Homeowners Actuarial Associate

Job Summary: 

We are seeking a Homeowners Actuarial Associate to join our Product Team at a high-growth personal homeowners insurance company. As a Homeowners Actuarial Associate at Bamboo Insurance, you will play a pivotal role in shaping our insurance products and pricing strategies. You will work collaboratively with cross-functional teams to ensure that our homeowners insurance offerings are competitive, compliant with regulatory requirements, and financially sound. This is an exciting opportunity for a pricing analytics professional looking to make a significant impact in the property and casualty insurance industry. This role will have a focus on Homeowners pricing for our new state expansion, and the preferred candidate has a strong technical background with practical pricing as well as analytics experience. 

Duties/Responsibilities: 

• Develop, review, and refine pricing strategies and models for homeowners insurance products in our new states to ensure profitability and market competitiveness. 

• Perform actuarial analyses, including rate indications and rate filings, in accordance with state regulatory requirements. 

• Collaborate with underwriting, product management, claims, and compliance teams to design and modify insurance products based on market insights and data analytics. 

• Utilize advanced actuarial techniques, statistical methods, and software to model, forecast, and communicate the impact of potential changes in pricing, underwriting, and other factors. 

• Extract, manipulate, and analyze large datasets using SQL and Python to support pricing, reserving, and risk modeling initiatives for homeowners insurance. 

 

Required Skills/Abilities:  

• Excellent analytical, critical thinking and problem-solving skills with the ability to effectively resolve complex situations and issues. Deals well with ambiguity. 

• Deep knowledge of homeowners insurance products and pricing  

• Experience with predictive modeling and advanced analytics techniques, including machine learning 

• Excellent communication skills to convey complex actuarial concepts to non-actuarial stakeholders. 

• Ability to lead projects independently, manage multiple priorities, and deliver high-quality work under tight deadlines. 

 

Required Education and Experience: 

• Bachelor's degree in mathematics, actuarial science, statistics, or related quantitative field. 

• A minimum of four years of experience in property and casualty insurance, with a focus on personal lines insurance 

• Strong proficiency in actuarial software and data analysis tools (e.g., Excel, SQL, Python). 

• Experience with regulatory filings and interacting with state insurance departments. 

 

Preferred Requirements: 

• Prior experience working with homeowners insurance products  

• Familiarity with regulatory filing processes, including experience interacting with state regulators. 

• ACAS designation from a recognized actuarial organization. 

• Experience with cat modeling and using the outputs of cat models in pricing 

 

Physical Requirements:  

• Prolonged periods of sitting at a desk and working on a computer. 

 

Salary: Starting at $140,000 annually. Candidate's skills, experience and abilities will be taken into consideration for final offer

 

Bamboo is committed to the principles of equal employment. We are committed to complying with all federal, state, and local laws providing equal employment opportunities, and all other employment laws and regulations.