Actuary – Product Development
About The Position
We are looking for a Product Development Actuary to develop pricing and actuarial support for new pet insurance product launches and existing product refinements. The teammate will report to the Chief Actuary. In this highly visible role, you will evaluate the pros and cons of various product proposals from a pricing and risk management perspective actively shaping the organization’s future. You will frequently engage in creative problem-solving, pricing coverages that may have never been offered before. We are a small, close-knit, collaborative actuarial team; while this role primarily focuses on product development, you will wear multiple hats and tackle ad hoc actuarial work to support the team as needed.
Requirements
- ACAS/ASA (or FCAS/FSA) Designation Minimum
- At least 4 years of experience in an actuarial role in P&C and/or Health
- At least 2 years of experience in an actuarial pricing or product development role
- Creative and able to come up with reasonable pricing assumptions even when there is not direct data to price a brand-new coverage
- Excels in a cross functional environment working with marketing, product, IT, finance, and underwriting in designing and launching new products
- Comfortable in listening to and balancing needs across multiple stakeholders balancing pricing accuracy with customer experience and marketability
- Intermediate knowledge of SQL
- Intermediate knowledge of either R or Python
- Intermediate knowledge of Excel
- Experience performing competitor filing research in SERFF
- Comfortable or willingness to learn how to work with AI assisted coding tools, such as, Claude, GitHub, Copilot, or Gemini
- Able to anticipate needs, innovate and flourish in a high-volume, fast paced environment
Responsibilities
- Drive the pricing and actuarial support for new product development and existing product enhancements
- Analyze product design proposals to determine pricing viability, risk management, competitive positioning, and customer value
- Stay highly informed on competitor filings to understand how our products and pricing stand relative to the market
- Write advanced SQL queries to pull from large, detailed medical bill databases for rigorous product pricing
- Ensure product pricing/rating complies with state-level requirements and propose alternative designs to navigate tougher regulatory environments
- Operate seamlessly with product, underwriting, marketing, BI, and IT teams in the design and launch of new products. Communicate complex actuarial concepts to a non-actuarial audience
- Propose creative ways to price innovative coverage concepts and ideas
Benefits
- Comprehensive Medical, dental, and vision plan for you and your family
- Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are available
- Highly competitive 401(k) matching
- Generous 20-day PTO Policy, with rollover options. Earn an additional day of PTO each year on your anniversary with Fetch, for a maximum of 30 days
- Paid company (9) holidays, including (1) floating holiday
- Fetch Pet Insurance discount - up to 50% off, up to $1,000 savings/year
- Educational Assistance Program
- Fetch Discount Perks Program
- Volunteering - earn up to 8 hours per calendar year at nonprofit organizations
- NYC Office Amenities: Pet-friendly environment, free lunch, snacks, and additional amenities; transit accessible
- Employee Referral Incentive
- Tuition Assistance
- Commuter Benefits
- Employee Assistance Program (EAP)
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
