Senior Actuary (Predictive Modeling)

Fetch

2d • $180,000 - $195,000 • Remote

About The Position

We are looking for a Senior Actuary (Predictive Modeling) to drive best-in-class pricing and profitability while also supporting growth of the business. As a senior technical leader on the team, you will set the direction for our predictive analytics work, advancing the sophistication of our pricing models and the tools we use to monitor the performance of our rating plans over time. In this highly visible role, you will be a senior member of a small, close-knit actuarial team, taking ownership of complex, ambiguous problems and setting technical standards for how the team approaches actuarial pricing and financial forecasting initiatives. Time will be roughly evenly split between pricing, conversion, and retention modeling work and traditional actuarial pricing work. You will lead the evaluation of product proposals from a pricing and enterprise risk management perspective, own rate filings and responses to regulatory objections, and spearhead special pricing projects such as increased limit factor analyses, policyholder coverage utilization studies, and pricing brand new coverages. As a recognized subject matter expert, you will frequently engage in creative problem-solving and present your recommendations directly to senior leadership, actively shaping the organization’s future.

Requirements

• FCAS designation required (or career ACAS)
• At least 7 years of experience working in an actuarial or data science P&C and/or Health insurance role
• At least 4 years of experience in an actuarial ratemaking and/or pricing modeling role
• Advanced knowledge of SQL is required
• Strong knowledge of R and/or Python is required
• Intermediate knowledge of Excel is required
• Advanced knowledge of generalized linear models (GLMs) is required
• The ability to review and evaluate data for quality, completeness, and reasonability is required
• Comfortable or willingness to learn how to work with AI assisted coding tools, such as, Claude, GitHub Copilot, or Gemini
• Excellent verbal, interpersonal and written communication skills; an excellent team player able to apply innovative ideas and critical thinking
• Able to anticipate needs, innovate and flourish in a high-volume, fast paced environment

Nice To Haves

• Intermediate knowledge of elastic net GLMs, k-means clustering, and geospatial statistics is desirable
• Experience performing competitor filing research in SERFF is a plus

Responsibilities

• Lead the development of price elasticity curves to forecast the impact of rating changes on policyholder retention and conversion, and assess their impact on customer lifetime value
• Own the forecasting of policyholder retention and conversion for the portfolio based on pricing, operational changes, and business initiatives
• Drive advances in the risk segmentation sophistication of our rating plans by developing GLM-based rating factors (in R or Python) and championing advanced predictive modeling techniques
• Architect and own the tools that monitor the performance of our existing rating plans and rate level over time, including loss ratio, conversion rate, churn, and lifetime value
• Write advanced SQL procedures to pull from large, line item level veterinary bill databases, and establish best practices for the team’s data and modeling workflows
• Quantify and advise leadership on the impact of coverage and product changes on pricing
• Lead the analysis of product design proposals to determine pricing viability, impact on enterprise risk, competitive positioning, and customer value
• Maintain deep expertise in competitor filings to understand how our products and pricing stand relative to the market
• Lead rate filing and rate indication work, including the development of filings and responses to regulatory objections
• Partner with and influence product, underwriting, marketing, BI, and IT teams, and translate complex actuarial concepts for a non-actuarial audience
• Pioneer creative approaches to pricing innovative coverage concepts and ideas

Benefits

• Comprehensive Medical, dental, and vision plan for you and your family
• Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are available
• Highly competitive 401(k) matching
• Generous 20-day PTO Policy, with rollover options. Earn an additional day of PTO each year on your anniversary with Fetch, for a maximum of 30 days
• Paid company (9) holidays, including (1) floating holiday
• Fetch Pet Insurance discount - up to 50% off, up to $1,000 savings/year
• Educational Assistance Program
• Fetch Discount Perks Program
• Volunteering - earn up to 8 hours per calendar year at nonprofit organizations
• NYC Office Amenities: Pet-friendly environment, free lunch, snacks, and additional amenities; transit accessible
• Employee Referral Incentive
• Tuition Assistance
• Commuter Benefits
• Employee Assistance Program (EAP)

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed