Remote Actuary

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
• 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
• 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