The VP OF PRICING will be responsible for leading cross-functional teams to research, recommend, develop, and implement strategic segment-level pricing initiatives.

• Ensures initiatives are thoroughly developed, tested, and compliant before they are implemented.
• Sets segment-level prices appropriately to achieve profitability and risk goals while maintaining regulatory compliance.
• Leads resources to monitor the market and competitor strategies to ensure pricing provides customers a fair price while exceeding shareholder goals.
• Plans, directs, and facilitates all segmentation pricing from inception through introduction into the marketplace.

RESPONSIBILITIES:

• Refines current rating plans to support growth in targeted customer segments.
• Utilizes actuarial resources to understand the actuarial price of the risk.
• Utilizes market intelligence and market tests to understand the market price of the risk.
• Assesses third-party research, unstructured data, and structured analysis to understand customer segmentation.
• Develops recommended strategic vision for pricing companies first lien mortgage insurance. Communicates recommendations to management.
• Coordinates market research to understand the role pricing plays in the experience of our customers and obtains market intelligence by working directly with sales leaders and customers.
• Manages cash flow analysis to understand the return levels and profitability across various segments.
• Provides details of price level performance to Senior Management.
• Key player on cross-functional price implementation teams.Ensures regulatory compliance of pricing strategies and of our framework for segmentation and pricing.
• Partners with actuarial colleagues to research and make improvements to predictive models, analyses, and data sources.

REQUIREMENTS:

• 10 years of work experience in Actuarial Science, Product Management, Marketing Analytics, Pricing, Strategic Planning, or a similar field.
• In depth expertise in quantitative analysis including financial, statistical and economic analysis.
• Strong understanding of insurance principles, automated tools and systems used for quantitative analysis.
• Excellent written, interpersonal and communication skills.
• Able to work effectively within cross-functional teams.
• Strategic problem solving and decision-making abilities.
• Experience leading an analytical team.
• Microsoft Office Suite.
• Required knowledge & skills would typically be acquired through a Bachelor’s degree from a four-year college or university in Business Administration, Economics, Mathematics, Finance, or similar disciplines. A MBA or graduate degree preferred but not required.