Actuarial Co-op

Simply Business • Boston, MA

5d • Hybrid

About The Position

Simply Business is a digital insurance brokerage that specializes in one thing: protecting the businesses our customers are working hard to build. We’re doing this by simplifying the insurance-buying process for all small businesses, blending together a combination of technology, data, and insurance knowledge. Our proprietary technology platform allows small business owners to easily search and compare quotes from over 20 top-rated insurance providers, customize their coverage, and purchase and access their policies - all online. Founded in the UK in 2005, Simply Business is an insurtech pioneer with nearly 20 years of experience supporting small businesses. Simply Business is passionate about building an outstanding product for our customers - one that empowers their entrepreneurial spirits. More importantly, we’re doing it all while taking care of our people. We’ve consistently been named a best place to work, including most recently ranking in Built In’s 2025 Best Companies to Work for in the US (Top 100), and Best Places to Work in Boston. We want team members who have the drive to challenge boundaries. If you’re smart and passionate about delivering brilliant customer experiences, we’d love to hear from you. As a dedicated Actuarial Co-op, you will work in tandem with the team’s actuary to learn how to price new and existing products and evaluate profitability. You will also have the opportunity to collaborate with colleagues cross-functionally to support the business. This position will be based in our Boston, MA office.

Requirements

• Pursuing a Bachelor’s Degree in Statistics, Mathematics, Actuarial Science or other quantitative field
• Enthusiasm for learning and asking questions
• Ability to communicate to a non-technical audience
• Passion for problem solving and strong analytical skills
• Ability to work both collaboratively and independently in a fast-growing environment

Responsibilities

• Partner with actuary to learn how to complete rate indications, pricing factor development, state filing support, live testing of pricing changes and how to monitor results
• Learn how to form reserve opinion from claims data and communicate results to key stakeholders
• Develop technical acumen through coding new models in Python and SQL
• Monitor key business metrics and recommend changes to enhance sophistication of the rating plan
• Perform ad hoc analyses as needed by the team

Benefits

• Group plan for medical, dental, vision, and prescription drug coverage.
• Short term disability, long term disability, and life insurance coverage.
• Participation in the Company’s bonus program-Participation in 401(k) plan with a 5% employer match.
• Commuter benefits to help cut down on parking and public transit costs.
• 25 days of vacation time plus 10 sick days and 10 company holidays.
• A genuine investment in your learning and development-Regular team outings and volunteer opportunities.
• An awesome office space.
• A hybrid working model, giving our employees great choice and flexibility to work in a way that’s best for their particular job, their teams, and their lives.

What This Job Offers

• Career Level: Intern
• Number of Employees: 251-500 employees