Join one of the most dynamic teams at GEICO and help shape the future of auto insurance pricing. As a wholly owned subsidiary of Berkshire Hathaway and the third-largest auto insurer in the U.S., GEICO offers the stability and resources of a global leader with the agility of an evolving market disruptor. With over $40 billion in premiums earned in 2023, our mission is clear: deliver innovative, data-driven solutions that enhance customer value while driving profitable growth.

GEICO’s State Pricing Actuary Director role is at the forefront of this mission. This is not just a numbers game—it’s a high-impact leadership opportunity to craft pricing strategies that optimize profit, market growth, and customer loyalty. You will play a pivotal role in driving competitive advantage by analyzing trends, anticipating market shifts, and collaborating with cross-functional teams to build strategies that influence the future of our business.

Why This Role is Exciting:
• Shape Strategy: Develop and execute cutting-edge pricing tactics tailored to state-level market dynamics and customer behavior.
• Influence Change: Partner with leaders in Product, Marketing, R&D, and Finance to design innovative solutions that strengthen GEICO’s competitive edge.
• High Visibility: Serve as a key advisor in business reviews and regulatory discussions, influencing decisions that shape GEICO’s position in the insurance market.
• Transformational Leadership: Build and lead a high-performing team that blends deep actuarial expertise with strategic acumen, driving business results through insights and collaboration.

Responsibilities:

Tackle intricate challenges, balancing profitability, policy growth, and premium volumes while managing competing priorities across teams.
Deliver compelling recommendations on pricing actions and articulate their business impact with clarity and confidence.
Serve as a critical partner in developing and testing innovative pricing strategies that fuel profitable growth and enhance market leadership.
Analyze performance trends, including loss ratios and rate indications, while identifying opportunities to optimize segmentation and profitability.
Monitor and adapt to changes in market share and competitive positioning, ensuring GEICO remains a step ahead.
Take ownership of building and refining models that evaluate the impact of pricing decisions on volume, growth, and portfolio value.
Cultivate a high-performing team of analysts, combining cutting-edge statistical expertise with deep industry insights to maximize business outcomes.
Partner with Pricing, Product, R&D, Marketing, and Finance to align strategies and deliver exceptional results.
Ensure outputs are timely, precise, and aligned with the needs of stakeholders, maintaining the highest quality standards.
Navigate the organization effectively, building strong relationships to support and enhance pricing strategies across the business.

Qualifications:

8+ years of progressive experience in pricing, data analysis, finance, or insurance product management, with a proven record of success.
6+ years of actuarial experience demonstrating strategic contributions and leadership in complex business environments.
Exceptional problem-solving and decision-making abilities, with the capacity to transform complex data into actionable insights.
A track record of managing teams, prioritizing initiatives, and delivering results in fast-paced, high-impact settings.
The ability to distill intricate data into straightforward, impactful narratives for a variety of audiences, including executive leadership.
Strong time management and attention to detail, ensuring priorities are met with precision and speed.
Experience working with senior leaders to craft and execute successful business strategies that drive measurable results.

Location:

This is a hybrid role, on-site 3 days per week at Chevy Chase, MD, Chicago, IL or New York, NY. We are considering other locations.

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Annual Salary

$137,000.00 - $224,000.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

Benefits:

As an Associate, you’ll enjoy our Total Rewards Program* to help secure your financial future and preserve your health and well-being, including:

Premier Medical, Dental and Vision Insurance with no waiting period**
Paid Vacation, Sick and Parental Leave
401(k) Plan
Tuition Assistance
Paid Training and Licensures

*Benefits may be different by location. Benefit eligibility requirements vary and may include length of service.

**Coverage begins on the date of hire. Must enroll in New Hire Benefits within 30 days of the date of hire for coverage to take effect.

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.