Actuarial Associate, Car

Lemonade, Inc.; United States; Remote; USD 125,000 - 140,000; Full time

Job summary

Lemonade, Inc. is hiring an Actuarial Associate to push auto insurance pricing into the future. You’ll apply actuarial discipline to distribution, underwriting, and claims, using data science to ensure fair, accurate pricing at scale.

We value drive, efficiency, and adaptability, and we work with an AI-first mindset. This role supports car rating plans, collaborates with Data Science, and advances actuarial credentials while operating in a fully remote environment.

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 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.
• 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.

Responsibilities

• 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

Skills

P&C pricing

Actuarial experience

Remote work

Ethics awareness

Education

Bachelor's degree in Actuarial Science

Tools

Python

R

SQL

Job description

Remote, United States | Actuarial | Full-time

Not your everyday company

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 FastCompany

Recognized as a World Changing Idea by Fast CompanyMagazine

Ranked #1 Home insurance inAmerica

Won best renters and homeowners insurance in America by US News, andothers

Best Pet Insurance inAmerica

Rated "Best Overall Pet Insurance" by Better Homes &Gardens

Rated 4.9 on the AppStore

Among the highest rated apps of alltime

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

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.

Property and casualty insurance is provided by Lemonade Insurance Company (LIC), 5 Crosby St., 3rd floor, New York, NY 10013 or Metromile Insurance Company (MIC), 3080 N. Civic Center Plaza, Scottsdale, AZ 85251. Life Insurance provided by North American Company for Life and Health Insurance®, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193.

Lemonade Insurance Agency, LLC (LIA) and Metromile Insurance Services LLC (MIS) are licensed insurance agents and appointed by LIC and MIC and both LIA and MIS receive compensation based on the premiums for the insurance policies each sells. Further information is available upon request.

Lemonade Life Insurance Agency, LLC (LLIA) is acting as the agent of North American Company for Life and Health Insurance® (policy form LS181 and LS 182 or state version including all applicable endorsements and riders). LLIA receives compensation for the insurance policies it sells and is a sub-producer of Bestow Agency, LLC. Life insurance quotes are provided by Bestow Agency, LLC dba Bestow Insurance Services in CA, who is the licensed agent. Products or issue ages may not be available in all jurisdictions. Limitations or restrictions may apply. Not available in New York. Our application asks about your lifestyle and health; your answers allow us to save you time and avoid offline medical exams.