Associate Actuary

Summary

Join Coalition, a leading Active Insurance provider, as an Actuary to contribute to our world-class pricing team. This role offers significant ownership and requires strong technical skills and communication abilities. You will be responsible for key actuarial pricing functions across cyber and executive risk lines, including loss model development, rate development, and pricing new products. You will collaborate with data scientists and actuaries to improve efficiency and accuracy in our processes. The ideal candidate possesses a strong insurance foundation, enjoys working with complex data, and is eager to tackle challenges creatively. This position offers a unique opportunity to directly impact the company's core profit and loss metrics.

Requirements

• 7+ years of pricing experience
• Has completed 5+ Actuarial Exams
• Undergraduate degree in Actuarial Science, Data Science, or any other related field
• Strong programming skills in R, Python, and/or SQL
• Excellent communication skills including the ability to vulgarize complex technical concepts to non-technical audiences
• Ability to take ambiguous problems and solve them in a structured data-driven way
• Intellectual curiosity and an interest in our mission of solving cyber risk
• Strong understanding of actuarial pricing concepts
• Ability to work efficiently in a fast-paced environment, be creative and think outside the box

Responsibilities

• Develop, maintain, and communicate actuarial rate indications and the underlying pricing assumptions
• Build and maintain our rate manuals, ensuring rate adequacy and favorable risk selection
• Price new insurance products supported with advanced actuarial techniques
• Automate and enhance actuarial processes
• Develop risk controls, including price monitoring and early warning indicators
• Develop tools to assess pricing rates & business performance, including UI dashboards
• Perform, document, and present ad hoc quantitative analysis
• Seek innovative opportunities to enhance our pricing accuracy through new data, features, or modeling techniques
• Straddle the worlds of insurance, data science, engineering, and security experts to shape the most suitable data-driven solutions
• Act as an ambassador to improve price transparency through strong collaboration with all relevant partners

Preferred Qualifications

• ACAS or FCAS designation
• Cyber and/or executive liability experience
• Experience in predictive modeling
• Ability to build transactional data pipelines
• Master's degree in Data Science or Actuarial Science
• Ability to build UI/UX design

Benefits

• 100% medical, dental, and vision coverage
• Flexible PTO
• Annual home office stipend and WeWork access
• Mental & physical health wellness programs like Headspace, Lumino, and more!
• Competitive compensation and opportunity for advancement