Price Analyst II at CorVel Enterprise Comp Inc

Irvine, California, United States -

Full Time

Start Date

Immediate

Expiry Date

02 Jul, 26

Salary

95264.0

Posted On

03 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Pricing analysis, Market research, Strategic pricing, Workers' compensation, Statistical analysis, Pricing modeling, Excel, VBA, Power BI, Salesforce CPQ, SQL, Data visualization, Revenue optimization, Financial modeling, Competitive intelligence

Industry

Insurance

Description

We are seeking an experienced Price Analyst II with 3-5+ years of experience in pricing analysis, market research, and strategic pricing initiatives. This mid-level role focuses on developing pricing strategies, conducting advanced market analysis, and supporting revenue optimization efforts. The ideal candidate demonstrates proven analytical expertise, strong business acumen, and the ability to translate complex pricing data into actionable business insights. Experience in Workers' Compensation pricing and analysis is required. This role is ideal for a strategic, data-driven finance professional, who values accuracy, as well as quality over quantity, and thrives in environments that demand insightful analysis and independent ownership. This position is open to remote and hybrid. ESSENTIAL FUNCTIONS & RESPONSIBILITIES: * Develop and execute comprehensive analyses to support strategic pricing decisions * Lead competitive intelligence initiatives and market positioning analysis * Create and maintain sophisticated pricing models including elasticity, optimization, and profitability models * Conduct advanced statistical analysis of pricing performance and market trends * Design and analyze price testing strategies, including A/B tests and market experiments * Partner with Sales Executives to develop competitive pricing strategies for new business opportunities and RFP responses * Collaborate with Account Managers on customer renewal contract negotiations, providing pricing analysis and competitive market benchmarking * Work closely with legal teams to review and refine contract pricing terms, ensuring compliance and risk mitigation * Lead periodic pricing model analysis and validation to maintain alignment with evolving product offerings and industry standards * Partner extensively with product leaders and managers to understand product roadmaps, cost structures, and competitive positioning * Perform customer lifetime value analysis and segmentation-based pricing recommendations * Lead pricing impact assessments for product launches, promotions, and market changes * Monitor and analyze pricing performance metrics, identifying opportunities for revenue optimization * Develop pricing dashboards and automated reporting systems for stakeholders * Lead cross-functional pricing projects and coordinate with multiple business units * Support budget and forecast development with pricing assumptions and scenario analysis * Mentor junior analysts and provide guidance on pricing methodologies and best practices * Ensure compliance with regulatory requirements and company policies * Additional duties as assigned KNOWLEDGE & SKILLS: * Experience with systems, platforms, and databases related to insurance industry and workers' compensation claims management * Proven experience with pricing strategies in workers' compensation services * Deep understanding of workers' compensation market dynamics, regulatory environment, and managed care principles * Strong statistical quantitative analysis skills and experience with pricing model development * Excel expertise: Advanced modeling, VBA, macros, and complex financial/pricing functions * Power BI proficiency: Able to create dashboards, develop visualizations, and perform advanced analytics * Salesforce CPQ proficiency: Experienced in pricing configuration, quote generation, and approval workflows * Familiarity with SQL data lookups and database query fundamentals * Strong business acumen and understanding of market dynamics * Excellent presentation skills and ability to communicate complex analyses to senior management * Demonstrated ability to lead projects and work collaboratively across functions * Experience with Salesforce CRM analytics and reporting is highly preferred EDUCATION & EXPERIENCE: * Bachelor's degree in Business, Finance, Economics, or related field from an accredited institution * 3-5+ years of experience in pricing analysis, market research, or revenue management, in workers' compensation is required * Background in workers' compensation claims, medical management, or disability services is a plus PAY RANGE: CorVel uses a market based approach to pay and our salary ranges may vary depending on your location. Pay rates are established taking into account the following factors: federal, state, and local minimum wage requirements, the geographic location differential, job-related skills, experience, qualifications, internal employee equity, and market conditions. Our ranges may be modified at any time. For leveled roles (I, II, III, Senior, Lead, etc.) new hires may be slotted into a different level, either up or down, based on assessment during interview process taking into consideration experience, qualifications, and overall fit for the role. The level may impact the salary range and these adjustments would be clarified during the offer process. Pay Range: $63,739 – $95,264 A list of our benefit offerings can be found on our CorVel website: CorVel Careers | Opportunities in Risk Management [https://www.corvel.com/company/careers/] In general, our opportunities will be posted for up to 1 year from date of posting, or until we have selected candidate(s) to fulfill the opening, whichever comes first. ABOUT CORVEL: CorVel, a certified Great Place to Work® Company, is a national provider of industry-leading risk management solutions for the workers’ compensation, auto, health and disability management industries. CorVel was founded in 1987 and has been publicly traded on the NASDAQ stock exchange since 1991. Our continual investment in human capital and technology enable us to deliver the most innovative and integrated solutions to our clients. We are a stable and growing company with a strong, supportive culture and plenty of career advancement opportunities. Over 4,000 people working across the United States embrace our core values of Accountability, Commitment, Excellence, Integrity and Teamwork (ACE-IT!). A comprehensive benefits package is available for full-time regular employees and includes Medical (HDHP) w/Pharmacy, Dental, Vision, Long Term Disability, Health Savings Account, Flexible Spending Account Options, Life Insurance, Accident Insurance, Critical Illness Insurance, Pre-paid Legal Insurance, Parking and Transit FSA accounts, 401K, ROTH 401K, and paid time off. CorVel is an Equal Opportunity Employer, drug free workplace, and complies with ADA regulations as applicable. #LI-Remote

Responsibilities

The Price Analyst II will develop and execute comprehensive pricing strategies, conduct advanced market analysis, and maintain sophisticated pricing models. They will also collaborate with sales and account management teams to support new business opportunities, contract negotiations, and revenue optimization initiatives.