Pricing Solutions Analyst at Chubb in Jersey City, New Jersey

Job Description:

JOB DESCRIPTION

We are seeking a detail-oriented and analytical Pricing Solutions Analyst to join our dynamic Pricing Team. In this role, you will leverage your multidisciplinary skills to develop and analyze optimized pricing structures that reflect underlying risks, costs, demand, strategic goals, customer lifetime value, and competitive market conditions. Your insights will directly contribute to our ability to set effective pricing strategies that drive business growth.

Key Responsibilities:

• 
  Data Analysis:
  
  
  • Analyze sales data, market trends, and existing pricing structures to uncover opportunities for model optimization.
  • Utilize statistical techniques to support data-driven decision-making.
  
  
• 
  Software Development:
  
  
  • Collaborate in Full-Stack Development using technologies such as Python, Django, HTML, CSS, and JavaScript to build intuitive user interfaces that solve critical challenges for actuaries, including the development of quotation and rating tools.
  
  
• 
  Cloud Infrastructure:
  
  
  • Integrate internal frameworks with cloud environments (e.g., Databricks, Azure App Service) to enhance scalability and operational efficiency.
  • Design and implement ETL processes for seamless data extraction and loading, facilitating advanced analytical work.
  • Automate IT-related tasks to optimize cost and resource allocation.
  
  
• 
  Pricing Strategy Development:
  
  
  • Work closely with cross-functional teams to create and implement pricing strategies aligned with overall business objectives.
  • Develop Kedro pipelines for machine learning models (XGBoost) and Generalized Linear Models (GLM) to enable efficient application across various products.
  
  
• 
  Market Research:
  
  
  • Conduct thorough market research to analyze competitors' pricing strategies and identify emerging market demands.
  
  
• 
  Revenue Forecasting:
  
  
  • Build robust revenue models and forecasts based on varying pricing scenarios to evaluate potential business impacts.
  
  
• 
  Reporting and Presentation:
  
  
  • Prepare compelling reports and presentations that clearly communicate pricing recommendations and their projected effects on revenue and profitability.
  
  
• 
  Optimization Tools:
  
  
  • Utilize advanced pricing software and analytical tools to enhance pricing strategies and operational efficiency.
  • Streamline modeling and rating workflows to significantly reduce processing times and documentation efforts, focusing on code reproducibility and the creation of scalable, reusable technology assets.
  
  
• 
  Performance Monitoring:
  
  
  • Continuously assess the effectiveness of pricing strategies and adapt them based on market feedback and overall business performance.
  
  
• 
  Cross-Functional Collaboration:
  
  
  • Partner with teams such as Global Analytics, IT, and other data science groups to stay informed about the latest technical solutions.
  
  

QUALIFICATIONS

Required

ABOUT US