Pricing Actuary
About The Position
We are seeking a detail-oriented, analytical actuary to help scale our actuarial toolkit and drive pricing and product analytics for a fast-changing book of business. You’ll apply core actuarial principles in creative, forward-looking ways as part of a small, high-impact pricing team with broad organizational visibility and regular interaction with senior leaders and executives. About You: You are creative, collaborative, and self-motivated, with a passion for innovation. You thrive in a fast-paced startup environment, leveraging abundant growth opportunities and accessible self-service data to develop innovative pricing solutions. Your technical approach and comfort with Python and other coding languages will enable you to contribute to and enhance our actuarial data pipelines and toolkit. You excel in navigating uncertainty and change, making informed decisions even when data is imperfect. Your ability to communicate complex technical concepts to non-technical stakeholders is a key strength.
Requirements
- Minimum of 5 years of actuarial pricing experience in Homeowners or related P&C insurance lines
- Actuarial credentials: FCAS or near-FCAS
- Strong knowledge of actuarial and insurance concepts such as loss cost trends, rate indications, loss cost modeling, reserving, and other key metrics
- Professional coding experience using SQL and Python (or other language) for data manipulation and analysis, with opportunities to further develop these skills on the job
- Experience using output of predictive models
- Strong business acumen, linking analysis to business impact
- Excellent communication and project management skills
Nice To Haves
- Homeowners-specific pricing experience with predictive modeling and catastrophe modeling
- Experience designing new program launches and rating plans
- Comfort reading and writing Python packages and working with user-defined class structures
- Experience with git or version control tools
- Awareness of industry trends in Homeowners insurance and pricing ethics
Responsibilities
- Lead the analysis and execution of state-level rate changes and new program launches from end-to-end
- Collaborate with Underwriting & Product Management to influence business decisions around profit and growth levers
- Conduct regular actuarial indications and profitability studies to evaluate rate adequacy, identify growth opportunities, and inform pricing strategy
- Provide support for loss cost model selection, scoring, calibration, and reporting
- Build raters and rate proposals in Python to ensure technical rate and model delivery
- Develop new tools for the pricing team, contributing to the continuous improvement of our product development lifecycle
- Cultivate proactive relationships with underwriting, legal, finance, risk and reinsurance, and agency to translate analytics into visible and actionable work
Benefits
- Healthy Hippos Benefits - Multiple medical plan options, 100% covered dental and vision for you and your family, and a wellness program that rewards healthy habits. We also offer a 401(k)-retirement plan, short & long-term disability, employer-paid life insurance, Flexible Spending Accounts (FSA) for health and dependent care, and an Employee Assistance Program (EAP)
- Equity - This position is eligible for equity compensation
- Training and Career Growth - Training and internal career growth opportunities
- Flexible Time Off - You know when and how you should recharge
- Little Hippos Program - We offer 12 weeks of parental leave for primary and secondary caregivers
- Hippo Habitat - Snacks and drinks available for onsite employees
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
501-1,000 employees
