Note: The job is a remote job and is open to candidates in USA. CorVel Corporation is a national provider of industry-leading risk management solutions for various industries. They are seeking an experienced Price Analyst II to develop pricing strategies, conduct market analysis, and support revenue optimization efforts, particularly in the workers' compensation sector.
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
Skills
- 3-5+ years of experience in pricing analysis, market research, and strategic pricing initiatives
- Experience in Workers' Compensation pricing and analysis is required
- Bachelor's degree in business, Finance, Economics, or related field from an accredited institution
- 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
- Proven experience with pricing strategies in workers' compensation services
- Deep understanding of workers' compensation market dynamics, regulatory environment, and managed care principles
- 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
- Experience with Salesforce CRM analytics and reporting is highly preferred
- Background in workers' compensation claims, medical management, or disability services is a plus
Benefits
- 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.
Company Overview