Senior Pricing Analyst

INSHUR; New York (NY); Hybrid; USD 120,000 - 200,000; Full time

Job summary

INSHUR is seeking a Senior Pricing Analyst or Actuary to develop innovative pricing models and analyze risks in insurance products. This role offers the flexibility of a hybrid work environment, fostering collaboration while allowing for remote work. Join a dynamic team dedicated to reinventing insurance solutions for the on-demand economy.

Benefits

25 days of holiday (+5 days after 5 years)

401(k) with 4% company match

Flexible working hours

$650 annual training allowance

Comprehensive medical, dental, and vision insurance

Qualifications

• Experience in Property & Casualty lines, especially Commercial or Personal Auto is a plus.
• Progressing towards actuarial credentials (ACAS or equivalent) is preferred.
• Ability to communicate complex findings clearly.

Responsibilities

• Develop and refine pricing models for various insurance products.
• Analyze large datasets to identify trends for pricing strategies.
• Collaborate with underwriting and product development teams.

Skills

Analytical Mindset

Attention to Detail

Predictive Modeling

Machine Learning

SQL

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance

Tools

Excel

R

Python

SAS

Job description

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Talent Partner @ INSHUR | Talent Acquisition, Recruitment

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 a Senior Pricing Analyst or Actuary to join us at INSHUR! We're based in New York City, Westlake, CA, and Dallas, TX, and 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.

You'll be working on re-inventing insurance in exciting markets across multiple territories including the UK, US, and the Netherlands, with plans to expand into new European countries.

Supported by (and reporting to) the Head of Actuarial, you'll be joining a growing global insurance team who believe in delivering highly innovative, data-led, sustainable insurance products by challenging everything they know about insurance.

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 Senior Pricing Analyst or Pricing Actuary will play a key role in developing pricing models, analyzing risk, and collaborating with underwriting and product development teams to ensure that 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 definite checklist of skills - our hiring process is much more about aptitude and passion than ticking boxes. So don't worry if you haven't used a particular tool or checked off all the listed skills and experience.

That said, below is a guideline of skills that we think would make you successful in this role:

We'd love to hear from you if you have:

• Growing Experience in Insurance Pricing: Exposure to pricing in Property & Casualty lines — any experience in Commercial or Personal Auto is a plus, but we're open to other lines like Commercial Property.
• Solid Academic Foundation: Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative discipline.
• Progressing in Actuarial Credentials: Working towards or completed Associate-level certification (ACAS or equivalent). Commitment to professional development is what counts.
• Comfortable with Analytical Tools: Hands-on experience (academic or professional) with tools like Excel, R, Python, or SAS — curiosity and eagerness to learn go a long way here.
• Analytical Mindset with Attention to Detail: Demonstrates strong problem-solving skills and a methodical approach, even in early roles or internships.
• Communicates Clearly, Even When It's Complex: Able to explain technical findings to peers or business stakeholders in a clear, concise manner — or at least isn't afraid to try and improve.
• Team-Oriented but Self-Driven: Comfortable working independently and thrives when collaborating across teams — especially when learning from more experienced colleagues.
• Awareness of Industry Standards: Some exposure to insurance regulations and pricing practices — understanding the importance of compliance and accuracy.

We will prioritise candidates that have :

• Predictive Modeling and Machine Learning Expertise: Proficiency in predictive modeling and machine learning techniques.
• Data Management Proficiency with SQL: Familiarity with SQL or other data management tools.

You'll love it here if you:

Take pride in being accountable and owning your responsibilities.

Enjoy in a fast-paced environment where you can make changes happen quickly.

Are solutions-focused and driven to overcome challenges.

Embrace resilience and adapt to setbacks with a positive attitude.

Are intellectually curious, constantly seeking to learn, explore new ideas, and not afraid to question and improve your understanding.

You may not enjoy working here if:

Prefer a more structured, slow-moving environment.

Feel most comfortable when tasks and processes are clearly defined from the start.

Struggle with handling multiple challenges at once or adapting to frequent changes.

Tend to stick strictly to your defined role and avoid contributing outside of your responsibilities.

What to expect from the process:

Screen & Intro: 30-minute video call with the Talent Team to discuss the role and your experience.

First Interview: 60-minute video call with the Head of US Actuarial and People Ops Partner, including technical questions, team fit, and an opportunity for you to ask questions.

Case Study: A brief take-home task followed by a 45-60 minute video interview with the Director of Insurance and Head of US Actuarial to review the case study and technical fit.

What we offer

Our budget for this role is $120,000-200,000, and we will consider previous experience and location when finalizing the offer.

We offer stock options and a comprehensive benefits package, including:

• 25 days of holiday (+5 days after 5 years), 5 sick days, and 8 federal holidays
• Medical, dental, and vision insurance
• Life insurance, short-term, and long-term disability benefits
• 13 weeks fully paid parental leave for all new parents
• 401(k) with 4% company match
• Flexible working hours
• $650 annual training allowance & learning opportunities
• 24/7 Employee Assistance Program and mental health benefits

Everyone is provided with necessary equipment like laptops, monitors, and software.

About Us

INSHUR is on a mission to lead in insurance solutions for the on-demand economy, making coverage fair and accessible for drivers.

We leverage cutting-edge technology and deep insurance expertise to offer affordable premiums and innovative solutions for on-demand drivers, supporting partners like Uber, Amazon, Bolt, FREENOW, and OLA since 2016.

Backed by prominent VC firms and with over $70 million in funding, we are expanding our portfolio and international presence.

Our global team of around 250 employees values diversity, inclusivity, results, learning, and wellbeing, and we enjoy what we do.

Equal opportunities

We are committed to diversity and inclusion, with a team that includes 43% women, 26% BAME or BIPOC, and 13% LGBTQ+ as of July 2024. We celebrate multiple nationalities and generations, and follow a structured, inclusive hiring process. We are flexible regarding work arrangements and committed to accommodating individual needs.