How to hire a rate analyst

How to hire a rate analyst, step by step

Here's a step-by-step rate analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a rate analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new rate analyst
• Step 8: Go through the hiring process checklist

What does a rate analyst do?

Post a rate analyst job for free, promote it for a fee

Post free

1. Identify your hiring needs

   Before you post your rate analyst job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a rate analyst for hire on a part-time basis or as a contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A rate analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, rate analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   Here's a comparison of rate analyst salaries for various roles:

   Type of Rate Analyst	Description	Hourly rate
   Rate Analyst	Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.	$21-43
   Financial Analyst Internship	A financial analyst intern is responsible for supporting an organization with financial activities and tasks. Typical duties and responsibilities may include creating and analyzing financial reports, preparing financial statements, and helping with audits... Show more	$13-25
   Analyst Internship	An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement... Show more	$13-25

   Show more

2. Create an ideal candidate profile

   Common skills:

   • PowerPoint
   • Tariffs
   • Financial Models
   • Strong Analytical
   • Rate Design
   • Financial Analysis
   • Regulatory Filings
   • SQL
   • Financial Data
   • Service Studies
   • Excellent Time Management
   • VBA
   • Analyze Data
   • Securities

   Check all skills

   Responsibilities:

   • Manage rate case vendor RFP development and selection process, including selection criteria, scoring and evaluation.
   • Manage project team meetings using SharePoint calendars.
   • Analyze energy-restructuring initiatives, rate design and retail electricity tariffs.
   • Monitor rating surveillance process for existing rate securitizations back by residential mortgage loans, asset-backed securities and other structure finance assets.
   • Debug rating procedures and algorithms in SQL when rating issues arises.
   • Create SAS reports on HMO experience for claims monitoring and pricing decisions.

   More rate analyst duties

3. Make a budget

   Including a salary range in your rate analyst job description helps attract top candidates to the position. A rate analyst salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.

   For example, the average salary for a rate analyst in Wisconsin may be lower than in New York, and an entry-level rate analyst usually earns less than a senior-level rate analyst. Additionally, a rate analyst with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

   Average rate analyst salary

   $63,534yearly

   $30.55 hourly rate

   ---

   Entry-level rate analyst salary

   $44,000 yearly salary

   Updated December 23, 2025

   Average rate analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New York	$87,145	$42
   2	Pennsylvania	$83,649	$40
   3	Michigan	$75,082	$36
   4	Connecticut	$74,722	$36
   5	District of Columbia	$73,199	$35
   6	Massachusetts	$72,812	$35
   7	California	$72,004	$35
   8	Minnesota	$69,603	$33
   9	Washington	$66,757	$32
   10	Missouri	$66,554	$32
   11	Maine	$63,946	$31
   12	Nevada	$63,270	$30
   13	New Mexico	$62,758	$30
   14	South Carolina	$62,444	$30
   15	North Carolina	$62,358	$30
   16	Texas	$61,606	$30
   17	Ohio	$61,454	$30
   18	Alabama	$58,671	$28
   19	Colorado	$58,540	$28
   20	Nebraska	$58,097	$28

   Average rate analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Tri-State G&T	$99,344	$47.76	1
   2	MUFG EMEA	$98,425	$47.32
   3	Barclays	$97,313	$46.79	9
   4	City National Bank	$95,938	$46.12	110
   5	Nomura Securities	$94,760	$45.56	16
   6	UBS	$94,164	$45.27	6
   7	JPMorgan Chase & Co.	$92,382	$44.41	815
   8	Royal Bank of Canada	$92,065	$44.26	37
   9	Citi	$86,129	$41.41	64
   10	Frankenmuth Insurance	$86,029	$41.36
   11	Portland General Electric	$85,379	$41.05	4
   12	OGE Energy	$80,341	$38.63
   13	Sandia National Labs	$79,549	$38.24
   14	Homesite Insurance	$78,296	$37.64
   15	Blue Cross Blue Shield of Michigan	$77,130	$37.08	3
   16	Eversource Energy	$76,819	$36.93	8
   17	iBASIS	$75,902	$36.49
   18	GFI Capital Resources Group	$75,687	$36.39
   19	Rolls-Royce	$75,201	$36.15
   20	FactSet	$74,650	$35.89

4. Writing a rate analyst job description

   A rate analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a rate analyst job description:

   Rate analyst job description example

   THE COMPANY: Since 1980, Stevens Transport has remained the primary choice of the Fortune 500 for delivery of perishable items and is the largest family-owned and operated climate-controlled freight company in Texas. Family is a top priority at Stevens and those values are integrated into everything we do, every day. Our award-winning service and reputation paired with state-of-the-art equipment has made us the pioneer of the industry.
   
   Stevens Transport Corporate offices as well as it's many departments and family of companies, reside on a massive 75-acre campus just East of Dallas. As a debt free, multimodal logistics conglomerate, Stevens Transport injects unmatched integrity into a corporate business model that reflects a track record of consistent growth and success. As “America's Trucking Family” and one of the nation's premier employers, we understand that our biggest “assets” are our people that support the continuous growth.
   
   If you are looking to continue with a rewarding career in Transportation & Logistics, come join the over 750 corporate family members with an exciting opportunity waiting for you!!
   
   THE ROLE: The Rates and Pricing department works in tandem with the executive sales team to support the growth of new and existing business through statistics and data. The role requires advanced reporting and analytical skills with the ability to interpret data.
   
   Some responsibilities include day-to-day management of all pricing activities, troubleshooting, managing exceptions, as well as performing ad-hoc analyses to support strategic initiatives. Examples include detailed customer account studies and analytics, cost modeling, ongoing database management, etc.
   
   QUALIFICATIONS:Composed under pressure despite changing priorities and occasional interruptions Critical thinking and effective communication Highly organized and communicative Extremely personable and comfortable working closely with executive management
   
   ESSENTIAL FUNCTIONS:Analyzing and implementing pricing based on current market prices vs historical trends, company cost structure, business growth objectives and profitability targets Utilizing overall knowledge of company bid-rate structure to complete pricing submissions against critical (and often narrow) deadlines set by customers Writing complex queries and formulas Researching pricing discrepancies and reporting findings Monitoring schedule of outstanding proposals through multiple rounds of pricing updates Updating database with new and revised contract rate terms for both spot and fixed term pricing, and maintaining detailed records of completed agreements Generating recurring and ad-hoc reporting on national high profile accounts, plus ability to summarize trends
   
   REQUIRED QUALIFICATIONS:A bachelor degree from an accredited 4-year university with a concentration that leans heavy on numbers/analytics2+ years of work experience Proactive approach to researching Structurally organized and notes centric Experience summarizing results and producing reports using advanced Microsoft Excel functions
   
   HIGHLY BENEFICIAL QUALIFICATIONS:Passion for numbers and understanding business Process-oriented KPI ReportingPower BI, Tableau or other data warehousing tools
   
   Medical, Vision, Dental, Supplemental, and Life Insurances available + 401(k) retirement plan and quarterly match.
   #LI-MA1
   #LI-ONSITE

   Copy this example

   

5. Post your job

   To find the right rate analyst for your business, consider trying out a few different recruiting strategies:

   • Consider internal talent. One of the most important sources of talent for any company is its existing workforce.
   • Ask for referrals. Reach out to friends, family members, and current employees and ask if they know or have worked with rate analysts they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit rate analysts who meet your education requirements.
   • Social media platforms. LinkedIn, Facebook and Twitter now have more than 3.5 billion users, and you can use social media to reach potential job candidates.

   Post your job online:

   • Post your rate analyst job on Zippia to find and attract quality rate analyst candidates.
   • Use niche websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   Recruiting rate analysts requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

   It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new rate analyst

   Once you've selected the best rate analyst candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.

   You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.

   After that, you can create an onboarding schedule for a new rate analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

   Sign up to download full list

   Sign up

How much does it cost to hire a rate analyst?