Senior Actuarial Analyst

Nearmap•Lehi, UT

6d•Remote

About The Position

This role involves the use of AI data in insurance pricing, which requires regulatory review by state departments of insurance. The Senior Actuarial Analyst will act as the actuarial voice within Nearmap and for its customers during rate filings. This position requires collaboration with the AI and Computer Vision team to build validation materials for Nearmap attributes and scores used in rating, produce exhibits and memos for state DOI review, and respond to regulator objections with robust analysis. This is a customer-facing role, reporting into Insurance Product and working alongside the regulatory affairs owner. The focus will be on analysis and defense of actuarial findings.

Requirements

5+ years of property and casualty actuarial experience, with real exposure to pricing, ratemaking, or rate filings.
ACAS or FCAS credentialing strongly preferred for this role. Candidates with substantial ratemaking and filing experience will be considered.
Experience preparing actuarial exhibits for rate filings and responding to regulator objections.
Bachelor's degree in actuarial science, statistics, mathematics, economics, or a related field.
Ability to explain carrier-led rate filing processes to someone who is not an actuary without making them feel lost.
Comfortable with predictive model output, including GLMs, gradient boosting, and the validation statistics that go with them.
Experience with large claims and exposure data using standard tooling including SQL, R, or Python.
Ability to write technical documentation a regulator will accept and in a way that minimizes rounds of objections.
Client-facing skills and ability to remain steady on a call with a carrier's actuarial leadership.
Intellectually honest about what the data supports, and willing to say when a result is directional rather than conclusive.
Energized by explaining hard things simply.
Analytical and personable, equally at home with a model and with a customer.
Motivated to be the actuarial expert customers rely on, not just an internal analyst.

Nice To Haves

Experience at an actuarial consultancy or directly at a carrier supporting carrier rate filings across multiple states and carriers.
Experience with catastrophe or property peril models, or with imagery-derived and AI-derived rating variables.
Prior regulator-side ratemaking review experience.
Familiarity with SERFF and the practical mechanics of how filings move.

Responsibilities

Coordinate on and collaborate with cross functional teams to produce the filing materials for each Nearmap attribute and score used in rating: model memos, validation and accuracy metrics, and the actuarial exhibits that go into a submission.
Document and maintain what each state requires for model validation, including details on state-by-state confidentiality and trade secret treatments, ensuring Nearmap consistently produces exhibits that satisfies the NAIC checklist for model filings.
Turn model outputs into the evidence that filings need, such as model validation metrics, coverage rates, distributional analysis, bias and fairness testing, and by-state breakdowns.
Lead the analytical response to regulator objections, working with our regulatory affairs owner on strategy, framing, and submission, and join calls with departments of insurance to explain methodology and results directly.
Manage administration of Nearmap’s filings including creating and maintaining SERFF accounts and keeping good records of all Nearmap filing materials and exchanges.
Advise on which attributes are filing-ready and which carry approval risk and build supporting materials to enable the GTM teams and customers ahead of time.
Partner with carrier actuarial and pricing teams on how Nearmap data is best implemented in their rating plans.
Collaborate with pre-sales to support data tests and lift analyses that demonstrate predictive value and help turn the results into something a filing can use.
Build reusable validation templates and exhibits so each new carrier program costs less effort than the one before it.
Establish product requirements for new products and scores before they ship that makes them “filing ready” immediately upon release.