Eagan Insurance is a leader in innovative insurance solutions, committed to providing tailored products that meet our clients' unique needs. We are seeking a skilled Pricing Actuary to drive our product pricing strategies, ensuring they are competitive, profitable, and aligned with our long-term business objectives.

Position Summary:
The Pricing Actuary will be responsible for designing and implementing pricing models across our insurance products. This role requires strong analytical skills, deep actuarial expertise, and a keen understanding of market dynamics to help develop competitive, data-driven pricing strategies.

Key Responsibilities:

1. Product Pricing and Rate Development: * Develop, review, and maintain pricing models for new and existing insurance products. * Conduct rate analyses and recommend price adjustments based on current market trends, claims data, and risk factors. * Collaborate with product development teams to ensure pricing strategies are aligned with profitability targets and market competitiveness.
2. Financial Forecasting and Risk Analysis: * Prepare financial forecasts to project revenue and profitability for various insurance lines. * Conduct in-depth risk analysis using actuarial principles to identify and mitigate potential financial risks. * Analyze claims data, loss trends, and external market factors to ensure accurate pricing of products.
3. Data Modeling and Actuarial Research: * Utilize actuarial software to create pricing models, simulate scenarios, and analyze outcomes. * Research and implement advanced pricing methodologies and data analytics tools to enhance pricing accuracy and efficiency.
4. Collaboration and Stakeholder Communication: * Work closely with underwriting, finance, and product teams to incorporate actuarial insights into pricing and product decisions. * Communicate complex actuarial findings to non-technical stakeholders, providing clear recommendations and pricing strategies.
5. Regulatory Compliance and Documentation: * Ensure compliance with all regulatory pricing standards and maintain documentation for pricing models and assumptions. * Prepare reports and filings for regulatory authorities as required.
6. Continuous Improvement and Market Research: * Stay informed of industry trends, regulatory changes, and best practices in pricing and actuarial science. * Proactively recommend adjustments to pricing methodologies in response to market conditions and competitor analysis.

Qualifications:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field.
• Actuarial certification (e.g., ASA, FSA) is preferred.
• Minimum of 5 years of experience in insurance pricing, with demonstrated expertise in developing pricing models and rate-making.
• Proficiency in actuarial software (e.g., Prophet, SAS, R, or similar) and Excel.
• Strong knowledge of insurance industry regulations, pricing principles, and data analysis techniques.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and collaboratively in a fast-paced environment.

Why Work with Eagan Insurance?

• Competitive salary and benefits, with professional development opportunities.
• Supportive work environment with a focus on employee growth and advancement.
• Opportunity to contribute to a respected and client-focused insurance provider.
• Collaborative culture with a commitment to innovation and data-driven decision-making.