Pricing Actuary

Inshur Inc.; New York (NY); Hybrid; USD 120,000 - 200,000; Full time

Job summary

A dynamic insurance company is looking for an Actuary to join their growing team in New York City. This role involves developing innovative pricing models and collaborating with various teams to ensure competitive pricing for insurance products. Candidates should have a strong foundation in actuarial science and a passion for analytical work.

Benefits

25 days holiday + 5 after 5 years

Health insurance, life, and disability benefits

Paid parental leave

401(k) match

Wellness benefits

Training allowance

Flexible hours

Qualifications

• Experience in Insurance Pricing, especially in Property & Casualty lines.
• Progressing towards or having completed Associate-level Actuarial Certification.
• Ability to communicate complex findings to non-technical stakeholders.

Responsibilities

• Develop and refine pricing models to assess risk for insurance products.
• Analyze datasets to identify trends and make pricing recommendations.
• Collaborate with teams to align pricing strategies with business goals.

Skills

Insurance Pricing

Analytical Tools

Analytical Mindset

Clear Communication

Team-oriented

Education

Bachelor’s in Actuarial Science

Associate-level Actuarial Certification (ACAS or equivalent)

Tools

Excel

R

Python

SAS

SQL

Job description

Are you keen to work somewhere that’s stimulating and friendly, with loads of opportunities for growth and plenty of freedom to make a real impact? This could be the place for you!

We are looking for an Actuary to join us at INSHUR! We’re based in New York City, Westlake, CA, and Dallas, TX. Our company embraces a hybrid working model, allowing you to thrive in both collaborative office settings and the comfort of your own home. You’ll have the opportunity to work remotely while also connecting with your colleagues at our New York or Westlake office at least 2 days a week, fostering a dynamic and supportive environment.

Supported by (and reporting to) the Head of Actuarial, you'll be joining a growing global insurance team committed to delivering innovative, data-led, sustainable insurance products by challenging traditional approaches.

We value high performance and care deeply about making INSHUR a place where everyone is building something special that we can all be proud of, while enjoying the ride.

What you'll do

The Pricing Actuary will play a key role in developing pricing models, analyzing risk, and collaborating with underwriting and product development teams to ensure our insurance products are priced competitively and sustainably.

You’ll be working on:

• Strategic Pricing Models for Insurance Products: Develop and refine pricing models to assess risk and profitability for various insurance products (e.g., Commercial Auto, Taxi/Livery, Ride/Car Share, Fleet).
• Data-Driven Insights for Optimized Pricing: Analyze large datasets to identify trends and make recommendations on pricing strategies.
• Cross-Functional Alignment for Pricing Success: Collaborate with underwriting, product development, and finance teams to align pricing strategies with business goals.
• Performance Monitoring for Pricing Adjustments: Monitor and analyze the performance of existing products, making adjustments to pricing models as needed.
• Executive-Level Pricing Reports and Insights: Prepare pricing reports and presentations for senior management and stakeholders.
• Industry Intelligence for Informed Pricing Decisions: Stay updated on industry trends, regulatory changes, and emerging risks to inform pricing decisions.
• Regulatory Compliance in Rate Changes: Support the development and filing of rate changes with regulatory bodies.

We don’t have a strict checklist of skills—our hiring process focuses on aptitude and passion rather than ticking boxes. Don’t worry if you haven’t used every tool or checked all the experience boxes.

That said, the following skills would help you succeed in this role:

Desired Skills:

• Growing experience in Insurance Pricing, especially in Property & Casualty lines. Experience in Commercial or Personal Auto is a plus.
• Solid Academic Foundation: Bachelor’s in Actuarial Science, Mathematics, Statistics, Finance, or related field.
• Progressing towards or having completed Associate-level Actuarial Certification (ACAS or equivalent).
• Comfort with Analytical Tools like Excel, R, Python, or SAS, with eagerness to learn more.
• Strong Analytical Mindset with attention to detail.
• Ability to Communicate Clearly complex findings to non-technical stakeholders.
• Team-oriented yet Self-driven.
• Some Industry Standards knowledge, including regulations and pricing practices.

We will prioritize candidates with:

• Predictive Modeling and Machine Learning expertise.
• Data Management with SQL.

What you'll love about working here:

• Accountability and ownership of responsibilities.
• Fast-paced environment with quick impact opportunities.
• Solutions-focused mindset.
• Resilience and positive attitude towards setbacks.
• Curiosity and continuous learning.

Potential challenges:

• Preference for structured environments.
• Difficulty handling multiple challenges or frequent changes.
• Reluctance to contribute outside defined responsibilities.

Our process:

• Screen & Intro: 30-minute video call with Talent Team.
• First Interview: 60-minute video with Head of US Actuarial and People Ops, including technical and fit questions.
• Case Study: Take-home task followed by a review interview.

What we offer:

Salary range: $120,000-200,000, based on experience and location. We include stock options and a comprehensive benefits package:

• Holiday: 25 days + 5 after 5 years, plus sick and holidays.
• Health insurance, life, disability.
• Paid parental leave, 401(k) match, wellness benefits, training allowance.
• Equipment provided, flexible hours.

About Us

INSHUR aims to lead in insurance solutions for the on-demand economy, making coverage fair and accessible for drivers. We leverage technology and insurance expertise to serve partners like Uber, Amazon, Bolt, and others since 2016. Backed by top investors, we’ve secured over $70 million and acquired American Business Insurance in 2023. We plan to grow further globally.

Our team of 250+ values:

• Generosity, inclusivity, diversity.
• Results and learning in the open.
• High-impact decision-making.
• Wellbeing and fun.

Our commitment to diversity:

We promote a diverse, inclusive environment and are proud of our stats and recognition. We are flexible with work arrangements and committed to accessibility and equity during hiring.