Pricing Manager

Job Type:

Permanent

Build a brilliant future with Hiscox
 

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 actuarial methods & models, KPI dashboards and communicating model results to key stakeholders. This role will manage a small team of analysts that will assist in the development, implementation, and upkeep of the models and dashboards. 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 models, quarterly processes, and dashboards.
• Execute and improve on quarterly processes like loss ratio projections, rate indications, trend analysis, and other key assumptions.
• Manage and coach a small team of analysts to execute on the top technical priorities of Hiscox USA.
• Develop and improve on processes like return on capital pricing, and rate change tracking.
• 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 reserving, business planning, finance, and underwriting leads in communicating loss ratios and rate indications.

Person Specification:

• 5+ years of actuarial pricing experience preferably in small business commercial or personal lines.
• 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.
• Coding skills in SQL, VBA, and/or R.
• Experience with data visualization tools like Power BI or Tableau.
• 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: Do the right thing however hard
• Quality: World class where it matters
• Integrity: True to our word
• Excellence in Execution: Consistent, timely, efficient delivery
• Human: Firm, fair and inclusive

 What Hiscox USA Offers

• 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 plus 2 Hiscox days,10 paid holidays plus 1 paid floating holiday, and ability to purchase up to 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 
• 2023 Gold level recipient of Cigna’s Healthy Workforce Designation for having a best-in-class health and wellness program 
• Dynamic, creative and values-driven culture 
• Modern and open office spaces, complimentary drinks 
• Spirit of volunteerism, social responsibility and community involvement, including matching charitable donations for qualifying non-profits via our sister non-profit company, the Hiscox USA Foundation 

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 US

Hiscox USA was established in 2006 to focus primarily on the needs of small and middle market commercial clients, via both the 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 420 employees mostly operating out of 6 major cities - New York, Atlanta, Chicago, Hartford, Scottsdale, and Los Angeles. 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.

Diversity and flexible working at Hiscox

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. 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. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

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