Senior Insurance Pricing Analyst
Role Overview
This role partners closely with GEICO's Specialty Product Management, Research & Development, Marketing, and Finance teams to support pricing initiatives across Commercial, Personal Umbrella, Motorcycle, Recreational Vehicle, and Boat lines of business.
This role offers a meaningful opportunity to develop subject matter expertise across lines of business with unique risks, complications, and opportunities.
The successful candidate will provide thought leadership on complex analytical challenges, collaborate across functions to influence business strategy and decision-making, and lead the development and implementation of solutions to technical pricing problems.
GEICO supports employees who wish to pursue actuarial credentials and offers resources to assist with actuarial exam progression.
Actuarial exams are encouraged but are not a requirement for this position.
Key Skills for This Role
Full Job Posting
Key Responsibilities:
- Partner with Product Management, Research & Development, Marketing, and Finance teams to evaluate the impact of external market and environmental changes on business performance and strategic initiatives.
- Communicate analytical findings, methodologies, and recommendations clearly to business stakeholders and leadership.
- Monitor and report on expected loss ratio performance and rate indication trends.
- Evaluate pricing strategies and customer segmentation opportunities to improve business outcomes.
- Provide leadership in developing pricing indications and targets while enhancing the efficiency, transparency, and quality of actuarial analyses.
- Serve as a subject matter expert for line-of-business pricing and resolve complex pricing issues as they arise.
- Lead actuarial analyses, including trend selections, rate indications, and rate filing support.
- Supervise, mentor, and develop junior team members while gaining valuable leadership and supervisory experience.
Qualifications:
- Bachelor's degree or higher in Mathematics, Statistics, Actuarial Science, Finance, Economics, or a related quantitative field, or equivalent experience.
- 3 to 7 years of relevant actuarial, pricing, analytics, or related experience.
- Demonstrated experience conducting statistical analyses and applying quantitative and qualitative methods to solve business problems.
- Working knowledge of actuarial pricing principles and methodologies.
- Strong analytical, problem-solving, and critical-thinking skills.
- Excellent communication, collaboration, and relationship-building abilities.
- Ability to work effectively in a fast-paced, team-oriented environment.
- Work Arrangement:
- This position may be performed as:
- A hybrid role based in the Bethesda, MD office, or
- A fully remote position within the United States.
- Required Skills & Competencies:
- Ability to work effectively both independently and in a collaborative team environment.
- Strong organizational skills with the ability to manage multiple priorities simultaneously.
- Ability to learn, interpret, and apply complex technical and procedural information.
- Excellent verbal and written communication skills.
- #LI-GC1
- Annual Salary
- The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.
- The GEICO Pledge:
- Great Company: Protecting customers through life’s twists and turns with innovation and integrity.
- Great Careers: Personalized development programs, mentorship, and certification assistance.
- Great Culture: Inclusive and collaborative culture rooted in shared success.
- Great Rewards: Competitive pay, benefits, and flexibility to support your well-being and future.
- The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.
- GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.
About GEICO
A leading provider of auto and property insurance.
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