Reserving Actuary

Akur8•New York, NY

1d•$170,000 - $230,000•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 a Senior Reserving Actuary at Akur8 is the ideal opportunity to influence the future of reserving using cutting edge 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 Chief Actuaries, Heads of Reserving, Actuaries, our consulting partners, and other reserving professionals. Our Reserving Actuaries are responsible for driving process modernization for clients using our proprietary insurance reserving software, Arius and ReservingOne. The role involves helping our industry leading clients integrate Akur8 reserving software into their operational workflow - including understanding their data, processes, and reporting requirements - and then training them on the use of our solution once it has been implemented.

Requirements

ACAS or FCAS credentials
5+ years experience with P&C reserving, either in an Actuarial department or in a Consulting role
1+ year(s) experience using either Arius or ResQ reserving solutions
Deep knowledge of enterprise P&C reserving practices, with the credibility to represent Akur8 in discussions with experienced reserving actuaries.
Experience using or building actuarial solutions, with the ability to lead software implementations.
Strong understanding of insurance reserving processes and how they translate into client requirements.
Strong client management and communication skills, including the ability to provide strategic guidance and explain how Akur8 addresses client needs.
Experience managing projects across management, IT, and analyst teams.
Willingness to travel approximately 5 working days per month for internal meetings, client engagements, and industry events.
Native level fluency in English.

Nice To Haves

Has contributed to the drafting of training materials and/or user-targeted documentation

Responsibilities

Leading proof of concepts and demos of Akur8 reserving solutions: Quickly identify the key requirements of prospects and adapt a presentation to address topics necessary to key stakeholders. Design a proof of concept that addresses all questions on the applicability of Akur8 software to their reserving processes.
Product roadmap guidance: Provide industry expertise to our product team as they build out the roadmap for our next generation reserving product. Review and recommend designs and workflows to ensure that Akur8’s reserving software remains best of class in the industry.
Client training & implementation: Leading client training and implementation efforts by delivering customized onboarding experiences, ensuring seamless software adoption, and providing continuous support.
Industry Thought Leadership: Present at industry conferences and Akur8 Academy Webinars to continue Akur8’s thought leadership in the insurance industry.
Client advocacy: Serving as advocate of the client within our company, gathering and sharing feedback with the sales and product teams to support ongoing improvement.
Solution mastery: Demonstrating a solid understanding of accepted insurance finance and actuarial calculations alongside bespoke reserving analysis concepts. Mastering common outputs and reporting needs of a reserve analysis.
Training and support for solution partners: Developing and maintaining strong relationships with our delivery partners (key consulting and technology firms) to assist them in the delivery of training and support to our mutual clients.

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