Job Details

We are seeking an Actuarial Analyst to assist in both new product development and profitability review of current product offerings. The role is designed to leverage the latest technologies to help automate and expand our profitability and pricing management function. This role requires a self-motivated, high-energy individual who can efficiently function in a fast-paced, performance-driven environment.

Key Responsibilities

• Drive state expansion by assisting in developing rating models, developing other customer-facing models, and supporting DOI inquiries
• Develop and expand product analytics capabilities to enrich understanding of Product Profitability. Operationalize insights.
• Assist in producing formal actuarial deliverables as needed (rate indications, amendments to rating plan, reinsurance analysis, loss modeling, etc.)
• Design and enhance analytical frameworks and capabilities, in partnership with our Senior Research Actuary
• Develop efficient processes that support the integration of our analytical frameworks/capabilities into our day-to-day operations. Outputs include descriptive reporting, anomaly detection, diagnostic tools, modeled forecasting, and accuracy monitoring.
• Continuously test and adopt newly available tools/capabilities to improve the scale and rigor of our actuarial capabilities

Requirements

• 2-4 years of experience in insurance pricing, preferably with experience in personal lines insurance pricing
• Progress made towards ACAS/FCAS designations (preferably 3+ exams)
• Strong technical (SQL) and analytical skills, capable of developing quantitative analyses through data manipulation, often operating in ambiguity and leveraging creativity
• Python familiarity
• Strong communication skills
• Homeowners and/or Auto insurance experience is a plus.

Compensation & Benefits:

Below is the budgeted salary range for this position. Actual compensation for this position will be determined based on the successful candidate's experience and skills. We are committed to providing a compensation package that not only reflects the responsibilities and requirements of the role, but also the unique expertise that the chosen candidate will bring to our team.

Budgeted Salary Range

$81,500-$97,000 USD

The full salary range shows the min to max salary range for this position. Actual compensation will be commensurate with experience and qualifications and determined based on various factors including the candidate's qualifications, skills, and experience.

Full Salary Range

$76,500-$127,650 USD

Benefits & Perks

• Remote-First Culture - We supported #remotelife long before it was a given. We'll keep promoting it.
• Competitive Salary & Equity
• Comprehensive Medical, Dental, and Vision Plan Offerings
• Life and disability coverage including voluntary options
• Parental Leave - up to 8 weeks (320 hours) of paid parental leave based on meeting eligibility requirements
  (Birthing parents may be eligible for additional leave through STD)
• 401K Company Contribution - Openly contributes 3% of the employee's gross income, even if the employee does not contribute.
• Work-from-home stipend - We provide a $1,500 allowance to spend on setting up your home workplace
• Annual Professional Development Fund: Each employee has $2,000 in professional development (PD) funds to spend on activities or resources annually. We want each Openly employee to achieve personal and professional success and to feel supported, confident, and informed about improving their efficiency and productivity.
• Be Well Program - Employees receive $50 per month to use towards your overall well-being
• Paid Volunteer Service Hours
• Referral Program and Reward

Depending on position, Employees generally are eligible for cash incentive compensation, including commissions for sales eligible roles. In all cases, eligibility for compensation and benefits is subject to applicable plan and policy terms in effect from time to time.

U.S. Citizens, Green Card Holders, and those authorized to work in the U.S. for any employer and currently residing in the US will be considered.