Sr. Actuarial Associate

| Peninsula
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Role: Sr. Actuarial Associate 

Location: Palo Alto, CA

Reports To: Sr. Manager Pricing

Hippo is modernizing home insurance by putting customers at the center of everything we do. Using innovative technology and a data-driven approach, we strive to provide homeowners with the best policies, best value, and best customer service in the industry. And as if that isn’t enough, it’s really just the beginning. Hippo’s true ambition lies in helping prevent people from experiencing problems with their homes to begin with. Because, at the end of the day, the best home insurance policy is the one you never have to use.

Our fresh approach to home insurance clearly resonates with people. Hippo has grown 25% a month over the past year, has a customer satisfaction score more than double the industry average, and insures more than $90B in property value. We’re seeking the most passionate and skilled talent to redefine the role insurance plays in people’s lives.

About You

You are creative, self-motivated, and eager to build solutions in a fast-paced startup environment with an abundance of accessible data and growth opportunities, collaborating alongside the top minds in tech and insurance. You are a high performing actuary with around 4 years of broad business experience applying an actuarial lens to achieve innovative solutions. You learn and adapt quickly and are eager to pick up new opportunities, new technology, and build new things. You are comfortable with uncertainty and rapid change, and you thrive with the autonomy to identify, prioritize, and execute while balancing the long-term vision vs. short-term goals of the company and team. You are a best-in-class communicator and comfortable raising and challenging ideas to all levels of the org in an open and curious professional culture.

Responsibilities

  • Support and drive forward the build out of a framework to measure and manage our countrywide and state portfolio economics across all our products, ensuring the health of the P&L and strategy to achieve our profit, growth, and risk appetite goals efficiently
  • Form a holistic perspective and opinion on the book and recommend rate guidance and other levers to drive profitable growth by incorporating all available information and proactively seeking to integrate new information into our framework: actuarial indications, trends, initiatives, risk-based targets, distribution feedback, market and industry data, risk, capital efficiency, and so on
  • Envision, design, and implement innovative tools and reporting to analyze market and industry data and incorporate into our decision-making framework
  • Support the development and utilization of pricing models and predictive analytics with internal and external data to identify drivers of loss cost, frequency, and severity, draw out important insights and use findings to influence tactical pricing decisions
  • Collaborate proactively and independently across functions to drive communication and education around loss ratio performance, risk-based targets, capital efficiency, and strategy
  • Use technology to build efficient and scalable processes in a growing, lean company
  • Support and advise on a wide variety of related team projects such as rate filings, capital modeling, reinsurance, and underwriting

Requirements

  • 3-5 years of professional experience in actuarial, capital modeling, data science, or related P&C insurance role
  • Actuarial credentials: ACAS or FCAS preferred
  • Strong research, statistical, analytical, and mathematical skills with ability to conduct analysis on limited and/or unstructured data.
  • Deep knowledge of actuarial and insurance concepts such as loss cost trends, rate indications, loss cost modeling, reserving and other key metrics.
  • Demonstrated experience presenting to senior leadership and communicating with a large audience across different disciplines
  • Strong SQL and expert Excel skills are required
  • Strong knowledge of data architecture and best practices of relational databases.
  • Comfort using R or Python to wrangle, analyze, and visualize data
  • Demonstrated project and/or people management and ability to deliver under tight timelines

Compensation and Perks

  • Fun offices located in downtown Palo Alto, less than a 5 minute walk from Caltrain
  • Stocked kitchen
  • Flexible, uncapped PTO (with manager approval)
  • Full time salary based on experience and equity in a fast-growing startup
  • Full paid benefits for you and your family including medical, dental, vision, ltd, std, EAP, and flexible spending accounts

Hippo is an equal opportunity employer, and we are committed to building a team culture that celebrates diversity and inclusion.

Hippo’s applicants are considered solely based on their qualifications, without regard to an applicant’s disability or need for accommodation. Any Hippo applicant who requires reasonable accommodations during the application process should contact the Hippo’s People Team to make the need for an accommodation known.

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Location

We are located in downtown Palo Alto, just two blocks from University Avenue, one of the liveliest streets in Silicon Valley.

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