Senior Actuarial Analyst

Open Lending • Austin, TX

21h • Hybrid

About The Position

Open Lending provides automated lending services to financial institutions, leveraging machine learning and predictive analytics to deliver risk‑based pricing — all backed by the security of our insurance carrier partners.
Before going public in 2020, Open Lending ranked among Austin’s fastest‑growing privately held companies, placing for seven consecutive years on the Austin Business Journal’s Fast 50 list. We have also been recognized as a top workplace by both the Austin Business Journal and the Austin American‑Statesman.
Open Lending is seeking a Senior Actuarial Analyst to join our Actuarial team with a primary focus on rate indications and pricing analysis for our Lenders Protection® program. This role is well‑suited for an actuarial student with 2–5 years of experience who is actively pursuing CAS exams and looking to deepen hands‑on experience in pricing, rate adequacy, and portfolio performance analysis.
The ideal candidate will have prior experience developing or supporting rate indications, evaluating loss trends, and translating actuarial findings into clear recommendations for business partners.

Requirements

• Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related quantitative field
• 2–5 years of actuarial experience, preferably in pricing or rate analysis
• Demonstrated experience with rate indications or similar pricing analyses
• Progress toward CAS credentials; ACAS or near‑ACAS status preferred
• Excellent problem-solving skills with the ability to analyze complex data and develop actionable insights.
• Strong proficiency in Microsoft Excel (including advanced functions, pivot tables, and data visualization).
• Proficiency in SQL for data extraction and analysis
• Experience with Excel and actuarial modeling techniques
• Ability to communicate technical results clearly to non‑technical stakeholders
• Naturally curious, with a passion for learning and exploring new tools, techniques, and approaches.

Nice To Haves

• ACAS or near‑ACAS status preferred
• Familiarity with Power BI, Tableau, or similar reporting tools
• Experience with Python or R is a plus

Responsibilities

• Develop and maintain rate indications, including loss trend analysis, exposure projections, and profitability assessments
• Evaluate rate adequacy across segments and lenders to support pricing recommendations
• Monitor loss experience and emerging trends to identify areas of risk or opportunity
• Support pricing changes by quantifying expected impacts on profitability and volume
• Build and maintain dashboards and reports to track key pricing and performance metrics
• Partner closely with Risk, Claims, Data, Product, and Finance teams to support business decisions
• Assist with ad‑hoc actuarial analyses related to pricing, portfolio management, and program performance
• Continue professional development through actuarial exams and on‑the-job learning

Benefits

• Exposure to a modern, data-driven actuarial pricing environment
• Opportunities to work closely with business leaders and influence pricing strategy
• Supportive environment for actuarial exam progress
• Competitive compensation and benefits
• Collaborative culture focused on innovation and continuous improvement

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees