Rate Analyst

Philadelphia, PA - USA

Monthly Salary: Not Disclosed

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

Description

NA Legal and Compliance (L&C) - Philosophy and Culture Statement: L&C is committed to providing best-in-class legal and compliance services to our business partners. L&C emphasizes teamwork expertise and a can-do attitude. Operating as a best-in-class organization requires a commitment to constant improvement and an on-going commitment to adding value every day by every team member. The group takes pride in delivering consistent customer satisfaction advancing self-development among team members participating in company and team initiatives all with a focus on superior execution.

Major Duties and Responsibilities:

Maintain rating engines used for various lines of insurance using Ratabase Next Generation.

Design create and implement desired rating information and solutions in the Ratabase Next Gen application. Test changes within Ratabase to ensure desired outcome is according to requirements and in compliance with filed company rate and rule filings.

Review work authorization requests requirements documents and/or Circulars/Bulletins and prior change documentation to understand changes needed and how to affect the change in the specific system.

Maintain updates to existing tables and algorithms within various rating databases.

Maintain informational logs write technical specifications documents and other Quality Assurance control mechanisms.

Provide IT with changes made so they can determine changes needed for the interface and or policy print.

Assist as needed and participate in work sessions with Rate Analysts Rate Specialists Product Managers IT and business customers to develop knowledge and experience with rating needs and impact to other areas to assist in rating system design.

Learn and keep current with rating and rating plans for various lines of insurance.

Assist in maintaining documentation needed for communications and vital records.

Analyze rating problems in effort to provide solutions to resolving problems.

Perform work in a manner that is focused on exceeding customers expectations.

Manage or participate in special projects at management request as needed.

Qualifications

Education and Experience:

Knowledge of policy rating systems; Ratabase Next Generation a plus but will train.

Bachelors degree or knowledge of insurance coverage/rating plans for Commercial Auto General Liability or Workers Compensation is desired.

General Skills:

Good quantitative and problem-solving skills

Ability to work in a team-based collaborative setting.

Ability to manage a number of projects and competing priorities with the flexibility to change priorities to meet customer and company needs.

Personal Qualities:

Strong desire to be responsive to customer needs

Self-motivated with a strong work ethic Energetic enthusiastic and has a positive attitude

Required Experience:

DescriptionNA Legal and Compliance (L&C) - Philosophy and Culture Statement: L&C is committed to providing best-in-class legal and compliance services to our business partners. L&C emphasizes teamwork expertise and a can-do attitude. Operating as a best-in-class organization requires a commitment to...