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Lemonade · 3 weeks ago

Associate Actuary

United States

Full-time

Remote

Mid, Senior Level

$125K/yr - $140K/yr

4+ years exp

Lemonade is seeking a talented Associate Actuary to revolutionize car insurance. In this role, you will manage rate levels, build advanced pricing tools, and ensure fairness and accuracy in pricing while supporting strategic growth opportunities within the Lemonade Car team.

Artificial Intelligence (AI)Financial ServicesInsuranceInsurTech

No H1B

Responsibilities

Become an owner and expert on our car insurance product, deeply understanding its mechanics and market position

Craft rate filing support for new machine learning models, translating complex data science into regulatory-compliant documentation. Success in this area means seamless approval of innovative pricing structures

Identify areas for pricing and underwriting action based on ongoing monitoring of results, proactively addressing trends and opportunities to optimize profitability and customer value

Build a comprehensive knowledge base of competitor rating strategies and the overall competitive landscape, providing crucial insights for strategic decision-making

Develop proprietary rating models to advance our pricing leadership, utilizing tools like R, Python, and SQL to create sophisticated and accurate risk assessments

Be an owner of new strategic growth opportunities utilizing pricing strategies, collaborating closely with product, data science, and underwriting teams to launch and scale new initiatives

Further your own actuarial education through CAS exams and industry research, applying those learnings directly to real-world challenges at Lemonade and contributing to a culture of continuous improvement