Lead Actuary

Summary

Join Kinetic, a company redefining workers' compensation insurance, as their first actuary. This leadership role involves collaborating with capacity providers and internal teams to make data-driven pricing decisions and lead organization-wide analyses of the insurance book. You will manage a team of two analysts, oversee portfolio analysis, and work with the executive team to provide forecasts and direct pricing and modeling changes. Success requires identifying key analytical questions, performing complex analyses, and effectively communicating data insights to drive action. The role demands strong pattern recognition and data-driven insight delivery, working with various insurance stakeholders. Kinetic is a data-driven company with a suite of dashboards providing key metrics and insights. This position offers a unique opportunity to shape the future of workers' compensation insurance within a growing and innovative company.

Requirements

• 10+ Professional experience in an actuarial science role for P&C lines of insurance, with at least 5+ years in Workers’ Compensation
• Performed actuarial analyses on large WC books of business of at least $80M in premium on a national geography. This includes loss development using multiple methods, loss ratio prediction, reserve adequacy analysis, and monitoring actual development vs expected
• Developed sets of leading indicators to understand how a book is performing compared to plan. Ample experience developing data driven actions to correct performance
• Developed sets of metrics to understand pricing and performance by the underwriting team: effective LCM, scheduled credit, etc
• Comfortable using industry data from multiple bureaus, and comparing the performance of a book with industry benchmarks
• You've built Excel based tools for UWs to enable pricing accounts in mid-market, and those tools have been used in production
• Ability to communicate effectively to cross functional partners of varying technical levels
• Experience influencing the product strategy through analyses

Responsibilities

• Manage a team of two data analysts to provide quick, accurate insights on claims, pricing, and other key drivers for business decisions
• Lead forecasting of loss ratio across multiple industries and capacity partnerships. You will be responsible for making sure our data is accurate and up-to-date, providing the best window possible to current and future performance
• Identify and manage analytical investigations around claim trends at Kinetic, as well as communicate these trends and impacts to the leadership team and our partners in a clear, digestible manner
• Provide guidance and new methodologies to better refine our pricing of policyholders. We loss-rate underwrite everything, and you will lead any changes into development considerations by state, carrier, etc
• Communicate and lead conversations with capacity providers on pricing adequacy and forecasting of loss ratio. This includes developing materials to build trust with our capacity partners about the health of our book

Preferred Qualifications

• You've worked on predictive pricing models for at least one line of commercial insurance
• Strong working knowledge of data science programming languages such as Python, proficiency in database query tools such as SQL and comfort with spreadsheet tools such as Excel or Google Sheets
• Experience building clear and easy to understand dashboards working with BI tools (Looker, Tableau, Mixpanel etc.)
• Experience at a startup, insuretech or MGA

Benefits

• $180k - $225k base salary potential plus equity
• Medical, dental, and vision insurance
• 20 vacation days per year
• 9 federal holidays off
• Parental Leave
• Pre-tax 401k contribution
• HSA with compatible health plans
• FREE: Health Advocate
• FREE: Telehealth Membership
• FREE: OneMedical Account