Head of Actuarial Pricing
Who we are at Embroker
Embroker is the digital insurance company committed to transforming business insurance. With a radically simple approach, Embroker is replacing the 1970’s technology of the insurance industry, with a first-ever end-to-end digital insurance platform that provides better coverage and reduced cost; all in minutes, not hours. Founded in 2015 and headquartered in San Francisco, Embroker has raised over $100M of funding from leading fintech investors.
Radically Simple > Needlessly Complex.
The value of this position
The Head of Pricing is a newly created role reporting to the Chief Insurance Officer. The role is accountable for delivering innovative actuarial solutions, pricing models and rate plans, competitor analysis, trend analysis and profitability studies. Additionally, the Head of Pricing is accountable for building an actuarial foundation and organization with the goal of converting to a full stack-carrier in mind.
What you will own in this role
- Develop and continuously improve profit and pricing infrastructure.
- Update key model assumptions, trend, LDF’s pricing methodology, trend, rate indications, key actuarial philosophies, loss trend analysis and a return framework.
- Develop pricing, planning methodologies, and evaluate their ongoing effectiveness.
- Development of new pricing models as well as ongoing refinement of existing pricing models.
- Assisting the filing team in preparation of filings and responses to objections.
- Working closely with the Head of Finance to provide subject matter expertise on financial projections.
- Working closely with the Head of Analytics to develop and continuously improve advanced price segmentation models.
- Monitor leading and lagging indicators to profitability on a monthly basis.
- Engage with risk capital partners.
- Oversee and manage all actuarial projects.
- Engage outside actuarial firms as needed.
What experience we think is the right fit
- ACAS or FCAS
- 8+ years of experience as an actuary
- Bachelor's Degree
- Experience as a commercial P&C pricing actuary
- Actuarial Consulting Experience
- Experience building rate plans as well as exceptional Excel skills
- Adept at bringing creative insurance product ideas to solve ambiguous problems
- Exceptional communication skills, with an emphasis on real-time interaction, either written or verbal
- Experience developing new rating methodologies
- Ability to effectively manage multiple projects with the ability to prioritize high impact work
- Data analytics experience in predictive modeling, AI and machine learning
- Business Acumen
- Entrepreneurial and Dynamic
- Buying Reinsurance
Our Pack at Embroker lives our values
- Pack First
We succeed and fail as one team. We always optimize for what is best for our entire organization. We communicate honestly and openly, treat each other with mutual respect, and assume positive intent in interactions.
- Create Magic
We deliver delightful experiences at every customer touchpoint and dedicate ourselves to make each one exceptional. We build transformational world-class products by applying our full creativity to find solutions to even the hardest problems.
- Be All-In
We make focused commitments. We are accountable to ourselves and each other to deliver on time. We move fast and attack challenges with relentless positivity. We build things that make us proud.
We believe that systemic structures and practices disproportionately disadvantage the most marginalized people in society — including people of color, people from working-class backgrounds, women, and LGBTQ people. We believe that these communities must be represented and included in the work we do, to make our Pack stronger, more creative, and improve the way we do business. We strongly encourage applications from people with these identities or who are members of other marginalized communities.