Lemonade is hiring a
Actuary

Summary

The job is for an Actuary who will manage rate levels, build advanced pricing models, and bring actuarial discipline to various facets of Lemonade's car insurance business. The candidate should have 5+ years of P&C actuarial experience, attained ACAS or greater, a bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field, proficiency in data science programming languages such as R or Python and SQL, familiarity with predictive modeling concepts, prior personal car pricing experience is a plus, and ability to work remotely. The benefits include salary range of $135,000- $155,000, equity, and benefits.

Requirements

• 5+ years of P&C actuarial experience
• Attained ACAS or greater
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field
• Proficiency in data science programming languages such as R or Python (preferred), and database query tools such as SQL
• Familiarity with predictive modeling concepts, including supervised and unsupervised machine learning approaches such as GLMs, decision trees, gradient boosting machines, random forests, and clustering
• Ability to work in a remote environment

Responsibilities

• Be an owner and expert on our car insurance state rating plans and rate indications
• Lead the development and integration of predictive modeling projects while working closely with the Data Science team
• Craft rate filing support for new machine learning models
• Recommend pricing and underwriting actions based on ongoing monitoring of results
• Build a knowledge base of competitor rating strategies and the overall competitive landscape
• Develop the rates and pricing strategy for product expansions in new states
• Assist in the design and development of internal pricing software for advanced analytics to support real-time decision making and scalable growth
• Further your own actuarial education through CAS exams and industry research while applying those learnings on the job
• Actively coach and mentor analysts

Preferred Qualifications

Prior personal car pricing experience is a definite plus

Benefits

• Salary range of $135,000- $155,000
• Equity
• Benefits