Pricing & Rating Analyst

Pricing & Rating Analyst

Must Have Technical/Functional Skills

• Understanding of P&C insurance rating principles in Policy Admin system, insurance products, and rating methodologies applied in Ratabase, Earnix etc.
• Working hands on experience in Ratabase, Radar pricing platforms along with Python language skills applied as required for script execution.
• Python language skill and proficiency using the libraries py spark, numpy, pandas mandatorily required for this role.
• Strong configuration and development experience configuring the rates and inputs in Earnix, Ratabase, Radar framework
• Strong business analysis skills, including the ability to translate actuarial specifications into functional specifications, especially on rating & Pricing area around the PAS system.
• Working knowledge of rating platforms in connection with policy admin system to understand end to end premium flow for end-to-end policy life cycle event.
• Working experience in JIRA, JWM or Rally for work reporting and status cascade including backlog management working in agile environments.
• Strong requirement gathering knowledge and ability to write user stories articulating business acceptance criteria in JIRA.
• Apply pricing components and rating methodology to price existing and new products based on technical analysis of existing legacy systems.
• Proven ability to partner integrating teams including pricing & underwriting along with predictive modelling team as well.
• Proven expertise in identifying the data dependencies, model integration & downstream impacts.

Roles & Responsibilities

• Applying Insurance Domain knowledge especially on P&C business in Auto Domain preferably will be added advantage and reduce time understanding requirements
• Need to apply the system - functional Analysis in terms of identifying the rules, logic from legacy system and articulate them in writing the user stories with clear acceptance criteria.
• Ability to configure the rates in Earnix, Ratabase, Radar systems and integrated with any PAS systems.
• Need to understand and partner effectively identifying the right areas to discuss with predictive modelling team along with pricing & underwriting team.
• Backlog management in JIRA and maintaining proper agile ceremonies in coordination with intervening teams and customers.
• Ability to write efficient pseudo code for deriving any transformation logic to be used and referred to in the acceptance criteria for effective clarity at the time of development.
• Applying mathematical concepts and logic sense in correlating the business requirements with application components and linking the same.
• Document code and data conversion process to maintain the traceability and transparency of requirements to code implementation
• Excellent coordination skills with clear communication between business & IT stakeholders and offshore for seamless communication
• Publishing weekly status reporting on the work done and highlighting any risks and impediments and mitigation plan towards the same.

Salary Range- $80,000-$90,000 a year