Actuarial Associate
Bamboo Insurance · United States · 2 wk ago
RemoteRemoteFinance$130k/yrFull-time
Duties/Responsibilities
- Lead and support the development and refinement of pricing strategies and models for homeowners insurance products, ensuring profitability, market competitiveness, and alignment with broader business objectives.
- Perform actuarial analyses, including rate indications and rate filings, in accordance with state regulatory requirements.
- Act as a strategic business partner to underwriting, product management, claims, and compliance teams — leading the design and modification of insurance products based on market insights, data analytics, and business priorities.
- Apply advanced actuarial techniques, statistical methods, and modeling to forecast and clearly communicate the business impact of pricing, underwriting, and product changes to both technical and non-technical audiences.
- Extract, manipulate, and analyze large datasets using SQL and Python to support pricing, reserving, and risk modeling initiatives for homeowners insurance.
- Own and manage multiple workstreams simultaneously, maintaining organized project plans, timelines, and documentation to keep stakeholders informed and deliverables on track.
Required Skills/Abilities
- Strong business acumen with the ability to translate complex actuarial analyses into actionable business recommendations.
- Solid foundational knowledge of homeowners insurance products and pricing.
- Experience with predictive modeling and advanced analytics techniques, including machine learning.
- Excellent communication skills to convey complex actuarial concepts to non-actuarial stakeholders.
- Exceptional organizational skills, with a proven ability to manage multiple priorities, maintain structured workflows, and consistently meet deadlines in a fast-paced environment.
Required Education And Experience
- Bachelor's degree in mathematics, actuarial science, statistics, or related quantitative field.
- A minimum of four years of experience in property and casualty insurance, with a focus on personal lines insurance.
- Strong proficiency in actuarial and data analysis tools (e.g., Excel, SQL, Python).
Preferred Requirements
- Prior experience working with homeowners insurance products.
- Familiarity with regulatory filing processes, including experience interacting with state regulators.
- ACAS or near-ACAS Experience with cat modeling and using the outputs of cat models in pricing.
Physical Requirements
- Prolonged periods of sitting at a desk and working on a computer.
Pay
Starting at $130,000 annually. Candidate's skills, experience and abilities will be taken into consideration for final offer.