Senior Actuary

Summary

Join Lemonade as a Senior Actuary and revolutionize car insurance. You will manage rate levels, build advanced pricing models and tools, and apply actuarial discipline across various areas, from distribution to finance. Leverage data science and competitive data to optimize customer experience and ensure fair pricing. This role involves owning car insurance 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. The position requires significant P&C experience, actuarial credentials, and strong data science skills. Lemonade offers a competitive salary and benefits package.

Requirements

• 7+ years of P&C personal lines experience; Attained ACAS or greater
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field
• Strong proficiency in data science programming languages such as Python required, and database query tools such as SQL
• Familiarity with predictive modeling concepts, including supervised machine learning approaches such as GLMs, decision trees, gradient boosting machines, and random forests
• Ability to work in a remote environment
• Enthusiasm about learning and adapting to the exciting world of AI – a commitment to exploring this field is a fundamental part of our culture

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
• Lead in the design and development of internal pricing software for advanced analytics to support real-time decision making and scalable growth

Benefits

Lemonade's US base salary range for this full-time position is $160,000 - $185,000 equity + benefits