Overview
Why General Motors Insurance?
At General Motors Insurance, we are building an Insurtech business that will reinvent auto insurance. We are fully owned and backed by auto industry leaders General Motors and GM Financial.
This is a truly unique opportunity to join at the foundational stage of a start-up leading the transformation of the auto insurance experience.
GM has the largest connected vehicle fleet worldwide. In the US alone, there are currently 9M+ connected GM vehicles on the road and that number is projected to triple in the next 10 years. More than that, the OnStar system currently has access to over 900 data points from the vehicle. This surge in information about vehicles and how they are driven will revolutionize auto insurance. This disruption is backed by the bold GM vision of zero crashes, zero emissions and zero congestion. We are serious about the safety and financial security of our customers.
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This position will be posted until filled.
Responsibilities
The Pricing Analyst II performs analyses and tasks needed to generate and support adequate insurance products rates. This individual will support rate development, rate filing development and rate testing for state launches and active states. The Pricing Analyst II will help develop and support pricing data management that enables analyses such as rate level indications and rate change impact analysis. Prior personal lines pricing experience is a big plus. We prefer the candidate to have at least two actuarial exams and will provide support for pursuing the Casualty Actuarial Society associateship or fellowship credential.
About the role
- Support the development and execution of state pricing to ensure rate adequacy and overall insurance product performance
- Perform a variety of analyses to help inform state and countrywide pricing decisions
- Develop rate filing support as needed
- Participate in rate validation testing and ensure rating engine is working as intended
- Support data management to ensure the appropriate data and data aggregation techniques are available to perform pricing analyses
- Support the design and use of standard analyses such as rate level indications and rate change impact analysis
Qualifications
What makes you a dream candidate?
- Knowledge of personal lines insurance products and pricing analysis (auto experience preferred)
- Experience with pricing new states and/or new products is a plus
- Working knowledge of data management, and the ability to communicate data management requirements, that supports pricing analyses
- Proficient with Microsoft Office Suite as well as database creation and manipulation programs (eg, SQL) and business intelligence software
- Ability to retrieve and analyze data to support pricing decisions
- Experience with InsurQuote and/or WTW Radar Base as well as with programming languages such as R or Python are a plus
- Effective communication (verbal and written), cross-collaboration and team skills and the ability to work effectively in a team environment as well as adaptability to rapidly changing business and technological needs, with frequently changing priorities
- Ability to meet expected delivery dates and the tasks necessary to achieve objectives
- Ability to manage multiple projects simultaneously and have strong organizational skills to prioritize work appropriately
- Ability to meet documentation standards and demonstrates integrity while successfully managing work demands
Experience
- High School Diploma or equivalent required; Bachelor's Degree in Business, Finance, Math, Insurance or related field, or 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree required
- 2+ years work experience in insurance pricing (strong preference for personal lines insurance experience) required
Licenses
- Passed a minimum of 2 exams in pursuit of ACAS or FCAS credential preferred
- We offer an Actuarial Career Support Program for eligible employees
What We Offer: Generous benefits package available on day one to include: 401K matching, bonding leave for new parents (12 weeks, 100% paid), tuition assistance, training, GM employee auto discount, community service pay and nine company holidays.
Our Culture: Our team members define and shape our culture - an environment that welcomes innovative ideas, fosters integrity, and creates a sense of community and belonging. Here we do more than work - we thrive.
Compensation: Competitive pay and bonus eligibility
Work Life Balance: 100% remote
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Salary
The base salary range for this role is: USD $69,000.00 to $127,400.00. At GM Financial, we strive for transparency in all aspects of our business, including pay equity. This is the GM Financial pay range for this role and job level. The exact salary and compensation will vary based on factors like knowledge, skills, experience, and education. This role is eligible to participate in a performance-based incentive plan. Full time employees are eligible to participate in health benefits on day one of employment.