Pricing Analyst
Houston, TX, 77056
Pricing Analyst
Full Time • Houston, TX, 77056
Benefits:
- 401(k)
- 401(k) matching
- Competitive salary
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
- Wellness resources
Who we are:
We are a legal access employee benefits company that makes the needs of members a priority and strives to offer them the best product and service in a personal, but professional, manner.
At LegalEASE, we consider our culture to be among our most important resources. Over the decades our team members have built our culture into what it is today — an environment for our team members to be creative and grow, have fun and be successful, and help our customers to the best of their abilities. Today, this culture is the core at our decision making and strategy.
Join our Team:
We create a customer focused work environment by providing Team Members with the same level of service, respect, and dignity that we provide to our members. Our deeply instilled culture is personified by our Team Members who ensure that we have helped each and every member to the best of our abilities, and to become a company that is easy to work with. If you want to be a part of this cohesive team with opportunities to build a successful career, LegalEASE is the right place for you.
Job Purpose:
The Pricing Analyst is responsible for developing price quotes for new business opportunities according to the company’s rate manual; maintaining underwriting records and detailed quote log; conducting in-depth analysis of pricing trends and loss ratios; preparing renewal quotes based on loss history; assisting in developing rates and support for new plan benefits; performing profitability analysis; developing pricing models and tools; assisting with regulatory approval of rates and rate changes; developing tactical plans to meet departmental objectives; processing new business and endorsements for accounts; detailing risk assessments; making recommendations for improved profitability and resolving issues based on product, marketing, and pricing/ underwriting needs.
Essential Functions
Individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Follows the vision, goals, and direction of the department.
- Performs pricing functions by establishing priorities, meeting deadlines, resolving issues, and communicating with sales and executive team.
- Improves the efficiency of existing pricing models; develop rates, rating factors and parameters for new and existing programs in line with business requirements based on product, marketing, and underwriting needs.
- Prepares data analysis using various modeling of data and statistical techniques.
- Conducts analysis of profitability of accounts and business segments, as required.
- Analyzes pricing, develops/ maintains pricing models, evaluates portfolio composition, makes recommendations, and synthesizes results to improve profitability.
- Identifies data requirements for analysis, develops pricing tool and methodologies, while ensuring effective use to reach profit and growth objectives.
- Updates databases and methodologies for actuarial reviews, understands the company’s underwriting and claims process, business environment and their incorporation in data resources and analyses performed.
- Understands market development and ensures that loss trends are understood and reflected in underwriting activities.
- Prepares analyses for rate related decisions and presents findings in a non-technical way when needed, incorporating input from various aspects of insurance disciplines, and facilitating agreement on rate actions, adjustments, new programs, etc.
- Coordinates with different partners to prepare, file, and obtain regulatory approval of rates and rate changes.
- Develops and maintain Profitability Reports and linkage of pricing systems with underwriting reporting systems.
- Assists in the compilation of portfolio-level statistics, premium, loss ratio, combined ratio, and distribution of accounts by various segments.
- Processes new business/renewals and endorsements for assigned accounts and perform underwriting analysis for new and renewal business.
- Assists with the issuance of policies and endorsements.
- Evaluates policies with regards to the company’s underwriting standards and prepare reports that detail risk assessments.
- Performs other duties as assigned.
Additional Functions
- Proactively build relationships with leadership team/department heads, in order to more successfully and efficiently complete and prioritize Pricing Analyst tasks under deadline.
- Maintain in-depth working knowledge of LegalEASE’s systems and processes
- Perform other related duties as assigned
- Proactively manage time and workload to meet deadlines on account pricing and project targets.
- Bachelor’s degree/ Actuarial or underwriting coursework or experience a plus
- Preferred insurance or related industry pricing, or financial analysis experience.
- Technologically savvy and data driven, Advanced MS-Excel proficiency a must.
- Ability to work in fast-paced environment.
- Excellent communication skills and ability to interpret abstract information.
Required Qualifications
- Bachelor’s degree/ Actuarial or underwriting coursework or experience a plus
- Preferred insurance or related industry pricing, or financial analysis experience.
- Technologically savvy and data driven, Advanced MS-Excel proficiency a must.
- Ability to work in fast-paced environment.
- Excellent communication skills and ability to interpret abstract information.
Work Environment
This job operates in a clerical, call center office setting. This role routinely uses standard office equipment such as computers, phones, and fax machines.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee is regularly required to speak or hear. The employee frequently is required to stand, walk, use hands to finger, handle or feel, and reach with hands and arms.
Position Type and Expected Hours of Work
This is a full-time position. The basic expectation is 40-45 hours worked per week.
This is a full-time position. The basic expectation is 40-45 hours worked per week.
Other Duties
The above job description is meant to describe the general nature and level of work being performed; it is not intended to be construed as an exhaustive list of all responsibilities, duties and skills required for the position. This job description in no way states or implies that these are the only duties to be performed by the employee occupying this position. Employees will be required to follow any other job-related instructions and to perform other job-related duties requested by their supervisor in compliance with Federal and State Laws. Requirements are representative of minimum levels of knowledge, skills and/or abilities. To perform this job successfully, the employee must possess the abilities or aptitudes to perform each duty proficiently. Continued employment remains on an “at-will” basis.
Our Offering:
- Culture built on Trust, Respect, and Integrity
- Environment that supports the personal drive for excellence
- Access to robust health insurance and legal benefit plans
- Training and Development opportunities
- Paid vacation
- Free Fitness Center on property
- 401 (k) Retirement plan
Work Authorization/Security Clearance:
- Candidate must have valid work authorization for the U.S.
- A criminal background investigation is conducted on every Legal Access Plans employee.
- All job requirements are subject to possible modification to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a direct threat or significant risk to the health and safety of themselves or other employees.
AAP/EEO Statement:
Legal Access Plans is an equal opportunity employer.
Compensation: $60,000.00 - $80,000.00 per year
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
LegalEASE Mission Statement
To become the premier provider of legal plan benefits by providing extensive support, coaching and access to experienced attorneys in the highest quality manner, while holding true to our principles, values and goals as we grow.
Who we are
LegalEASE, a Legal Access Company, offers robust Legal Insurance Plans to employers and their employees across the nation. Through our service, members gain access to an easy-to-use legal service platform to get assistance with personal and family legal matters.
LegalEASE makes the needs of members a priority and strives to offer them the best product and service in a personal, but professional, manner. We take into consideration the employee’s feelings about their legal issue, and take the extra step in the attorney search process by providing an Advocate to the Member, who will remain with them throughout their case.
Since 1971, LegalEASE has been the industry standard in legal benefits and service. For the past 50 years we have made it our mission to deliver the best service imaginable to our members.
Inc. Magazine awarded LegalEASE as one of the Top 5000 Fastest-Growing Companies in 2011, 2012, 2013, 2017, & 2020.
We are 10 million members strong, with over 20,000 network providers, and growing.
Life and Culture
At LegalEASE, we consider our culture to be among our most important resources. Over the decades our team members have built our culture into what it is today — an environment for our team members to be creative and grow, have fun and be successful, and help our customers to the best of their abilities. Today, this culture is the core at our decision making and strategy.
When you join the Team you get to work with an Incredible Group of Extraordinary Human Beings passionately engaged in our mission to make a real difference in the lives of our members.
Our Guiding Principles
- Create a customer focused work environment by providing your coworkers with the same level of service, respect and dignity you would a member
- Embrace diversity as an essential component in the way we do everything.
- Apply the highest standards of excellence in the credentials of our Providers, level of service and processes we use daily
- Help each member individually and ensure that everything you do is in the interest of the member
- Contribute positively to our industry, community and our environment
- Recognize that productivity is essential to our profitability and future success
Join Our Team
We create a customer focused work environment by providing Team Members with the same level of service, respect, and dignity that we provide to our members. Our deeply instilled culture is personified by our Team Members who ensure that we have helped each and every member to the best of our abilities, and to become a company that is easy to work with.
If you want to be a part of this cohesive team with opportunities to build a successful career, LegalEASE is the right place for you.
We create a customer focused work environment by providing Team Members with the same level of service, respect, and dignity that we provide to our members. Our deeply instilled culture is personified by our Team Members who ensure that we have helped each and every member to the best of our abilities, and to become a company that is easy to work with.
If you want to be a part of this cohesive team with opportunities to build a successful career, LegalEASE is the right place for you.
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Growth and Career Advancement
At LegalEASE you are empowered to lead and be an active participant in your career growth. With various coaching, mentoring opportunities including our Leadership in Training program.
Health and Wellness
Our benefits are designed to support you and your family, build and promote a balanced approach to health and wellbeing. We offer a competitive benefits package, including traditional benefits medical, dental, vision, 401k and Life Insurance.
Compensation
We offer competitive compensation as well as a company 401K match, holiday pay, Legal Plan, medical expense card and additional Supplemental involuntary insurance plans that cater to the needs of our diverse team.
On-Site Amenties
Free Fitness Center
On-site Cafe
Lunch Drop
Secured Parking
PTO
We value and encourage having a good work/life balance and want to make sure that our employees have time away from work to relax and recharge with Vacation, Sick and Personal Leave options.
Flexibility
We know that one desk doesn't fit all and that great work happens anywhere. Our flexible approach means we have remote, hybrid and in office opportunities.