Note: The job is a remote job and is open to candidates in USA. Openly is a company focused on re-envisioning insurance to enhance the customer experience. They are seeking an Actuarial Analyst to assist in product development and profitability reviews, leveraging technology to automate pricing management functions.
Responsibilities
- Drive state expansion by assisting in developing rating models, developing other customer-facing models, and supporting DOI inquiries
- Develop and expand product analytics capabilities to enrich understanding of Product Profitability. Operationalize insights
- Assist in producing formal actuarial deliverables as needed (rate indications, amendments to rating plan, reinsurance analysis, loss modeling, etc.)
- Design and enhance analytical frameworks and capabilities, in partnership with our Senior Research Actuary
- Develop efficient processes that support the integration of our analytical frameworks/capabilities into our day-to-day operations. Outputs include descriptive reporting, anomaly detection, diagnostic tools, modeled forecasting, and accuracy monitoring
- Continuously test and adopt newly available tools/capabilities to improve the scale and rigor of our actuarial capabilities
Skills
- 1-3 years of experience in insurance pricing, preferably with experience in personal lines insurance pricing
- Progress made towards ACAS/FCAS designations (preferably 3+ exams)
- Strong technical (SQL) and analytical skills, capable of developing quantitative analyses through data manipulation, often operating in ambiguity and leveraging creativity
- Python familiarity or interest to learn
- Strong communication skills
- Homeowners and/or Auto insurance experience is a plus
Benefits
- Remote-First Culture - We supported #remotelife long before it was a given. We'll keep promoting it.
- Competitive Salary & Equity
- Comprehensive Medical, Dental, and Vision Plan Offerings
- Life and disability coverage including voluntary options
- Parental Leave - up to 8 weeks (320 hours) of paid parental leave based on meeting eligibility requirements(Birthing parents may be eligible for additional leave through STD)
- 401K Company Contribution - Openly contributes 3% of the employee's gross income, even if the employee does not contribute.
- Work-from-home stipend - We provide a $1,500 allowance to spend on setting up your home workplace
- Annual Professional Development Fund: Each employee has $2,000 in professional development (PD) funds to spend on activities or resources annually. We want each Openly employee to achieve personal and professional success and to feel supported, confident, and informed about improving their efficiency and productivity.
- Be Well Program - Employees receive $50 per month to use towards your overall well-being
- Paid Volunteer Service Hours
- Referral Program and Reward
Company Overview
Openly offers premium home insurance exclusively through independent agents in multiple states. It was founded in 2017, and is headquartered in Boston, Massachusetts, USA, with a workforce of 201-500 employees. Its website is https://openly.com.
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