force of about 400 employees mostly operating out of 6 major cities - New York, Atlanta, Dallas, Chicago, Los Angeles and San Francisco. Hiscox USA offers a broad portfolio of commercial products, including technology, cyber & data risk, multiple professional liability lines, media, entertainment, management liability, crime, kidnap & ransom, commercial property and terrorism.

You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)

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