Rate Analyst

Employee Benefits Include

• Onsite Cafeteria
• Dental insurance
• Health insurance
• Paid time off
• Savings bank

Company Overview

Alfa Insurance® is an A-rated insurance carrier that offers an excellent array of auto, home, life, farm and business insurance products. Since its humble beginnings in 1946, Alfa and its affiliates now serve more than 1 million customers across 14 states.

Job Summary

We're looking for a motivated and organized Rate Analyst to join our team and help shape the future of our product offerings. In this role, you'll be at the heart of determining and developing rates for both our current and new products, ensuring our pricing structures are both competitive and profitable.

Responsibilities

• Support the determination of rates and rate structures for existing products and development of rates for new products.
• Aid in monitoring the loss experience and conducting studies to analyze profitability, competitiveness, and adequacy of loss reserves.
• Prepare exhibits, rates, and relativities for rate filings in all companies in all states.
• File rates electronically, monitor SERRF communications and handle correspondence until filings are approved.
• Prepare reports from Ratabase RIA output and organize analysis.
• Write and maintain roadmap algorithms and enter rates for pricing or product revisions.
• Perform testing as needed to ensure rate accuracy.

Qualifications

• B.A. or B.S. degree with focus on mathematics, statistics, business, and/or insurance required.
• Broad insurance experience with an emphasis on actuarial and/or pricing knowledge preferred.
• Broad knowledge of the company and its activities, policies, and underwriting rules preferred.
• Willingness to learn to use rating engine (Ratabase) required.
• Strong spreadsheet and/or database skills desired.
• Excellent organizational skills.
• Good interpersonal, written, and oral communication skills.
• Be self-motivated and able to work well with minimum supervision.

Benefits/Perks

• Opportunity for annual performance bonus
• Discounts on your auto insurance (underwriting approval required)
• Health, dental, supplemental cancer, vision insurance and 401(k) plan
• Paid time off bank to include 3 days PTO after 80 hours worked
• Short-term and long-term disability
• Flexible healthcare and childcare spending accounts for tax savings
• Opportunities for advancement
• Continuous training and support throughout your career with Alfa
• College tuition discounts at various colleges in Alabama
• Flexible workspace with fitness center