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Senior Actuarial Analyst, Auto & Renters Pricing

Remote (United States)

Our telematics data has opened the door to new ways of auto pricing: new data everywhere, new analytical approaches, and the massive computational power to finally put the two together. We're looking for actuaries that are ready to roll up their sleeves and get their hands dirty, building better models and analytics from the ground up.

We're looking for a Senior Actuarial Analyst to make Root a nation-wide insurance provider by building, filing, and implementing initial rating plans in new auto and renters states. There's no playbook on how to do this; you'll be taking both statistical modeling and creative problem solving to incorporate insights into a final product. However, your role doesn't end once our product is live. Once in the market, you'll be monitoring and reporting on key market metrics, making strategic adjustments to meet Root's goals.

What you'll be doing

  • Execute pricing initiatives including initial state-by-state roll-out and rate changes for auto and renters products
  • Support rate filings and engineering implementations
  • Use statistical models to develop rating plans and recommendations for pricing improvements (example: rate indications work, limit studies, etc)
  • Build monitoring and reporting on new market metrics vs strategic goals
  • Evaluate and analyze market data to make competitive strategic decisions
  • Opportunities for growth with company into management or other more senior roles

What we're looking for

  • 3+ years of P&C insurance experience in an actuarial role
  • Demonstrable experience with modeling in R, Python or other modeling software packages
  • Intermediate experience in SQL or other database software packages

Some things we'd prefer

  • 4+ CAS/SOA exams OR Masters in Statistics/Applied Mathematics
  • Personal Auto/Home pricing experience
  • Demonstrable experience building and validating predictive models (e.g. model selection, performance metric selection, cross-validation, bootstrapping)
  • Rigorous statistical thinking within an alternative model framework
  • Management experience (team, project, or product)
  • Experienced candidates may be considered for team leadership role

Get In Touch

Finding the right people to help us build Root is a top priority. Whether you would like to explore the possibility of working together or simply learn more about the position, we’d love to hear from you!

Apply now

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.

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Root Inc.

80 E. Rich Street

Suite 500

Columbus, OH 43215

Copyright ROOT 2021. ROOT is a registered servicemark of Root Insurance Company, Columbus, OH. Disclaimer for quotes: We reserve the right to refuse to quote any individual a premium rate for the insurance advertised herein. Disclaimer for coverage: Coverage is available in the event of a covered loss. Exclusions may apply. Not available in all states. Disclaimer for savings: Based on savings reported by actual customers who purchased a new Root policy between October 2019 - July 2020; changes in coverage levels not evaluated. For California residents: Telematics is not used and resulting represented savings are not applicable. Referral program not applicable. Roadside Assistance purchased as separate coverage. Visit joinroot.com/califaq for more information. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.