Insurance Pricing Analyst - General Motors Insurance - Military Veterans
at GM Financial
Overview
Why General Motors Insurance?
At General Motors Insurance, we are building an Insurtech business that will reinvent auto insurance. We are fully owned and backed by auto industry leaders General Motors and GM Financial.
This is a truly unique opportunity to join at the foundational stage of a start-up leading the transformation of the auto insurance experience.
GM has the largest connected vehicle fleet worldwide. In the US alone, there are currently 9M+ connected GM vehicles on the road and that number is projected to triple in the next 10 years. More than that, the OnStar system currently has access to over 900 data points from the vehicle. This surge in information about vehicles and how they are driven will revolutionize auto insurance. This disruption is backed by the bold GM vision of zero crashes, zero emissions and zero congestion. We are serious about the safety and financial security of our customers.
This position will be posted until filled.
Responsibilities
The Pricing Analyst II performs analyses and tasks needed to generate and support adequate insurance products rates. This individual will support rate development, rate filing development and rate testing for state launches and active states. The Pricing Analyst II will help develop and support pricing data management that enables analyses such as rate level indications and rate change impact analysis. Prior personal lines pricing experience is a big plus. We prefer the candidate to have at least two actuarial exams and will provide support for pursuing the Casualty Actuarial Society associateship or fellowship credential.
About the role
- Support the development and execution of state pricing to ensure rate adequacy and overall insurance product performance
- Perform a variety of analyses to help inform state and countrywide pricing decisions
- Develop rate filing support as needed
- Participate in rate validation testing and ensure rating engine is working as intended
- Support data management to ensure the appropriate data and data aggregation techniques are available to perform pricing analyses
- Support the design and use of standard analyses such as rate level indications and rate change impact analysis
Qualifications
What makes you a dream candidate?
- Knowledge of personal lines insurance products and pricing analysis (auto experience preferred)
- Experience with pricing new states and/or new products is a plus
- Working knowledge of data management, and the ability to communicate data management requirements, that supports pricing analyses
- Proficient with Microsoft Office Suite as well as database creation and manipulation programs (eg, SQL) and business intelligence software
- Ability to retrieve and analyze data to support pricing decisions
- Experience with InsurQuote and/or WTW Radar Base as well as with programming languages such as R or Python are a plus
- Effective communication (verbal and written), cross-collaboration and team skills and the a bility to work effectively in a team environment as well as adaptability to rapidly changing business and technological needs, with frequently changing priorities
- Ability to meet expected delivery dates and the tasks necessary to achieve objectives
- Ability to manage multiple projects simultaneously and have strong organizational skills to prioritize work appropriately
- Ability to meet documentation standards and d emonstrates integrity while successfully managing work demands
Experience
- High School Diploma or equivalent required; Bachelor's Degree in Business, Finance, Math, Insurance or related field, or 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree required
- 2+ years Work experience in insurance pricing (strong preference for personal lines insurance experience) required
Licenses
- Passed a minimum of 2 exams in pursuit of ACAS or FCAS credential preferred
What We Offer: Generous benefits package available on day one to include: 401K matching, bonding leave for new parents (12 weeks, 100% paid), tuition assistance, training, GM employee auto discount, community service pay and nine company holidays.
Our Culture: Our team members define and shape our culture - an environment that welcomes innovative ideas, fosters integrity, and creates a sense of community and belonging. Here we do more than work - we thrive.
Compensation: Competitive pay and bonus eligibility
Work Life Balance: 100% remote
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Salary
The base salary range for this role is: USD $69,000.00 to $127,400.00. At GM Financial, we strive for transparency in all aspects of our business, including pay equity. This is the GM Financial pay range for this role and job level. The exact salary and compensation will vary based on factors like knowledge, skills, experience, and education. This role is eligible to participate in a performance-based incentive plan. Full time employees are eligible to participate in health benefits on day one of employment.
United States / Remote
GM Financial is the wholly owned captive finance subsidiary of General Motors and is headquartered in Fort Worth, U.S. We are a global provider of auto finance solutions, with operations in North America, South America and Asia. Through our long-standing relationships with auto dealers, we offer attractive retail financing and lease programs to meet the needs of each customer. We also offer commercial lending products to dealers to help them finance and grow their businesses.
OUR BUSINESS & OUR HISTORY
GM Financial was founded as AmeriCredit in September 1992 and opened its first branch office in Fort Worth, Texas. On October 1, 2010, AmeriCredit Corp. was acquired by General Motors Company and renamed General Motors Financial Company, Inc. (GM Financial). In 2011, GM Financial acquired FinanciaLinx to serve GM dealers and customers throughout Canada. In November 2012, GM Financial announced the acquisition of Ally Financial Inc.’s international operations. The majority of those acquisitions were finalized in 2013, with the remaining market, a 35 percent equity interest in a joint venture in China, acquired in January 2015. In October 2017, GM Financial completed the sale of its European financial subsidiaries and branches as part of General Motors’ sale of the Opel and Vauxhall businesses to Peugeot S.A.
GM Financial provides auto finance solutions to 14,000 dealers worldwide, with earning assets of $93 billion at September 30, 2018.
CORPORATE GOVERNANCE
GM Financial's success is largely dependent on building strong, lasting relationships with our dealers and the consumer customers that we serve. This is why we are committed to providing best-in-class customer service, while promoting open, honest communication at all levels.
Our executive team and all employees must adhere to GM Financial's Code of Business Conduct and Ethics. Our Code outlines the principles by which all team members conduct business with customers, vendors and each other. These principles apply to all GM Financial team members and affiliates and although it does not cover every issue that may arise, the Code provides guidelines for all employees in regard to their business conduct.
For a deeper understanding of expectations and guidelines set forth for the entire GM Financial team, please review GM Financial's Code of Business Conduct and Ethics policies below.