Actuarial Associate, Car

Lemonade; United States; On-site; USD 125,000 - 140,000; Full time

Benefits offered by this job

Remote work

Equity

Job summary

Lemonade in the United States is seeking an Actuarial Associate to apply disciplined actuarial methods to car insurance pricing, distribution, underwriting and claims, using data science to keep pricing fair, accurate and scalable.

The role emphasizes AI-driven learning, cross-functional collaboration with Underwriting, Product, Claims and BI, and remote work. You’ll own pricing, support rate filings for ML models, monitor results and identify opportunities for improved profitability.

Qualifications

• 4+ years of P&C actuarial experience, preferably in personal lines pricing.
• 5 CAS exams, preferred.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
• Working knowledge of data science languages (R or Python) and SQL.
• Familiarity with predictive modeling concepts (GLMs, decision trees, gradient boosting machines, random forests, clustering).
• A genuine sensitivity to model transparency and ethics.
• Excitement about learning and growing alongside AI — this isn't optional, it's how we work.
• Ability to work in a remote environment.

Responsibilities

• Own and develop expertise on car rating plans and rate indications
• Contribute to predictive modeling projects in close partnership with the Data Science team
• Craft rate filing support for new machine learning models
• Identify pricing and underwriting opportunities based on ongoing monitoring of results
• Build a knowledge base of competitor rating strategies and the broader competitive landscape
• Partner cross-functionally with Underwriting, Product, Claims, and BI to drive alignment and action
• Advance your actuarial credentials through recognized qualifications and industry research, bringing those learnings directly into your work

Skills

R/Python programming

SQL proficiency

Predictive modeling

Education

Bachelor's degree in Actuarial Science/Math/Statistics

Job description

What You’re Applying For

We're looking for an Actuarial Associate to join our team and help push car insurance into the future. You'll bring actuarial discipline to some of the most complex questions in the business — from distribution to underwriting, claims, and beyond — while using competitive data and data science to make sure our pricing is fair, accurate, and built for scale.

We believe three things matter for every role at Lemonade: drive to push through challenges, efficiency that keeps standards high while moving fast, and adaptability that lets you pivot with data and AI insights. These aren't buzzwords, they're how we actually work.

Our AI-first approach isn't just a tagline either. We're building the future of insurance with AI at the center, and we need people who are genuinely excited to learn and grow alongside these tools.

In this role you’ll

• Own and develop expertise on our car rating plans and rate indications
• Contribute to predictive modeling projects in close partnership with the Data Science team
• Craft rate filing support for new machine learning models
• Identify pricing and underwriting opportunities based on ongoing monitoring of results
• Build a knowledge base of competitor rating strategies and the broader competitive landscape
• Partner cross-functionally with Underwriting, Product, Claims, and BI to drive alignment and action
• Advance your actuarial credentials through recognized qualifications and industry research, bringing those learnings directly into your work

What you’ll need

• 4+ years of P&C actuarial experience, preferably in personal lines pricing
• 5 CAS exams, preferred
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field
• Working knowledge of data science programming languages like R or Python, and proficiency in SQL
• Familiarity with predictive modeling concepts, including GLMs, decision trees, gradient boosting machines, random forests, and clustering
• A genuine sensitivity to model transparency and ethics
• Excitement about learning and growing alongside AI — this isn't optional, it's how we work
• Ability to work in a remote environment

Please note that we are unable to sponsor applicants for work visas.

Unfortunately, we cannot consider applicants from these states: Alaska, California, Colorado, Montana, Hawaii, New Mexico and Puerto Rico.

Lemonade's US base salary range for this full-time position is $125,000 - $140,000 plus equity + benefits. Our salary ranges are determined by role, level, and location. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Speak to your recruiter to hear more about the specific salary range for your preferred location.

Things to know…

Lemonade is an equal opportunity employer committed to diversity and inclusivity. We never discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status. If you require reasonable accommodations due to religious beliefs, pregnancy, or disabilities, let us know at any time.