Actuarial Analyst

Summary

Join Openly, a rapidly growing insurance company, as an Actuarial Analyst. You will contribute to new product development and profitability reviews of existing products, leveraging technology to automate and expand our pricing management function. This role requires strong analytical and technical skills, including SQL and Python familiarity, and experience in insurance pricing or product management. Progress towards ACAS/FCAS designations is preferred. Openly offers a competitive salary and benefits package, including remote work, comprehensive health insurance, paid time off, parental leave, and a professional development fund.

Requirements

• 1+ years of experience in insurance pricing, product management/ analytics, preferably with experience in personal lines insurance
• Progress made towards ACAS/FCAS designations (preferably 2+ exams)
• Strong technical (SQL) and analytical skills, capable of developing quantitative analyses through data manipulation, often operating in ambiguity and leveraging creativity
• Python familiarity or interest to learn
• Strong communication skills

Responsibilities

• Drive state expansion by assisting in developing rating models, developing other customer-facing models, and supporting DOI inquiries
• Develop and expand product analytics capabilities to enrich understanding of Product Profitability.  Operationalize insights
• Assist in producing formal actuarial deliverables as needed (rate indications, amendments to rating plan, reinsurance analysis, loss modeling, etc.)
• Design and enhance analytical frameworks and capabilities
• Develop efficient processes that support the integration of our analytical frameworks/capabilities into our day-to-day operations.  Outputs include descriptive reporting, anomaly detection, diagnostic tools, modeled forecasting, and accuracy monitoring
• Continuously test and adopt newly available tools/capabilities to improve the scale and rigor of our actuarial capabilities

Preferred Qualifications

Homeowners and/or Auto insurance experience is a plus

Benefits

• Remote-First Culture - We supported #remotelife long before it was a given. We'll keep promoting it
• Competitive Salary & Equity
• Comprehensive Medical, Dental, and Vision Plan Offerings
• Life and disability coverage including voluntary options
• Competitive PTO - 20 days and 11 paid holidays (including floating holidays)  per year under the Company’s vacation and holiday policies
• Parental Leave - up to 8 weeks (320 hours) of paid parental leave based on meeting eligibility requirements
• (Birthing parents may be eligible for additional leave through STD)
• 401K Company Contribution - Openly contributes 3% of the employee's gross income, even if the employee does not contribute
• Work-from-home stipend - We provide a $1,500 allowance to spend on setting up your home workplace
• Annual Professional Development Fund: Each employee has $2,000 in professional development (PD) funds to spend on activities or resources annually. We want each Openly employee to achieve personal and professional success and to feel supported, confident, and informed about improving their efficiency and productivity
• Be Well Program - Employees receive $50 per month to use towards your overall well-being
• Paid Volunteer Service Hours
• Referral Program and Reward
• Depending on position, Employees generally are eligible for cash incentive compensation, including commissions for sales eligible roles. In all cases, eligibility for compensation and benefits is subject to applicable plan and policy terms in effect from time to time