Ratemaking Actuary

Summary

Join NEXT Insurance as an Actuarial Analyst and become a subject matter expert in rate indications and pricing strategies for multiple lines of business. You will evaluate loss trends, conduct market research, and provide data-driven recommendations to senior management. Collaborate with cross-functional teams, including reinsurance, finance, and claims, to develop efficient processes. Leverage your expertise to guide key pricing decisions and maintain a competitive position within the industry. This role offers the opportunity to drive strategic outcomes across the organization and contribute to the success of a rapidly growing company. The position requires strong analytical skills, actuarial experience, and proficiency in relevant software.

Requirements

• FCAS (preferred) / ACAS credentials mandatory
• 6+ years of actuarial experience; ideally in commercial insurance pricing
• Accountability and pride in own work product - instill confidence in leadership
• Communication and collaboration - work effectively with cross functional partners
• Gritty, self-driven personality - embrace challenges and are excited about unexplored possibilities
• Intellectual curiosity - dig deep and solve complex business problems
• Leadership mindset - identify business needs and drive solutions to meet them
• Expertise with some or all of the following software: Tableau, SQL, Python, MS Office, Google Suite

Responsibilities

• Be the subject matter expert at Next on rate indications and pricing strategies for multiple lines of business, ensuring pricing adequacy and profitability
• Evaluate loss trends, frequency, and severity across lines of business to provide actionable recommendations to leadership
• Conduct competitor and market research to guide strategic pricing decisions and maintain competitive positioning
• Provide senior management with clear, data-driven recommendations on pricing adequacy, loss ratios, and emerging trends
• Provide ad hoc support to other business partners, including but not limited to reinsurance, finance, distribution, claims, and growth teams
• Develop high-quality, efficient processes that can adapt and scale to meet evolving business needs

Benefits

• Partially subsidized medical plan
• Fully subsidized vision/dental options
• Life insurance
• Disability insurance
• 401(k)
• Flexible paid time off
• Parental leave