Insurance Product Pricing Analyst | Underwriting Portfolio Specialist

📊 We’re Hiring: Insurance Product Pricing Analyst | Underwriting Portfolio Specialist 🕒 Employment Type: Full-Time 💼 Level: Mid-Level to Senior We are seeking a highly analytical, commercially minded, and detail-oriented Insurance Product Pricing Analyst | Underwriting Portfolio Specialist to support insurance product pricing, underwriting portfolio management, and profitability analysis. This role combines actuarial data analysis, risk assessment, pricing strategy, underwriting performance monitoring, and insurance portfolio optimization. The successful candidate will work closely with actuarial, underwriting, product development, finance, and business teams to evaluate insurance risks, develop competitive pricing structures, monitor portfolio performance, and identify opportunities to improve underwriting results. The ideal candidate has a strong understanding of insurance products, pricing methodologies, risk modeling, and portfolio analysis. 🎯 Key Responsibilities Analyze insurance product performance, pricing structures, underwriting results, and portfolio profitability. Develop and maintain pricing models for different insurance products, customer segments, and risk categories. Evaluate historical claims data, loss ratios, expense ratios, and other key performance indicators to support pricing decisions. Conduct risk assessments to determine appropriate premium rates and underwriting guidelines. Monitor underwriting portfolios to identify emerging risk trends, unfavorable performance patterns, and profitability concerns. Review existing insurance pricing strategies and recommend adjustments based on market conditions and claims experience. Perform detailed analysis of premium income, claims frequency, claims severity, and loss development trends. Support the development and launch of new insurance products through pricing analysis and portfolio assessments. Evaluate product competitiveness by comparing pricing structures, coverage benefits, and market positioning. Analyze customer demographics, policy characteristics, and risk profiles to identify pricing opportunities. Collaborate with actuarial teams to review assumptions, statistical models, and pricing methodologies. Prepare pricing recommendations based on actuarial data, underwriting experience, and business objectives. Assess the financial impact of proposed changes to premiums, deductibles, coverage limits, and policy terms. Monitor underwriting performance across product lines, distribution channels, and customer segments. Identify underperforming portfolio areas and recommend corrective actions to improve profitability. Evaluate underwriting acceptance criteria and recommend improvements to risk selection strategies. Support the development and refinement of underwriting rules, pricing parameters, and risk classification frameworks. Analyze renewal performance, policy retention, cancellation rates, and customer behavior. Conduct sensitivity analysis and scenario modeling to assess the impact of changing market conditions and risk assumptions. Monitor external factors such as inflation, economic conditions, regulatory developments, and claims trends that may affect insurance pricing. Work with claims teams to investigate unusual claims patterns and understand their impact on portfolio performance. Support reinsurance analysis by evaluating risk exposure, portfolio concentration, and potential loss scenarios. Develop regular pricing reports, underwriting performance dashboards, and portfolio analysis summaries. Maintain accurate pricing databases, underwriting records, analytical models, and supporting documentation. Ensure pricing recommendations align with applicable insurance regulations, internal policies, and governance requirements. Present analytical findings and pricing recommendations to senior management and relevant business stakeholders. Collaborate with product managers, sales teams, and distribution partners to support product positioning and pricing initiatives. Review the effectiveness of pricing strategies and recommend continuous improvements based on actual portfolio results. ✅ Requirements Bachelor's degree in Actuarial Science, Statistics, Mathematics, Finance, Economics, Insurance, Business Analytics, or a related field. Relevant experience in insurance pricing, actuarial analysis, underwriting, portfolio management, or insurance risk assessment. Strong understanding of insurance products, premium calculations, underwriting principles, and risk classification. Knowledge of insurance pricing methodologies, actuarial assumptions, and statistical analysis techniques. Experience analyzing claims data, loss ratios, premium trends, and underwriting performance indicators. Ability to develop, evaluate, and maintain pricing models and analytical frameworks. Understanding of insurance portfolio profitability, risk exposure, and underwriting performance management. Familiarity with general insurance, life insurance, health insurance, or other relevant insurance product lines. Knowledge of claims frequency, claims severity, loss development, and reserving concepts is advantageous. Experience using Microsoft Excel for financial modeling, data analysis, and pricing calculations. Familiarity with analytical tools such as SQL, Python, R, SAS, or equivalent platforms. Experience using business intelligence tools such as Power BI, Tableau, or similar reporting solutions is advantageous. Ability to interpret complex datasets and translate analytical findings into practical business recommendations. Understanding of insurance market trends, competitor pricing, and product positioning strategies. Knowledge of underwriting guidelines, policy terms, coverage structures, and insurance risk management practices. Familiarity with reinsurance concepts and portfolio risk mitigation strategies is advantageous. Understanding of relevant insurance regulations, pricing governance, and internal risk control requirements. Strong numerical, analytical, and problem-solving skills. Excellent attention to detail when reviewing pricing assumptions, financial data, and underwriting results. Strong communication skills with the ability to explain technical findings to non-technical stakeholders. Ability to work effectively with actuarial, underwriting, finance, claims, and product development teams. Strong organizational skills and the ability to manage multiple analytical assignments and deadlines. Professional judgment and a commercially focused approach to insurance pricing decisions. Relevant actuarial, insurance, risk management, or financial analysis certifications are advantageous. 🌟 What We Offer Competitive salary and comprehensive employee benefits. Opportunities to work on insurance pricing strategies and portfolio optimization initiatives. Exposure to actuarial models, underwriting systems, and insurance analytics platforms. Professional development in insurance pricing, risk assessment, and portfolio management. Opportunities to collaborate with actuarial, underwriting, product, and finance professionals. Access to industry data, analytical tools, and modern reporting technologies. A professional working environment that encourages analytical thinking and continuous improvement. Opportunities to contribute to insurance product development and business profitability strategies. Support for relevant professional training and industry certifications. Opportunities to strengthen technical, commercial, and risk management expertise. Career progression toward Senior Insurance Pricing Analyst, Underwriting Portfolio Manager, Pricing Manager, or Head of Underwriting Strategy. Show more Show less