Rating Analyst

Posted An Hour Ago
Be an Early Applicant
Hiring Remotely in Iowa, USA
Remote
61K-92K Annually
Junior
Fintech • Insurance
The Role
Performs insurance premium rating analysis, maintains rating algorithms and documentation, validates data, tests rating scenarios, calculates policy impacts, and supports actuarial ratemaking and rate filings. Collaborates with developers, quality assurance, senior analysts, and stakeholders to validate rating logic, conduct peer reviews, improve processes, and communicate findings. Requires learning insurance coverages, rating practices, and operational processes.
Summary Generated by Built In

At EMC, we’re all about working together to make an impact. As part of our team, you’ll have the opportunity to grow, contribute, and gain experience that matters. We strive to be caring leaders, close partners, and responsive experts—always supporting each other to do our best work. Join us, and let’s improve lives together.

  

**This position is eligible to work a remote or hybrid schedule within the state of Iowa**

Essential Functions:

  • Performs assigned premium rating algorithm and data analysis, including building and maintaining requirements and related documentation.  Partners with senior team members to support more complex assignments.
  • Collaborates with developers and quality assurance to ensure rating logic and functionality meet project objectives.
  • Engages in quality control checks and peer reviews; recommend process improvements.
  • Prepares and validates data for analysis; maintains data integrity and organizes rating elements.
  • Calculates and reports policy impact measurements to support decision-making.
  • Researches rating-related questions.  Builds and tests sample policies and rating scenarios to validate logic.
  • Communicates findings and project updates clearly to stakeholders and team members.
  • Completes required training and certifications. Engages in self-directed and collaborative learning of line of business coverages and rating, including asking questions to learn context and understanding. Develops skills and knowledge of insurance operations.
  • Collaborates and supports actuarial ratemaking work-products including rate impact analysis and rate filings.

Education & Experience:

  • Bachelor’s degree in math, statistics, or actuarial science
  • One year of actuarial or business analysis experience

Knowledge, Skills & Abilities:

  • Strong analytical, investigation and problem-solving abilities
  • Working knowledge of mathematics, probability, statistics, and financial mathematics
  • Proficient working knowledge of Microsoft office products (Excel, Word, PowerPoint, Power BI)
  • Exposure to product management tools
  • Knowledge of at least one programming language, such as SQL or Python preferred

The hiring salary range for this position will vary based on geographic location, falling within either of the following:

$60,813 - $84,038 or $67,200 - $92,395

A hiring range represents a subset of the full salary range. The actual salary will depend on several factors, including relevant education, skills, and experience of an applicant, geographic location, and business needs.



For information relating to the benefits EMC Team Members receive as part of a comprehensive rewards package, please visit www.emcins.com/careers.

Our employment practices are in accordance with the laws that prohibit discrimination due to race, color, creed, sex, sexual orientation, gender identity, genetic information, religion, age, national origin or ancestry, physical or mental disability, medical condition, veteran status, active military status, citizenship status, marital status or any other consideration made unlawful by federal, state, or local laws.

All of our locations are tobacco free including in company vehicles.

Skills Required

  • Bachelor’s degree in mathematics, statistics, or actuarial science
  • One year of actuarial or business analysis experience
  • Strong analytical, investigative, and problem-solving abilities
  • Working knowledge of mathematics, probability, statistics, and financial mathematics
  • Proficiency with Microsoft Office products, including Excel, Word, PowerPoint, and Power BI
  • Exposure to product management tools
  • Knowledge of at least one programming language, such as SQL or Python
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The Company
HQ: Des Moines, IA
1,794 Employees
Year Founded: 1911

What We Do

EMC Insurance Companies is among the top 60 insurance organizations in the country based on net written premium, and we have more than 2,500 employees. The company was organized in 1911 to write workers’ compensation protection in Iowa. Today, EMC provides property and casualty insurance products and services throughout the United States and writes reinsurance contracts worldwide. Operating under the trade name EMC Insurance Companies, Employers Mutual Casualty Company and one or more of its affiliated companies is licensed in all 50 states and the District of Columbia.

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