Head of Pricing

Job Description

Company

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

The Pricing function is charged with delivering strategic pricing capabilities, fostering a unified perspective on pricing as a competitive advantage, and aligning the pricing strategy to product strategy and overall business objectives.This is not just the task of developing a rate plan or dashboard. It’s developing the deep knowledge that we need to compete and keep up with sweeping industry changes, technological developments ahead, and the needs of the present. This team does technical work; analysis to understand prior outcomes, market research to find opportunities, and development of rates. However, to ensure commercial viability, the technical work is complemented by work on the product strategy. The target output is pricing plans that deliver strategic and commercial value across underwriting cycles and help the business evolve offensive strategies.

Role

This is a high impact role for a passionate expert who enjoys connecting the dots between pricing and business strategy and has strong technical skills, a strategic mind, and the ability to 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. You 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 ensuring alignment between pricing and business objectives
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• Provide proactive insights, effective communication, and consultation on pricing strategies, trends, and analysis which informs the business’s overall pricing strategy
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• Able to conceptualize pricing from first principles rather than derivative ‘industry-standard’ comparables and approaches
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• Maintain 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 toolbox capabilities with an eye towards integrating 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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• Ensure team acts as a resource for the product leaders and fosters adoption of new methods for achieving overall business objectives
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• Prioritize and plan the execution of pricing initiatives. Work closely with various teams to ensure projects are scoped, planned, resourced, and delivered on time and on spec
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• Work closely with data and IT teams to set up 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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• Able 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 rigorous quantitative discipline such as engineering, economics, mathematics, statistics, finance, etc
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• 5+ years’ experience in pricing, analytics, consulting, economics, engineering, or something similarly rigorous requiring strong quantitative skills and complementary qualitative skills
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• People management/development: Strong people management and development experience; able to lead team efficiently towards a well-defined goal while also contributing individually to high leverage workstreams
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• Ability to lead projects: Excellent project management skills; able to co-ordinate multiple tasks and make sure work output of others is delivered on-time and accurately
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• Thought Leadership: Demonstrates both strategic and tactical thought leadership. Able to connect strategy with the needs of the business and to drive innovation towards competitive advantage
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• Communication: Uses data and logic to present compelling evidence that drives executive-level decision making
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