American Freedom Insurance Company · 4 hours ago
Pricing Manager - Auto Insurance
Mount Prospect, IL
Full-time
Hybrid
Mid, Senior Level
$135K/yr - $150K/yr
3+ years expAmerican Freedom Insurance Company (AFIC) is a fast-growing, A+ rated non-standard auto insurer seeking an experienced Pricing Manager. This role focuses on managing auto insurance pricing, ensuring compliance and profitability, and collaborating with various departments to enhance product strategies.
Insurance
Hiring Manager
Tammy Stern
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
Qualification
Required
Bachelor's degree in Business, Finance, Insurance, Economics or related field required
Minimum 3–5 years of Product/Pricing Management or related experience, preferably with a focus on automobile insurance
Excellent quantitative and communication skills
Strong knowledge of data analysis and visualization tools such as Power BI or Tableau
Strong analytical and problem-solving skills with attention to detail
Working knowledge of insurance rate filings and rules
Regular user of AI tools with demonstrated capability to generate actionable ideas for integrating AI into product management processes and product development strategies
Effective communication and collaboration skills across technical and non-technical teams
Proficiency with Microsoft Office Suite
Preferred
MBA preferred
Experience with product management tools or regulatory filing systems (e.g., SERFF) is a plus
Benefits
401(k) with up to 6% company match
Blue Cross Blue Shield medical plans (PPO, HMO, HSA)
Dental, vision, and telemedicine
Life & disability insurance
Paid time off and holidays
Company-paid lunches, events, and recognition programs
Company
American Freedom Insurance Company
An Insurance Company.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase