Head of Pricing

Job Description

Company

Forward thinking and always a few steps ahead. Ategrity Specialty Insurance Company is a specialty property & casualty insurance company focused on the excess and surplus (“E&S”) lines market. Since launching in 2018, Ategrity has done an extraordinary job at building its presence in the marketplace. The company is making new investments in underwriting, pricing and data analytics to propel its next phase of growth, and offers a collaborative, entrepreneurial and innovative environment.

Function

Head of Pricing is charged with delivering strategic pricing capabilities, fostering a unified perspective on pricing as a competitive advantage, and aligning the pricing strategies with business objectives and product strategy. This is not just the task of developing a rate plan or dashboard but deep knowledge that we need to compete and keep up with the sweeping changes in the industry and technological developments ahead (and needs of the present). This team does a good deal of technical work - actuarial analysis to understand prior outcomes, market research to find opportunities, and development of our rates and underwriting models. In addition to ensuring commercial viability, their work, the technical execution, is complemented with work on the product strategy. The target output is pricing plans that deliver tremendous strategic and commercial value across underwriting cycles and help the business evolve offensive strategies.

Role

This is a high-impact role for a passionate insurance analytics expert who enjoys connecting the dots between pricing, analytics, and business strategy. This individual will need to possess: strong technical skills, a strategic mind, and also conceptualize new ways of making sense of risk. You will build and lead a team to deliver the insights, pricing infrastructure, and underwriting toolkit that provides the solid foundation we need to operate as smoothly, systematically, and sustainably as possible in the face of changing markets, technologies, and competition. You’ll report to the Chief Underwriting Officer, and your work will be wide-ranging, spanning multiple business functions and all phases of the strategy/solution lifecycle– conceptualization, planning, execution, deployment, and evaluation. The incumbent must be able to successfully operate in a fast-paced and rapidly changing environment, handling multiple competing priorities and pushing the thinking of senior leaders and colleagues by providing new insights. This is a fantastic opportunity to join Ategrity, a growing business where you will be able to make a real impact.

Responsibilities

Pricing & UW Models

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• Accountable and responsible for the maintenance and maturing of the pricing strategy and framework across existing and new products.
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• Ensuring alignment between pricing and business objectives.
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• Provides proactive insights, effective communication, and consultation on pricing strategies, trends, and analysis, which inform the business’s overall pricing strategy.
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• Maintains awareness of competitors' rates, pricing strategies, business strategies, and underwriting models to develop and drive pricing solutions.
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• Lead the development of pricing and underwriting analytics toolbox capabilities to integrate data and insights to aid risk selection and pricing
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Strategy

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• Develop strong partnerships with CUO and senior underwriting leaders to understand the strategy of the business
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• Ensures team acts as a resource and advisor for the product leaders and foster adoption of new methods for achieving their overall business objectives.
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• Work closing with data and solution services team to ensure appropriate industrialization of analytic output for decision support and to setup appropriate strategic monitors
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Leadership

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• Develop and maintain analytical standards and procedures across team to ensure consistency and accuracy of analysis, execution, knowledge sharing and documentation.
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• Ability to be the “face” of the team to internal and external partners while strongly demonstrating Ategrity’s values.
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• Accountable for ensuring pricing strategy is compliant with regulatory and privacy requirements.
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Qualifications/Requirements

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• Technical: strong knowledge and experience using complex datasets to develop analytical outputs, conducting research and analysis on business topics – either in a business or academic setting.
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• Bachelor’s degree or higher in a technical discipline such as Actuarial Science, Statistics, Finance, Economics, or Engineering.
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• 5+ years of experience in a Pricing leadership role demonstrating practical application of technical skills or significant comparable academic training and experience.
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• 5+ years of experience in Insurance Pricing, Analytics, Underwriting, Exposure management, or Claims function
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• People management/development: Strong people management and development experience with a track record of getting others to execute efficiently towards a common and understood goal.
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• Ability to lead projects: Excellent project management skills; able to coordinate multiple tasks and make sure work output of others is delivered on-time and accurately
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• Thought Leadership: Demonstrate both strategic and tactical thought leadership. Ability to connect strategy with the needs of the business and to drive innovation towards competitive advantage.
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• Ability to influence decisions: Communicate using data to influence key decisions and the ability to strategically calculate and influence results.
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