Actuarial Associate

Lemonade Inc.; City of Westminster; On-site; GBP 70,000 - 120,000; Full time

Job summary

At Lemonade Inc. in London, we seek an actuary to support UK pricing processes, price modeling, and strategy. The role balances profitability with PCW competitiveness and helps scale pricing for new products and add-ons.

The ideal candidate has 3–5 years of non-life actuarial experience, a Master's in a quantitative field, and is pursuing FIA/FFA. Strong Python/R/SQL skills and data-driven thinking are required.

Qualifications

• At least 3-5 years of non-life non-pet actuarial experience.
• Commitment to obtaining FIA or FFA.
• Master's degree in mathematics / econometrics / actuarial science preferred.
• Personal lines pricing experience required.
• Knowledge of Python or R and SQL; data science basics.
• Pricing for UK market, price modeling and strategy.

Responsibilities

• Pricing processes for UK market including price making, modeling and strategy.
• Balance rating accuracy and profitability with price comparison website competitiveness.
• Contribute to building pricing machinery enabling speed to market.
• Develop pricing for new products and add-ons.
• Identify optimal pricing and underwriting actions from data monitoring.
• Advance actuarial education through industry research and regulatory awareness.

Skills

Actuarial experience (non-life, non-pc

Pricing

Personal lines

Pricing for new products/add-ons

PCW/Commercial pricing

Education

Master's degree in mathematics / econometrics / actuarial science

FIA/FFA candidacy

Tools

Python

R

SQL

Job description

• Support the pricing processes for the UK market, including price making, modeling, implementation, and pricing strategy
• Balance rating accuracy and profitability with price comparison website competitiveness
• Contribute to building the pricing machine enables speed to market and competitive advantages
• Support development of pricing for new products and add-ons
• Identify optimal areas for pricing and underwriting action based on ongoing monitoring of the data
• Further your actuarial education through industry research and stay on top of changing regulatory requirements At least 3- 5 years of non-life non-pet actuarial experience
• Commitment in obtaining FIA (Fellow of the Institute of Actuaries) or FFA (Fellow of the Faculty of Actuaries)
• Ability to work in an office environment (London)
• Master's degree in mathematics / econometrics / actuarial science / related field preferred
• Personal lines experience required
• Price comparison website (PCW) and/ or commercial pricing experience is an advantage
• General knowledge of data science programming languages such as Python (preferred) or R, and in database query tools such as SQL. Broad understanding of predictive modeling with focus on supervised models and affinity with unsupervised learning technics
• Enthusiasm about learning and adapting to the exciting world of AI - a commitment to exploring this field is a fundamental part of our culture Lemonade completely reinvented how insurance works. As a customer-centric tech company, we created an insurance experience that is smart, instant, and delightful.

At Lemonade, you'll be working with a group of like-minded makers, who get a kick out of moving fast and delivering great products. We surround ourselves with some of the smartest, most motivated, creative people who are filled with positive energy and good karma. Unlike most publicly traded companies, we're nimble and efficient. We take pride in the fact that we still think and operate like a startup. We don't care much about titles and hierarchy and instead focus on innovation, bold moves, and challenging the status quo. We're built as a lean, data-driven organization that relies on a common understanding of objectives and goals to provide teams with autonomy and ownership. We don't like spending our days in meetings and we skip committees altogether. At Lemonade, there's no such thing as going over someone's head. We have zero tolerance for bureaucracy, office politics, and lean-back personalities. As a Public Benefit Corporation and a certified B-Corp, we deliver environmental and social impact using our products and tech. Through our Giveback program, we partner with organizations such as the ACLU, New Story, The Humane Society, Malala Fund, American Red Cross, 360.org, charity: water, and dozens of others, and have donated millions towards reforestation, education, animal rights, LGBTQ+ causes, access to water, and more. Awarded 'best workplace' Best Workplace and Best-Led Company by Inc. Magazine "World Changing" by Fast Company Recognized as a World Changing Idea by Fast Company Magazine Ranked #1 Home insurance in America Won best renters and homeowners insurance in America by US News, and others Best Pet Insurance in America Rated "Best Overall Pet Insurance" by Better Homes & Gardens Rated 4.9 on the App Store Among the highest rated apps of all time