Sr. Actuarial Analyst

Root Insurance; United States; Remote; USD 85,000 - 104,000; Full time

Job summary

A leading insurance company is seeking a Senior Actuarial Analyst to join their Corporate Actuarial team. The role involves leveraging statistical modeling and collaborating with various teams to enhance financial reporting and reinsurance strategies. The company promotes remote work and continuous learning opportunities.

Qualifications

• 3+ years of actuarial experience in P&C insurance, preferably personal auto.
• Intermediate experience with R, Tableau, and SQL.

Responsibilities

• Execute reinsurance initiatives and analyze treaty performance.
• Support month-end reserving processes and collaborate with stakeholders.
• Leverage statistical models to develop reserve methodology.

Skills

Data Analysis

Statistical Analysis

Problem Solving

Education

CAS/SOA Exams

Tools

R

Tableau

SQL

Job description

CURRENT ROOT EMPLOYEES - Please apply using the career page in Workday. This career site is for external applicants only.

The Opportunity

We are looking for a Senior Actuarial Analyst to join our Corporate Actuarial team, taking on new research initiatives as well as various reserving and reinsurance analyses. The Corporate Senior Actuarial Analyst leverages statistical modeling, both traditional and innovative reserving methodologies and creative problem solving to understand company performance metrics and assist in financial reporting. In addition, this role will work directly with our reinsurance team to gather and analyze data that informs reinsurance treaty performance and contributes valuable insights to Root’s reinsurance strategy as we continue to grow as a company.

Root is a “work where it works best” company, meaning you can choose to work remotely, in a hybrid capacity, or from our headquarters in Columbus, OH - whatever setup helps you thrive. At Root, we support continuous learning and career growth through exam support, mentorship opportunities, and exposure to cross-functional initiatives across actuarial, claims, data science, and accounting/finance teams.

Salary Range: $85,000 - $104,000 (Bonus and LTI Eligible)

How You Will Make an Impact

• Execute reinsurance initiatives, including but not limited to, aggregation of internal data for treaty renewal submissions, analysis of treaty performance and reinsurance market trends, and further the automation of net of reinsurance calculations for financial reporting
• Support month-end reserving processes
• Collaborate with stakeholders in Claims, Pricing, and State Management to understand the impact of internal and external factors on reserves, loss development patterns, and trends.
• Leverage statistical and projection models to further develop Root’s reserve methodology
• Research loss performance of Root’s book of business at a more granular, detailed level
• Evaluate and analyze market data to make competitive strategic decisions
• Contribute to additional strategic initiatives as needed

What You Will Need to Succeed

• 3+ years of actuarial experience in the P&C insurance industry, preferably with a focus on personal auto insurance
• Intermediate experience with R, Tableau
• Demonstrable experience in SQL
• 3+ CAS/SOA exams
• Reserving and/or reinsurance experience a plus
• Demonstrable experience in data analysis, financial reporting and/or predictive modeling
• A strong foundation in statistical analysis, ideally with exposure to non-traditional or machine learning-driven reserving models

As part of Root's interview process, we kindly ask that all candidates be on camera for virtual interviews.
This helps us create a more personal and engaging experience for both you and our interviewers.
Being on camera is a standard requirement for our process and part of how we assess fit and communication style, so we do require it to move forward with any applicant's candidacy.
If you have any concerns, feel free to let us know once you are contacted. We’re happy to talk it through.

Don’t meet every single requirement?

Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Root, Inc., we are dedicated to building a diverse and inclusive workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway!

Join us

At Root, we judge people based on the merit of their work, not who they are. If you are passionate about what this role entails and solving real problems, we encourage you to apply. We want to learn about you and what you can add to our team.

Who we are

We’re harnessing the power of technology to revolutionize insurance. Using machine learning and mobile telematic platforms, we’ve built one of the most innovative FinTech companies in the world. And we’re just getting started.

What draws people to Root

Our success is in large part due to our unwavering standards in hiring. We recognize that our products are only as good as the people building and promoting them. We want individuals who find solutions by going through the cycle of ideation to implementation with curiosity, rigor, and an analytical lens. Ask anyone who works here and you’ll hear similar reasons for why they joined:

Autonomy—for assertive self-starters, the opportunities to contribute are limitless.

Impact—by challenging the way it’s always been done, we solve problems that have a big impact on our business.

Collaboration—we encourage rich discussion and civil debate at every turn.

People—we are inspired by the collection of crazy-smart people around us.