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Rate Analyst Jobs in Alabama (NOW HIRING)

Alfa Insurance Corporate

Rate Analyst

Montgomery, AL · On-site

Working as a Rate Analyst will involve preparing insightful reports, organizing data from Ratabase RIA outputs, and maintaining algorithms for accurate pricing and product revisions. We're looking ...

Strata-G Solutions

Pricing Analyst

Huntsville, AL · On-site

Apply advanced pricing methodologies, including rate analysis, PTW, cost realism and reasonableness assessments, data-driven estimating, and Cost Estimating Relationships (CERs). * Develop and ...

Strata-G Solutions

Pricing Analyst

Huntsville, AL

Apply advanced pricing methodologies, including rate analysis, PTW, cost realism and reasonableness assessments, data-driven estimating, and Cost Estimating Relationships (CERs). * Develop and ...

Strata-G Solutions

Pricing Analyst

Huntsville, AL · On-site

Apply advanced pricing methodologies, including rate analysis, PTW, cost realism and reasonableness assessments, data-driven estimating, and Cost Estimating Relationships (CERs). * Develop and ...

Strata-G Solutions

Pricing Analyst

Huntsville, AL · On-site

Apply advanced pricing methodologies, including rate analysis, PTW, cost realism and reasonableness assessments, data-driven estimating, and Cost Estimating Relationships (CERs). * Develop and ...

Starfish

Financial Analyst

Huntsville, AL

Proactively tracks expenditures and provides Burn Rate Analysis against established financial baselines, identifying variances and executing corrective actions to optimize purchasing power without ...

Instant Serve LLC

Cost Analyst

Huntsville, AL · On-site

Cost Analyst Location: Huntsville, AL ( Onsite) Duration : Full Time Pay : $79k/yr - 110k/yr on W2 ... Best-rate guarantee * Referral rewards -- up to $1,000 for successful referrals * Recurring ...

CSAA

You will prepare and coordinate analyses of rate and statistical filings for submission to regulatory and insurance agencies, ensuring compliance with applicable requirements. In this role, you may ...

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All JobsRate Analyst JobsRate Analyst Jobs in Alabama

Rate Analyst information

See Alabama salary details

$33.1K

$88.5K

$207.1K

How much do rate analyst jobs pay per year?

As of Aug 1, 2026, the average yearly pay for rate analyst in Alabama is $88,517.00, according to ZipRecruiter salary data. Most workers in this role earn between $49,900.00 and $100,600.00 per year, depending on experience, location, and employer.

What is the role of a rating analyst?

A rating analyst evaluates the financial stability and creditworthiness of companies, organizations, or financial instruments to determine appropriate credit ratings. They analyze financial statements, market data, and economic trends, often using specialized software and adhering to industry standards such as those set by credit rating agencies. Their assessments help inform investment decisions and risk management strategies.

What Is a Rate Analyst?

Rate analysts review an organization’s expenses and charges and compare them to market trends to determine a service rate that is both fair to customers and profitable for the company. You find rate analysts in many different industries, such as insurance and transportation. But you most commonly find rate analysts who work for utility companies. When working with utilities, you must follow the rate guidelines set by the Federal Energy Regulatory Commission. The qualifications to become a rate analysis include a bachelor’s degree in business, management, or a related field, and several years of industry experience.

What jobs pay 500,000 a year in the US?

High-paying roles that can reach or exceed $500,000 annually include senior finance executives such as CFOs, successful entrepreneurs, top-tier surgeons, and certain specialized legal or consulting professionals. These positions often require extensive experience, advanced skills, and in some cases, ownership stakes or performance-based bonuses.

What is the difference between Rate Analyst vs Cost Analyst?

AspectRate AnalystCost Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like CFA or CPA are a plusBachelor's degree in finance, accounting, or related field; certifications like CMA or CPA are common
Work EnvironmentFinancial institutions, insurance companies, or government agenciesManufacturing, corporate finance, or government agencies
Employer & Industry UsageUsed in industries focusing on rate setting, pricing, and financial analysisUsed in budgeting, cost control, and financial planning across various industries

While both roles involve financial analysis, a Rate Analyst primarily focuses on setting and analyzing rates for insurance, utilities, or financial products. In contrast, a Cost Analyst concentrates on controlling and reducing costs within organizations. Both roles require strong analytical skills and financial credentials, but their focus areas and industry applications differ.

What are some typical challenges a Rate Analyst faces when analyzing and setting pricing structures?

Rate Analysts often encounter challenges such as balancing competitive pricing with profitability, navigating fluctuating market conditions, and interpreting large volumes of data from multiple sources. Additionally, they may need to coordinate with sales, finance, and operations teams to ensure that rate recommendations align with overall business strategies. Staying updated on industry trends and regulatory changes is also crucial, as these can directly impact pricing models and decision-making processes.

What jobs make $1,000,000 a year?

In the finance and investment sectors, some senior roles such as hedge fund managers, private equity partners, and investment bankers can earn $1,000,000 or more annually, often through a combination of salary, bonuses, and profit sharing. High-level executives in large corporations and successful entrepreneurs may also reach this income level, typically requiring extensive experience, advanced skills, and significant responsibility.

What does a rate analyst do?

A rate analyst evaluates and determines pricing strategies for products or services, often analyzing market data, costs, and competitive factors. They use tools like spreadsheets and statistical software to develop accurate rate models and ensure profitability. The role typically requires strong analytical skills and attention to detail.

What are the key skills and qualifications needed to thrive as a Rate Analyst, and why are they important?

To thrive as a Rate Analyst, you need strong analytical skills, a solid background in finance or economics, and proficiency in data analysis, often supported by a relevant bachelor’s degree. Familiarity with tools like Microsoft Excel, SQL, and financial modeling software, as well as knowledge of industry-specific rate structures, is typically required. Attention to detail, effective communication, and problem-solving abilities are standout soft skills in this role. These skills and qualities are crucial for accurately evaluating pricing strategies, ensuring regulatory compliance, and supporting strategic business decisions.
More about Rate Analyst jobs
What are popular job titles related to Rate Analyst jobs in Alabama? For Rate Analyst jobs in Alabama, the most frequently searched job titles are:
What job categories do people searching Rate Analyst jobs in Alabama look for? The top searched job categories for Rate Analyst jobs in Alabama are:
What are popular job titles related to Rate Analyst jobs in AL? For Rate Analyst jobs in AL, the most frequently searched job titles are:
Rate Analyst jobs near you
Infographic showing various Rate Analyst job openings in Alabama as of July 2026, with employment types broken down into 91% Full Time, 5% Part Time, 2% Temporary, and 2% Contract. Highlights an 90% In-person, 4% Hybrid, and 6% Remote job distribution, with an average salary of $88,517 per year, or $42.6 per hour.

Rate Analyst

Alfa Insurance Corporate Careers

Montgomery, AL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

Benefits:
  • Onsite Cafeteria
  • Dental insurance
  • Health insurance
  • Paid time off
  • Savings bank

Company Overview
 
Alfa Insurance® is an A-rated insurance carrier that offers an excellent array of auto, home, life, farm and business insurance products. Since its humble beginnings in 1946, Alfa and its affiliates now serve more than 1 million customers across 14 states.
Working as a Rate Analyst will involve preparing insightful reports, organizing data from Ratabase RIA outputs, and maintaining algorithms for accurate pricing and product revisions. We’re looking for someone who is not only highly organized and proactive but also thrives on taking initiative and working independently.
If you’re excited about using your expertise to drive strategic decisions and be a key player in a collaborative and innovative environment, we want to meet you. Join us and make a meaningful impact on our company’s growth and success! As part of the Alfa family, you can discover your purpose and help make a difference in the lives of our policyholders and your community.
 
Job Summary
Are you a detail-oriented professional with a passion for problem-solving? We’re looking for a motivated and organized Rate Analyst to join our team and help shape the future of our product offerings. In this role, you’ll be at the heart of determining and developing rates for both our current and new products, ensuring our pricing structures are both competitive and profitable.
You'll have the opportunity to dive into analyzing loss experiences, conduct studies, and assess the profitability, competitiveness, and adequacy of our loss reserves. From preparing and managing rate filings across various states to handling electronic submissions and maintaining clear communication with regulatory bodies, your work will be pivotal in our rate determination process.
 
Responsibilities 
 
  • Support the determination of rates and rate structures for existing products and development of rates for new products. 
  • Assist in monitoring the loss experience and conducting studies to analyze profitability, competitiveness, and adequacy of loss reserves. 
  • Prepare exhibits, rates, and relativities for rate filings in all companies in all states. 
  • File rates electronically, monitor SERRF communications and handle correspondence until filings are approved. 
  • Prepare reports from Ratabase RIA output and organize analysis.
  • Write and maintain roadmaps algorithms and enter rates for pricing or product revisions.
  • Perform testing as needed to ensure rate accuracy.
 
Qualifications

  • B.A. or B.S. degree with focus on mathematics, statistics, business, and/or insurance required.
  • Broad insurance experience with an emphasis on actuarial and/or pricing knowledge preferred. 
  • Broad knowledge of the company and its activities, policies, and underwriting rules preferred. 
  • Willingness to learn to use rating engine (Ratabase) required. 
  • Strong spreadsheet and/or database skills desired.  
  • Excellent organizational skills.
  • Good interpersonal, written, and oral communication skills. 
  • Be self-motivated and able to work well with minimum supervision.
 
Benefits/Perks

  • Opportunity for annual performance bonus
  • Discounts on your auto insurance (underwriting approval required)
  • Benefits include: Health, dental, supplemental cancer, vision insurance and 401(k) plan
  • Paid time off bank to include 3 days PTO after 80 hours worked
  • Short-term and long-term disability
  • Flexible Healthcare and Childcare spending accounts for tax savings
  • Opportunities for advancement
  • Continuous training and support throughout your career with Alfa
  • College tuition discounts at various colleges in Alabama
  • Fitness center
  • Onsite cafeteria