Bachelor's degree in Actuarial Science, Mathematics, or a related field., Strong analytical and problem-solving skills., Proficiency in statistical software and Excel., Excellent communication and teamwork abilities..
Key responsibilities:
Analyze and interpret actuarial data to support pet insurance products.
Prepare reports and presentations for stakeholders.
Collaborate with underwriters and product managers on pricing strategies.
Assist in the development of new pet insurance products.
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Our mission is to become the most loved insurance company in the world. As a customer-centric tech company, we created an insurance experience across Renters, Home, Pet, Car, and Life that is smart, instant, and delightful.
Our team of 1,200+ Lemonade Makers make it possible for over 2M customers throughout the US, UK and Europe to get coverage instantly, with nearly half of claims paid in a matter of seconds. Powered by AI and social impact, Lemonade is a purpose-built, technology-first insurance carrier. A Certified B-Corp, our commitment to social impact is embedded in every aspect of the company, and our Giveback program, which donates a percentage of leftover premiums to nonprofits selected by our community, has donated over $10M to organizations in need.
If you want to be a part of it, check out our Lemonade Makers career page: https://makers.lemonade.com/
What You’re Applying For
We’re looking for a talented Actuarial Analyst who is eager to revolutionize pet insurance.
In this role, you’ll be managing rate levels, building advanced pricing tools, and bringing actuarial discipline to all facets of Lemonade Pet. Working on everything from new product offerings to utilization analysis, you’ll have the opportunity to apply innovative solutions to a quickly growing industry. You’ll leverage competitive data and data science to optimize our customers’ experience and ensure fairness and accuracy in pricing.
In this role you’ll
Become an owner and expert on our pet insurance state rating plans and rate indications
Craft rate filing support for new machine learning models
Identify areas for pricing and underwriting action based on ongoing monitoring of results
Build a knowledge base of competitor rating strategies and the overall competitive landscape
Further your own actuarial education through CAS/SOA exams and industry research while applying those learnings on the job
What You’ll Need
2+ CAS/SOA actuarial exams
Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field
General knowledge of data science programming languages such as R or Python (preferred), and proficiency in database query tools such as SQL
Prior pricing experience is a definite plus
Ability to work in our NYC office 3 days per week
At Lemonade we welcome candidates who are enthusiastic about learning and adapting to the exciting world of AI, as a commitment to ongoing growth in this field is a fundamental part of our culture
Please note that we are unable to sponsor applicants for work visas
Lemonade's US base salary range for this full-time position is $80,000 -$97,500 + equity + benefits. Our salary ranges are determined by role, level, and location. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Speak to your recruiter to hear more about the specific salary range for your preferred location.
Things to know…
Lemonade is an equal opportunity employer committed to diversity and inclusivity. We never discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status. If you require reasonable accommodations due to religious beliefs, pregnancy, or disabilities, let us know at any time.