Manager, Pricing & Product at Pie Insurance

United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, InsurtechIndustries

Requirements

Bachelor's Degree (required)
Background in Statistics, Mathematics, Economics, Actuarial Science, or other quantitative fields of study (preferred)
Minimum of 5-6 years of experience in the P&C commercial insurance industry, with a focus on Workers Compensation and Commercial Auto through either analytical work, underwriting, or commercial lines product management
Minimum of 1 year experience managing direct reports on their analytical ability; a strong desire to mentor, coach, and develop analysts (required)
Advanced data management and manipulation skills in Excel, Looker, and Snowflake
Strong analytical and critical thinking skills to identify trends, solve complex problems, and overcome regulatory roadblocks

Responsibilities

Oversight of the profit and loss of Pie's Workers Compensation and Commercial Auto book of business, including ownership over product design and pricing, regulatory compliance, and distribution
Focus on quantitative analytics for measuring profitability
Measure and monitor business metrics performance (e.g., mix of business changes, quote and conversion levels, claims frequency and severity, retention metrics) and identify trends
Work closely with the Technology team to build and improve systems for great customer and agent experience, and efficient and compliant operations
Lead a team of analysts with full management responsibilities
Leverage rating bureau data, industry resources, and internal results to continuously improve Pie's pricing structure for profitable growth
Develop new tools that systematically diagnose conversion, retention, and profitability trends and quantify proposed pricing impacts at scale
Collaborate with pricing analysts to analyze market competitiveness and identify markets for growth and exit opportunities
Create new product features that streamline pricing changes and maximize pricing segmentation
Manage the product development lifecycle, from ideation to launch, by defining product features, creating business requirements documents, and coordinating with internal stakeholders
Partner with Compliance and Legal teams to ensure filed and implemented rating plans meet state-specific requirements
Collaborate with cross-functional teams (Underwriting, Business Development, Actuarial, Claims, Marketing) to gather insights and develop product requirements meeting regulatory, customer needs, and company objectives
Continuously assess customer feedback and market trends to identify opportunities for rating enhancements and innovations
Participate in the ongoing development and documentation of all pricing and appetite-related processes
Support, mentor, coach, and provide professional development for direct reports; provide continuous feedback and career development opportunities
Identify hiring needs and serve as the hiring manager for recruiting high-quality analysts
Work collaboratively with the People team throughout the team member lifecycle (hiring, onboarding, performance management, team member relations, offboarding)

Skills

Pricing Strategy

Product Management

Quantitative Analytics

Regulatory Compliance

Workers Compensation

Commercial Auto

Data Analysis

Profitability Analysis

Claims Analysis

Retention Metrics

Rating Bureau Data

Market Analysis

Team Leadership

Product Development

Pie Insurance

Provides workers' compensation insurance for small businesses

About Pie Insurance

Pie Insurance provides workers' compensation insurance specifically designed for small businesses. This type of insurance helps cover wage replacement and medical benefits for employees who are injured while working. The company utilizes data-driven technology to offer competitive pricing and ensure that clients receive quality coverage. The process for obtaining insurance quotes is quick and user-friendly, taking only three minutes, which is particularly beneficial for small business owners who may not have the time to deal with complicated insurance procedures. Pie Insurance operates in 38 states and Washington, D.C., with plans for further expansion. The company aims to deliver trusted and efficient insurance services, promising potential savings of up to 30% on workers' compensation insurance. Its unique approach lies in leveraging technology to simplify the insurance process, making it easier and more affordable for small businesses.

Washington, District of ColumbiaHeadquarters

2017Year Founded

$603.4MTotal Funding

SERIES_DCompany Stage

Fintech, Financial ServicesIndustries

201-500Employees

Benefits

Competitive cash compensation

Equity

Comprehensive health plans

Generous PTO, including paid sick leave

Future focused 401k match

Generous parental & caregiver leave

Risks

Recent layoffs of 14% of workforce indicate potential financial instability.

Deteriorating funding environment may limit expansion and technology investments.

Increased competition from insurtech companies could pressure Pie to maintain competitive pricing.

Differentiation

Pie Insurance offers A.M. A-rated insurance with a simple online experience.

The company uses data analytics to accurately assess risks and price policies.

Pie Insurance provides quick insurance quotes, taking just three minutes for small businesses.

Upsides

Integration with Ivans Download could enhance operational efficiency and customer service.

Appointment of Audra Foglietta as CFO may drive financial performance and efficiencies.

Partnership with Endeavor Insurance Group could expand market reach and distribution channels.

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