Senior Actuary

Summary

Join Lemonade as a Senior Actuary to revolutionize home insurance. You will manage rate levels, build advanced pricing models and tools, and apply actuarial discipline across various areas, from distribution to finance. Leverage competitive data and data science to optimize customer experience and ensure fair and accurate pricing. This role involves owning and mastering state rating plans, leading predictive modeling projects, crafting rate filing support, recommending pricing actions, building a competitor knowledge base, developing pricing strategies for new states, and designing internal pricing software. You will also mentor analysts. This is a remote position.

Requirements

• 7+ years of P&C actuarial experience; Attained ACAS or greater
• 4+ years of experience of homeowners experience
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field
• Strong 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
• Ability to work in a remote environment

Responsibilities

• Be an owner and expert on our home 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
• Lead in the design and development of internal pricing software for advanced analytics to support real-time decision making and scalable growth
• Actively coach and mentor analysts

Preferred Qualifications

Prior personal home pricing experience is a definite plus

Benefits

Equity + benefits