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Actuary Analyst I

Root Insurance

Root Insurance

IT, Accounting & Finance
United States · Remote
Posted on Tuesday, July 9, 2024

CURRENT ROOT EMPLOYEES - Please apply using the career page in Workday. This career site is for external applicants only.

The Opportunity

We believe that a disruptive insurance company must have a principled quantitative framework at its foundation. At Root, we are committed to the rigorous development and effective deployment of modern statistical machine learning methods to solve problems in the insurance industry.

An Actuary Analyst I within our pricing group helps to accurately and efficiently produce rate filings, state expansion filings, respond to filing objections, and develop tools to monitor all aspects of Root’s pricing and competitive position. An actuary analyst I is a key member of Root’s quantitative science department and works closely with other actuaries and data scientists. Additionally, they work cross functionally with members of State Product Management, Product, Engineering, and Insurance regulatory.

Root is a “work where it works best” company. Meaning we will support you working in whatever location that works best for you across the US. We will continue to have our headquarters in Columbus to give more flexibility and more choice about how we live and work.

Salary Range: $65,800 - $82,200

How You Will Make an Impact

  • Prepare rate filings and engineering implementations.

  • Execute pricing initiatives including initial state roll-out and rate changes for auto and renters products.

  • Evaluate and analyze data, including quarterly indications, to develop recommendations for pricing improvements and strategic goals.

  • Support filing objections with thorough, accurate, and effective analysis and communication

What You Will Need to Succeed

  • 2-3 actuarial exams

  • Proficiency in excel

  • Demonstrable ownership mentality, taking initiative to find, prioritize, and be accountable for the highest impact work

  • Commitment to analytical rigor and problem solving skills

  • Exceptional communicator

Preferred but not required

  • 1+ years auto/home pricing experience

  • Experience with R or Python

  • Experience with databases and SQL

  • Experience communicating with state regulators

Don’t meet every single requirement?

Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Root, Inc., we are dedicated to building a diverse and inclusive workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway!

Join us

At Root, we judge people based on the merit of their work, not who they are. If you are passionate about what this role entails and solving real problems, we encourage you to apply. We want to learn about you and what you can add to our team.

Who we are

We’re harnessing the power of technology to revolutionize insurance. Using machine learning and mobile telematic platforms, we’ve built one of the most innovative FinTech companies in the world. And we’re just getting started.

What draws people to Root

Our success is in large part due to our unwavering standards in hiring. We recognize that our products are only as good as the people building and promoting them. We want individuals who find solutions by going through the cycle of ideation to implementation with curiosity, rigor, and an analytical lens. Ask anyone who works here and you’ll hear similar reasons for why they joined:

Autonomy—for assertive self-starters, the opportunities to contribute are limitless.

Impact—by challenging the way it’s always been done, we solve problems that have a big impact on our business.

Collaboration—we encourage rich discussion and civil debate at every turn.

People—we are inspired by the collection of crazy-smart people around us.