Primary Function:
The position has two primary roles. The first role is to manage the pricing process, and modeling for both new and existing business. The incumbent must be able to analyze the components of the pricing model for reasonableness and in relation to corporate objectives. The position coordinates across company departments including: sales, operations, finance and executive staff to ensure all corporate financial objectives are met.
The other primary role is to support the Sales and Marketing Department in budgeting, forecasting and financial analysis of the business. Work with account teams to monitor and track trends within each account and the industry. This position reports directly to the SVP of Finance.
Duties / Responsibilities:
• Develops pricing models for new programs, products or services and analyzes the underlying costs to administer the program in relation to corporate profit objectives.
• Responds to pricing requests received from sales and/or senior management in a timely fashion.
• Works to incorporate new product lines into existing client's portfolio as it relates to rates and cost. Works closely with actuarial department to develop or assist in development of appropriate premiums.
• Develops and maintains management reports, which provides key business metrics with respect to pricing initiatives.
• Manages a team of Business Managers and Pricing Analysts
Knowledge / Skills Requirement:
• Minimum of a Bachelors degree, preferably in Business, Finance, or Economics
• Minimum of 10 years of relevant experience including financial modeling and analysis and responsibility for establishing contract pricing
• Demonstrated analytical ability.
• General understanding of accounting principles.
• Excellent verbal and written communication skills with demonstrated ability to present proposals to senior executives internally and externally when necessary.
• Candidate must be extremely organized and be able to handle multiple tasks at one time.
• Proficiency with MS Office, specifically in Excel and Access.
Desired Skills:
• Knowledge of underwriting principles and practices a plus.
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