Pricing Actuary

Akur8•New York, NY

2d•$170,000 - $220,000•Hybrid

About The Position

Akur8 is a fast-growing InsurTech scale-up on a mission to redefine insurance pricing and reserving through transparent, high-performance modeling technology. Our SaaS platform uses transparent machine learning and predictive analytics to improve the speed, accuracy, and reliability of actuarial pricing and reserving. Built by experienced actuarial, product, and R&D teams, Akur8’s proprietary algorithms enable insurers to generate insights up to 10x faster than traditional methods, while maintaining full explainability and regulatory confidence. As our platform expands, we provide next-generation reserving capabilities, supporting an end-to-end approach to risk assessment and future claims anticipation. Becoming an Pricing Actuary at Akur8 is the ideal opportunity to influence the usage of cutting edge advanced machine learning technology in the insurance industry and to have a visible effect on the product roadmap of one of the world’s foremost insurtech companies. This position interacts with every team at Akur8 to various degrees: Sales, Product, R&D, Marketing, Engineering, and Leadership. You will be a subject matter expert and will act as a translator between all of these departments and the “language” of insurance, actuaries, and our clients. Externally, you will work with client contacts such as Heads of Pricing, Heads of Product, CTOs, Actuaries, and Data Scientists. To be successful, a Pricing Actuary at Akur8 must be … … a teacher. You will lead proof of concepts with potential clients. During this process, you will need to clearly communicate complex actuarial concepts to both highly technical and non-technical audiences. … creative. Akur8’s software is extremely powerful for traditional actuarial tasks, but a Pricing Actuary is expected to think beyond traditional applications and identify creative approaches to use various Akur8 features to answer ad hoc actuarial questions. … a problem solver. During check-in meetings with clients, you will assist clients by quickly diagnosing any misalignments between an actuary’s potential use of the software and the underlying assumptions behind Akur8. … a visionary. Akur8’s software is in a constant state of development, and feedback from the Actuarial team is essential to inform Akur8’s roadmap. A Pricing Actuary is expected to identify potential features or offerings that are beneficial to both the software and the industry, and work with our product team to best define the underlying problem and evaluate potential solutions. Additionally, you’ll also contribute to white papers and present at conferences or webinars to establish the leadership of Akur8 in the United States and other markets. Traveling is required for this role for approximately 5 working days per month (including teambuilding trips to our Paris / North American offices, industry conferences, and onsite client meetings).

Requirements

A minimum of 5 years of experience in a P&C / General insurance pricing role, as a Pricing Actuary, Actuarial Consultant, or equivalent
Broad insurance industry knowledge, including ISO products / ISO ERC
Demonstrated experience recommending and filing rates, including 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 and avoiding common issues that can delay approval.
Hands-on experience in actuarial ratemaking and rate deployment within a P&C or general insurance pricing environment.
Ability to understand insurance business imperatives and translate them into practical, software-driven solutions.
Curiosity and the ability to quickly understand prospects’ and clients’ ratemaking processes, identify their key requirements, and map them to functionality within the Akur8 platform.
Ability to present ratemaking analyses and recommendations clearly to stakeholders with varying levels of technical expertise.
A basic understanding of Data Science and Machine Learning techniques for predictive modeling
Willingness and ability to travel for approximately one week per month, including visits to North American offices, client sites, and industry events
Native or near-native fluency in English

Nice To Haves

Prior exposure to commercial and specialty lines is an advantage
No coding is required, though familiarity with Python or R is considered a strength
ACAS or FCAS credentials (or equivalent fellowship in a recognized actuarial body)
Applicants who can work from our New York office, but remote work is acceptable for strong applicants based in the Eastern or Central time zones.

Responsibilities

Lead proof of concepts with potential clients, clearly communicating complex actuarial concepts to both highly technical and non-technical audiences.
Think beyond traditional applications and identify creative approaches to use various Akur8 features to answer ad hoc actuarial questions.
Assist clients by quickly diagnosing any misalignments between an actuary’s potential use of the software and the underlying assumptions behind Akur8.
Identify potential features or offerings that are beneficial to both the software and the industry, and work with our product team to best define the underlying problem and evaluate potential solutions.
Contribute to white papers and present at conferences or webinars to establish the leadership of Akur8 in the United States and other markets.

Benefits

Competitive salary + annual bonus
Health insurance , Dental and Vision coverage (including spouse and family coverage)
401K Company match
Life insurance
Cell Phone & Internet reimbursement
25 days of PTO/year
Commuter benefit
Gym membership via ClassPass
IT equipment allowance
Professional development & trainings
Team fun: regular company gatherings and team events