Remote Senior Actuarial Analyst

June 5, 2024

Job Description

We’re in search of a Senior Actuarial Analyst to join the Research team at Openly. Your role will be pivotal in shaping strategic decisions across insurance product, reinsurance, and operations by offering insight into potential future growth and profitability scenarios. Alongside conducting thorough analyses, you’ll continually refine our models and analytical frameworks, utilizing advanced technology and data science methods to extract maximum insight from our expanding data pool.

As part of the Actuarial & Product Analysis team within Insurance Product Research, you’ll collaborate with data scientists and actuarial engineers. We’re seeking a self-motivated individual who excels in a fast-paced, results-oriented environment. Our technology stack includes GitHub, GCP/BigQuery, and Python.

Key Responsibilities:

  • Enhance and broaden our capabilities in forecasting losses and premiums, transform how we monitor actual outcomes, uncover insights, and translate discoveries into valuable recommendations for product enhancement to drive organizational success.
  • Work closely with our Actuarial Engineering and Prediction Engineering teams, utilizing advanced modeling tools to establish a robust forecasting framework, leveraging cutting-edge technology and data-driven insights to develop a reliable system for accurate and insightful forecasts.
  • Contribute to refining our actuarial analytics framework by participating in the design of enhancements or exploring the development of new methodologies and approaches.
  • Collaborate cross-functionally to gain a comprehensive understanding of business result drivers and provide data-driven recommendations across the company.

Requirements:

  • Bachelor’s Degree in Actuarial science, Mathematics/Statistics, Economics, or a related field.
  • 3+ years of experience in insurance pricing, preferably in personal lines insurance pricing.
  • Progress toward ACAS/FCAS designations (ideally with 5+ exams).
  • Proficiency in SQL.
  • Demonstrated ability to work with Python.
  • Capacity to navigate ambiguity, identifying and defining complex business problems and devising creative analytical solutions.
  • Strong communication and collaboration skills.
  • Strong decision-making skills.
  • Experience in homeowners insurance is a plus.

Salary and Compensation:

No specific salary data is provided by the company, so we’ve estimated based on similar job roles:

$45,000 — $95,000/year

Benefits:

  • 401(k) with matching
  • Distributed team
  • Asynchronous work
  • Vision insurance
  • Dental insurance
  • Medical insurance
  • Unlimited vacation and paid time off
  • 4-day workweek
  • 401(k) matching
  • Company retreats
  • Coworking budget
  • Learning budget
  • Free gym membership
  • Mental wellness budget
  • Home office budget
  • Option to receive pay in cryptocurrency
  • Pseudonymous work environment
  • Profit sharing
  • Equity compensation
  • No whiteboard interviews
  • No monitoring systems
  • No politics at work
  • Welcoming of employees of all ages.