Pricing Actuarial Director

Independence Pet Group•Standard, IL

2d•Remote

About The Position

Established in 2021, Independence Pet Holdings is a corporate holding company that manages a diverse and broad portfolio of modern pet health brands and services, including insurance, pet education, lost recovery services, and more throughout North America. We believe pet insurance is more than a financial product and build solutions to simplify the pet parenting journey and help improve the well-being of pets. As a leading authority in the pet category, we operate with a full stack of resources, capital, and services to support pet parents. Our multi-brand and omni-channel approach include our own insurance carrier, insurance brands and partner brands. Independence American Insurance Company (IAIC), a subsidiary of IPH, has over 50 years of underwriting experience and a history of innovation in the pet insurance industry. IAIC has built a reputation as a trusted and dependable partner. We are a pet-focused underwriter with deep insurance industry experience, offering a product with proven consumer appeal. Job Summary: IAIC is seeking a leader to advance its pricing sophistication and capabilities. This position provides an exciting opportunity to shape the future of pricing at the company and bring structure to the organization and new ideas to life in an area of insurance that is growing and maturing like no other.

Requirements

Bachelor’s degree in Data Science, Statistics, Mathematics, Actuarial Science, or a related field.
Associate or Fellowship designation in the Casualty Actuary Society or Society of Actuaries.
7+ years of experience in the insurance industry, preferably in an actuarial or data science capacity.
Experience in data manipulation and statistical analysis.
Experience with prominent rating software used across the insurance industry (i.e., Radar, Emblem, Earnix)
Strong oral and written communication skills.
Excellent problem-solving skills, critical thinking abilities, and attention to detail.

Nice To Haves

Prior people management experience preferred

Responsibilities

Increase sophistication of risk modeling to increase accuracy and minimize subsidization in pricing manual to fullest extent possible while balancing regulatory and business requirements.
Partner with business to develop full-stack lifetime values (LTV) and build a company wide KPI and reporting structure to operationalize LTV in decision making.
Influence design and oversee execution of exploratory data analysis to understand the relationship between data elements and insurance processes such as pricing, conversion, and retention.
Lead data and risk segmentation improvements including the use of external data.
Stay abreast of industry trends and advance capabilities to monitor for emerging insights.
Drive continuous improvement and innovation.
Support product and rate filing needs throughout the product/filing lifecycles.
Lead the advancement of competitive rating infrastructure, tools, and reports to inform market positioning.
Lead a small team of data scientists and/or actuaries to develop, maintain, and improve models for rating, conversion, and retention across a portfolio of products.
Communicate findings and recommendations to technical and non-technical audiences through reports, presentations, and visualizations.
Collaborate with actuarial, underwriting, and other stakeholders across the organization to accomplish goals and objectives.