Actuarial Manager

Lemonade Insurance Company; United States; Remote; USD 150,000 - 170,000; Full time

Benefits offered by this job

Equity

Health & wellness coverage

401(k) plan with employer match

20 paid vacation days

Parental leave

Job summary

Lemonade is seeking a driven Actuarial Leader to guide a talented team and build the most innovative car insurance on the market. This role accelerates growth across states and expands analytical capabilities with cutting-edge machine learning.

You will own pricing models, manage rate levels, and apply actuarial discipline across distribution, underwriting, claims, and finance. Collaboration with data science and external data will optimize fairness and pricing accuracy.

Qualifications

• 6+ years of P&C actuarial experience, FCAS preferred
• 2+ years leading and managing a team
• B.S. in Actuarial Science, Mathematics, Statistics, or related field
• Proficiency in Python and SQL
• Predictive modeling knowledge (GLMs, trees, boosting, RFs, clustering)
• Personal lines pricing experience a plus
• Ability to work in a remote environment
• Record of interest in AI/ML tools

Responsibilities

• Own state rating plans and rate indications for Lemonade
• Lead development and integration of predictive modeling projects with Data Science team
• Develop rates and pricing strategy for product expansions into new states
• Assist in design and development of internal pricing tools for analytics
• Craft rate filing support for new ML models
• Recommend pricing and underwriting actions based on monitoring results
• Build knowledge base of competitor rating strategies
• Manage and develop a team of actuaries at various levels

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 a driven Actuarial Leader who is ready to lead a talented team while building the most innovative car insurance on the market! This role is critical as we accelerate our product's growth across new states and expand our analytical capabilities with cutting-edge machine learning.

You’ll be spearheading the development and implementation of advanced pricing models for our car product, managing rate levels, and bringing actuarial discipline to all facets of Lemonade—from distribution and underwriting to claims, compliance, and finance. You will leverage competitive data and data science to optimize our customers’ experiences and ensure fairness and accuracy in pricing.

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 state rating plans and rate indications for Lemonade
• Lead the development and integration of predictive modeling projects while working closely with the Data Science team
• Develop the rates and pricing strategy for product expansions into new states
• Assist in the design and development of internal pricing tools for advanced analytics and support real-time decision making and scalable growth
• Craft rate filing support for new machine learning models
• Recommend pricing and underwriting actions based on ongoing monitoring of results
• Build a knowledge base of competitor rating strategies and the overall competitive landscape
• Manage and develop a team of high-performing Actuaries at various levels

What you'll need

• 6+ years of P&C actuarial experience; FCAS preferred
• 2+ years leading and managing a team
• B.S. in Actuarial Science, Mathematics, Statistics, or a related field
• Proficiency in data science programming languages such Python, and database query tools such as SQL
• Proficient with predictive modeling concepts, including supervised and unsupervised machine learning approaches such as GLMs, decision trees, gradient boosting machines, random forests, and clustering.
• Prior personal lines pricing experience is a definite plus
• Ability to work and manage in a remote environment
• Enthusiasm about learning and adapting to the exciting world of AI – a commitment to exploring this field is a fundamental part of our culture
• *Please note that we are unable to sponsor applicants for work visas
• Unfortunately, we cannot consider applicants from these states; Colorado, California, Montana, Hawaii, New Mexico and Puerto Rico.

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.

Lemonade's US base salary range for this full-time position is $150,000 - $170,000 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. Our competitive total rewards package includes comprehensive health & wellness coverage, equity, a 401(k) plan with employer match, 20 paid vacation days, and parental leave. Speak to your recruiter to hear more about the specific salary range for your preferred location and our total rewards package.