Summary
Join our team as an Actuary and revolutionize car insurance with us! In this role, you'll manage rate levels, build advanced pricing models & tools, and bring actuarial discipline to all facets of Lemonade. You'll leverage competitive data and data science to optimize customers' experience and ensure fairness and accuracy in pricing.
Requirements
- 5+ years of P&C actuarial experience; Attained ACAS or greater
- Bachelorβs 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
- Prior personal car pricing experience is a definite plus
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
Benefits
US base salary range for this full-time position is $135,000- $155,000 equity + benefits