Pricing Actuary
The Pricing Actuary leads client proof-of-concepts, applies P&C ratemaking expertise, and translates insurance requirements into software-driven solutions. The role requires at least five years of pricing experience, strong rate-filing knowledge, and familiarity with predictive modeling and machine learning.
About the job
Responsibilities
- Lead proof-of-concepts with prospective clients and communicate complex actuarial concepts to technical and non-technical audiences.
- Apply creative approaches to traditional actuarial tasks and answer ad hoc actuarial questions using Akur8 features.
- Diagnose misalignments between clients’ software use and underlying actuarial assumptions.
- Identify product features and offerings that benefit insurers and support product-roadmap development.
- Translate insurance business requirements into practical, software-driven solutions.
- Present ratemaking analyses and recommendations to stakeholders with varying levels of technical expertise.
- Contribute to white papers and present at conferences and webinars.
- Travel approximately five working days per month for team trips, client meetings, and industry events.
Requirements
- Minimum of 5 years of experience in a P&C/general insurance pricing role, such as Pricing Actuary or Actuarial Consultant.
- Broad insurance industry knowledge, including ISO products and ISO ERCD.
- Experience recommending and filing rates, developing rate indications, applying measurement methods and state-specific adjustments, and introducing or updating rating variables and factors.
- Experience across the rate filing and approval lifecycle, including responding to objections from state Departments of Insurance.
- Hands-on experience in actuarial ratemaking and rate deployment in a P&C or general insurance pricing environment.
- Ability to understand insurance business imperatives and translate them into practical software-driven solutions.
- Ability to quickly understand clients’ ratemaking processes, identify requirements, and map them to Akur8 platform functionality.
- Basic understanding of data science and machine-learning techniques for predictive modeling.
- Willingness and ability to travel approximately one week per month.
- Native or near-native fluency in English.
Preferred Qualifications
- Experience with commercial and specialty lines.
- Familiarity with Python or R.
- ACAS or FCAS credentials, or equivalent fellowship in a recognized actuarial body.
Compensation and Benefits
- Salary of $170,000-$220,000 plus annual bonus.
- Health, dental, and vision insurance, including spouse and family coverage.
- 401(k) company match.
- Life insurance.
- Cell phone and internet reimbursement.
- 25 days of paid time off per year.
- Commuter benefit.
- Gym membership through ClassPass.
- IT equipment allowance.
- Professional development and training.
- Company gatherings and team events.
Skills
Actuarial Ratemaking, P&C Insurance, Rate Filing, Rate Indications, Iso Products, Predictive Modeling, Machine Learning, Data Science, Python, R, Insurance Pricing
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