Pricing Manager

Hiscox•Boston, MA

1d•$135 - $180•Hybrid

About The Position

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.

Requirements

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.

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.

Benefits

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