Actuarial Associate

Bamboo Insurance; Midvale (UT); On-site; USD 140,000 - 161,000; Full time

Job summary

Bamboo Insurance is searching for an Actuarial Associate to enhance pricing strategies and product offerings. The ideal candidate will have a strong background in homeowners insurance, particularly in Texas, and be skilled in data analysis to support competitive product development.

Qualifications

• Minimum of six years experience in property and casualty insurance.
• Experience in Texas homeowners insurance market preferred.
• Strong proficiency in actuarial software and data analysis tools.

Responsibilities

• Develop and refine pricing strategies for homeowners insurance products.
• Perform actuarial analyses in accordance with state regulatory requirements.
• Collaborate with teams to modify insurance products based on market insights.

Skills

Analytical skills

Critical thinking

Problem-solving

Communication skills

Knowledge of homeowners insurance

Education

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

ACAS designation from a recognized actuarial organization

Tools

Excel

SQL

Python

Job description

Job Summary

We are seeking an Actuarial Associate to join our Product Team at a high-growth personal homeowners insurance company. As an 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 an actuarial professional looking to make a significant impact in the property and casualty insurance industry. This role will have a focus on Texas Homeowners pricing, and the preferred candidate has experience in the Texas Homeowners insurance market to uniquely address multi-peril risk.

Job Summary

We are seeking an Actuarial Associate to join our Product Team at a high-growth personal homeowners insurance company. As an 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 an actuarial professional looking to make a significant impact in the property and casualty insurance industry. This role will have a focus on Texas Homeowners pricing, and the preferred candidate has experience in the Texas Homeowners insurance market to uniquely address multi-peril risk.

Duties/Responsibilities

• Develop, review, and refine pricing strategies and models for homeowners insurance products in California and Texas 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, 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
• 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.
• ACAS designation from a recognized actuarial organization.
• A minimum of six years of experience in property and casualty insurance, with a focus on homeowners’ 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 in Texas (and/or California)
• Familiarity with regulatory filing processes in CA and TX, including experience interacting with state regulators.
  
  

Physical Requirements

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

Salary: Starting at $140,000 annually plus discretionary bonus. 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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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