Pricing Manager - Auto Insurance (Mount Prospect)

American Freedom Insurance Company (AFIC), a fast-growing, A+ (Superior) rated non-standard auto insurer doing business in Illinois, Indiana, Pennsylvania, Tennessee, Texas, and with a license in Ohio, is seeking an experienced, proven, detail-oriented Pricing Manager. This role will focus on achieving favorable results, handling regulatory filings, developing state-specific program enhancements, and effectuating the development of competitive product strategies. The ideal candidate has favorable experience in insurance product management, strong technical / math skills and enjoys working collaboratively across departments.

Your Responsibilities

• Manage an assigned auto insurance state(s), ensuring profitability, compliance, and competitiveness when appropriate.
• Align product goals with company objectives and strengths, regulatory requirements, and profitability targets.
• Collaborate with Marketing, Underwriting, Claims, IT, Legal, vendors, etc. to design, price, and implement product features and to support day-to-day operations.
• Maintain effective regulatory relations, prepare and submit product and rate filings via SERFF and overall communicate successfully with insurance departments.
• Monitor and evaluate product performance metrics (loss ratios, retention, premium growth, etc.) and recommend and implement approved adjustments to improve results.
• Conduct competitor and market analysis including securing agent input to identify trends, pricing opportunities, product enhancements, etc. and incorporate into actionable product advancements.
• Develop strong knowledge of and ensure compliance with state requirements and effectively respond to regulatory inquiries.
• Contribute and reply to audits, reviews, and regulatory examinations as a subject-matter expert. Review criticisms and areas reviewed in other insurance carrier Market Conduct Exam reports and ensure AFIC is in compliance with all potential exposures.
• Analyze market trends, competitor activity, and industry developments to identify opportunities for new products, coverages, and enhancements.
• Initiate, lead and / or support projects and initiatives that enhance product development, operations, and / or performance.
• Explore and assess new opportunities to potentially include small commercial automobile coverage, telematics, a new jurisdiction, rideshare, and / or other emerging trends.
• Address other significant company projects.

Requirements

Why AFIC?

Compensation & Benefits

Health & Wellness

Growth & Stability

Work-Life Balance

Culture