Remote Senior Actuarial Manager

Summary

The job is for a Senior Actuarial Manager at Lemonade, responsible for leading the development and implementation of pricing models, managing a team, and optimizing customer experiences through data science. The role requires 7+ years of P&C actuarial experience, ACAS or greater, 2+ years of team leadership, a B.S. in Actuarial Science, Mathematics, Statistics, or a related field, proficiency in data science programming languages and database query tools, prior personal lines pricing experience, and no applicants from certain states. The benefits include a salary range of $175,000 - $200,000 plus equity and benefits.

Requirements

• 7+ years of P&C actuarial experience; ACAS or greater required
• 2+ years leading and managing a team
• B.S. 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
• Proficient with predictive modeling concepts, including supervised and unsupervised machine learning approaches such as GLMs, decision trees, gradient boosting machines, random forests, and clustering

Responsibilities

• Spearhead the development and implementation of cutting-edge pricing models for Lemonade's car product
• Manage rate levels and bring actuarial discipline to all facets of Lemonade - from distribution to underwriting, claims, compliance, and finance
• Leverage competitive data and data science to optimize customers’ experiences and ensure fairness and accuracy in pricing
• Own state rating plans and rate indications for Lemonade Car
• Lead the development and integration of predictive modeling projects while working closely with the Data Science team
• Develop the rates and pricing strategy for product expansions into new states
• Assist in the design and development of internal pricing software for advanced analytics to support real-time decision making and scalable growth
• 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
• Manage and develop a team of high-performing analysts
• Further your actuarial education through CAS exams and industry research while applying learnings on the job

Preferred Qualifications

Prior personal lines pricing experience is a definite plus

Benefits

Lemonade's US base salary range for this full-time position is $175,000 -$200,000 + equity + benefits