Pricing Optimization Analyst
Allstate - Northbrook, IL

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This is an entry level analytical position.

The pricing optimization analyst supports pricing of personal or commercial insurance lines of business utilizing accepted actuarial standards, methodologies, and knowledge gained through on the job training.

They work closely with their Analytics Manager and State or Line Manager to develop appropriate pricing and product strategies of low complexity to support business goals.

Key Responsibilities

With direction, performs basic pricing functions used in determination of the indicated rate level need for a line of business

Can provide observations on basic trend analysis (e.g., competitor analysis, risk management, financial)

Learns and makes observations of standard financial and actuarial formulae

Follows appropriate analyses to be conducted for projects to make recommendations to achieve corporate goals

With direction plans, implements, manages, and/or contributes on projects that are up to moderate complexity and are small to moderate scale using accepted project management standards

Completes project tasks as assigned

Forecasts short-term and long-term deliverables with assistance

Tracks own plan performance and project timeline and communicates and presents project status

Ensures project controls are in place throughout the lifecycle of the project on individually assigned tasks.

Actively builds strong relationships among teams and team members to ensure cooperation on project objectives

With direction, supports the development/design of new plans, programs, processes, products up to moderate complexity

Assists in the development of communication plans

Solicits inputs from stakeholders

Participates in the evaluation of procedures and processes

Participates in the integration and delivery of planned changes/projects/ products to regions/field

Learning standard market specific implications of business strategies

Learning and adheres to proper execution of regulatory/legislative practices for Product Management

Learning and adheres to the internal and external compliance requirements/standards

Qualifications

Knowledge/Skills/Abilities/Experience

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Bachelor’s degree required – preferably in related field of study such as finance, math/applied math, statistics/applied statistics, economics

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Standard knowledge in the use of data sources and applications to conduct research

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Has an understanding of current industry and professional standards/ environment to impact decisions and indicate requirements

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Can analyze data and review analysis from others and identify and resolve basic data issues

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Computer proficiency in Microsoft Office:
Intermediate – Excel, Intermediate – Word, Beginner – Outlook, Basic - PowerPoint

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Possesses working knowledge of policies and procedures in management or other technical fields

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Strong written and verbal communication skills including the ability to effectively collaborate with multi-disciplinary groups and all organizational levels

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High level organizational and project management skills in order to handle multiple concurrent assignments in a timely manner and to monitor processes throughout a team or department

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Strong decision making skills

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Works effectively in a team environment

.

Job

Product Management

Primary Location

IL-Northbrook

Allstate - 21 months ago - save job - copy to clipboard - block
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