Pricing Engine Product Manager

AKUR8; New York (NY); On-site; USD 114,000 - 277,000; Full time

Job summary

Akur8, a fast-growing Insurtech scale-up, seeks a Pricing Engine Product Manager to bridge actuarial and IT functions. The role involves understanding user challenges, defining solutions, and collaborating with teams to enhance product offerings. Ideal candidates will have strong problem-solving skills and experience in the insurance industry.

Qualifications

• 3+ years experience in Insurance industry with actuarial or IT interactions.
• Sound understanding of machine learning concepts and models.

Responsibilities

• Acquire deep understanding of actuarial ratemaking and IT deployment challenges.
• Lead user interviews to understand end user challenges.

Skills

Problem Solving

Analytical Skills

Communication

Job description

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ABOUT US

Akur8 is a young, dynamic, fast growing Insurtech scale-up that is transforming insurance pricing and reserving with transparent machine learning.

Our SaaS platform leverages the power of transparent machine learning and predictive analytics to inject game-changing speed, performance and reliability into insurers’ pricing and reserving processes.

Powered by skilled R&D, Product & Actuarial teams we’ve developed unique AI algorithms that automate the insurance pricing and reserving in an unprecedented manner.

This results in a pricing solution that enables insurance companies to model risks 10 times faster with greater predictive power than traditional methods, whilst including next-generation reserving features, offering an end-to-end platform that anticipates and accounts for future claims.

Akur8 has already been selected:

• In CB Insights Top 50 World Insurtech Companies 2024
• In CNBC’s World Top 150 Insurtech Companies 2024

With 42 nationalities on our team and offices in 8 major global cities, Akur8’s solution is international by design, serving over 320+ clients across 4 continents, and focusing on mature markets to drive faster growth.

To learn more about Akur8, and what we do, click here.

Akur8 is, in all senses of the term, an equal opportunities employer. Akur8 puts diversity, equality and inclusion at the heart of its values. We examine all applications based on equal skills and applying the principles of non-discrimination.

ROLE

Deploy is Akur8’s rating engine, the final step in our end-to-end vision, where all steps of pricing - from data analysis, to modeling, to ratemaking - are streamlined into one modern, powerful and efficient software.

As a new product under active development, there are numerous opportunities and challenges, providing a bridge between two key functions in insurance.

Whilst on the actuarial side it focuses on extracting insights from data and making statistical decisions for the business; on the IT side it concentrates on maintaining and producing reliable systems.

In insurance, the different skillsets and perspectives required for these two sides are currently are solved via inefficient processes and handoffs, which Deploy aims to solve in order to provide synergy and alignment so as to increase time-to-market. Solving these challenges requires a deep understanding of both IT and Actuaries objectives, how they are organized, and mapping the complex ecosystem that is behind an insurance product and its pricing.

Akur8 is looking for a Pricing Engine Product Manager motivated by problem solving, capable of deep diving on details, and who shows innovative approaches to finding intuitive solutions to seemingly complex problems.

We're looking for a profile who is highly focused on product definition, problem solving and design skillset, rather than solely a person whose main responsibility is to align priorities across the stakeholders.

The Pricing Engine Product Manager position is a cross-functional role, providing a wide range of interactions with various internal teams such as Product Design & Engineering, as well as Sales & Marketing.

Being a Product Manager in our organisation requires acquiring knowledge of how the different parts of our platform interact, and then abstracting customer problems in a framework so as to find clean solutions with solutions to complex challenges.

Main responsibilities:

• Constantly acquiring a deep understanding of actuarial ratemaking, and IT deployment challenges (product models, Policy Admin System design)
• Leading user interviews to deeply understand end user challenges and objectives
• Defining frameworks and solutions to solve user challenges by prioritizing what matters and what doesn’t
• Collaborate with Engineers to codesign and scope the features for internal development squads
• Animating training sessions for clients, prospects and colleagues

PROFILE

For this key role within our Product Management team we’re keen to speak to applicants that meet the following criteria.

You have:

• 3+ years experience in Insurance industry, with interactions with either pricing actuarial teams or IT (pricing or policy admin systems)
• 3+ years experience in a quantitative position, such as Data Scientist, Engineering or Product Manager.
• A sound understanding of machine learning concepts, models, and algorithms
• Excellent quantitative & analytical skills
• Very strong problem solving skills with a focus on providing and creating robust solutions
• Ability to provide detailed, focused and deep product requirements and system reactions
• Team leadership or management experience
• Effective communication skills (to exchange with both technical & non-technical stakeholders / clients).
• A collaborative mindset (capability to work as part of a team in a dynamic environment)

Important: You must possess the authorisation to work in the relevant country (whether France / USA / Canada or the United Kingdom).

In exceptional circumstances / for exceptional candidates, we are equally open to the visa sponsorship as long as they meet the above criteria & are already in possession of their final diploma / attestation of their final academic results.

BENEFITS

According to geographical territory, and to be stipulated during the interview process.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Product Management and Research

• Industries

  Software Development and Insurance

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