Insurance Pricing Analyst

Position Overview

NICO National Indemnity Company – a member of the Berkshire Hathaway group – offers an exciting blend of large company benefits with a friendly, small company atmosphere and unparalleled financial strength and stability. The Pricing Analyst serves as a technical resource in the development and testing of rating and policy administration systems for assigned lines of business, identifies potential business issues, and assists in staff training. This role is based in Omaha, NE with up to 50% hybrid work available at management discretion after training. Please note, this position is NOT ELIGIBLE for employer visa sponsorship.

Key Responsibilities

• INSURANCE PRICING STUDIES: Designs and initiates analysis, compiles data, and computes statistics for insurance rating studies under manager oversight for complex tasks.
• RATING ANALYSIS: Initiates analyses, calculates indications, and recommends changes in rate levels and rating structures based on statistical analyses, company experience, market conditions, legal climate, and underwriting practices.
• RATE MANUALS: Designs company rate manual pages according to management and underwriting decisions.
• REGULATORY FILING APPROVALS: Prepares exhibits, explanations, justifications, and statistical analyses for company rate filings, state forms, and manual pages submitted to Insurance Departments.
• LEGISLATIVE REVIEW: Researches, interprets, summarizes, and communicates state law requirements affecting coverages and recommends responses to management and/or regulatory personnel.
• RATE INSTRUCTION: Issues written instructions on rate and product changes to agents and home office personnel, and responds to inquiries regarding company rate structures.
• STATISTICAL STUDIES: Conducts complex statistical studies on cost components used in pricing studies such as loss development factors, trend factors, increased limit factors, and expense loads.
• PRICING SYSTEMS: Designs and implements maintenance processes for the company’s computerized core pricing system used for actuarial reports and pricing evaluations.
• TECHNOLOGY LIAISON: Participates in and organizes the development, modification, and testing of software technology related to assigned product lines.

Required Qualifications

• Bachelor's degree in a related field or equivalent work experience.
• One or more years of work experience.
• Familiarity with personal computer spreadsheet software.
• Understanding of finance, business, statistics, and insurance principles.
• Experience with personal computer database manipulation software, statistical software, and programming.
• Basic knowledge of the insurance industry.

Preferred Qualifications

• Excellent oral and written communication skills.
• High proofreading proficiency.
• Strong computer skills.
• Ability to learn quickly and think analytically.
• High attention to detail and accuracy.
• Ability to work independently while maintaining confidentiality.
• Strong organizational skills and data analysis capabilities.
• Creativity in designing high-level statistical analyses.

Benefits & Perks

• Retirement and Savings Plan with immediate enrollment and 100% employer match up to 5%.
• Medical, Dental, and Vision coverage for full-time employees and eligible dependents.
• Dedicated Learning & Development program to support personal and professional growth.
• 100% Upfront Educational Reimbursement program.
• Subsidized downtown parking.
• Competitive time off policies, including parental leave.
• Employee Assistance Program.
• Access to Employee Resource Groups for volunteering, social gatherings, and professional development.
• A robust Wellness Program featuring an online wellness portal and a complimentary state-of-the-art onsite fitness center at the Omaha office.