We’re hiring an Associate Actuary in Columbus, OH

About the company
Root Insurance is the world's first mobile-only, usage-based-insurance-only car insurance company! Located in Columbus, Ohio, Root was founded in 2015 with the goal of solving the following problem: good drivers pay FAR too much for car insurance. If the sensors in your smartphone prove to us that you are a safe driver, then we will give you an unbeatable price, which we can afford to do since we don't sell insurance to dangerous drivers. Other guiding principles at Root are the improvement of UX via extensive testing and the achievement of efficiency through modern technology and paradigms including AI and machine learning.

Job description
As an actuary, this should be the time of your life. New data everywhere, new analytical approaches, and the massive computational power to finally put the two together.

But, if you’re working at most insurance companies, odds are you aren’t solving these problems. At Root, we are using data and analytics to change the way the insurance industry works.

We’re rapidly growing and expanding into new markets. In this role, you will be building our pricing models from the ground-up.

Responsibilities

  • Lead pricing initiatives including state-by-state roll-out and developing/automating reporting processes for analysis
  • Use statistical models to develop rating plans and recommendations for pricing improvement
  • Evaluate and analyze market data to make competitive strategic decisions
  • Reserve analysis including traditional and non-traditional techniques
  • Opportunities for growth with company into management or other more senior roles

Minimum Requirements

  • ACAS designation or Masters in Statistics/Applied Mathematics
  • 5 years of P&C actuarial insurance experience
  • 3 years of pricing insurance experience
  • Practical predictive modeling experience
  • Demonstrable expert knowledge in statistical analysis
  • Demonstrable experience with modeling in R, Python or other modeling software packages
  • Intermediate experience in SQL/PostgreSQL or other database software packages
  • Preferences
  • Personal Auto/Home pricing experience
  • Management experience (team, project, or product)
  • Actuarial reserving experience

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
Why join Root? Because we believe the best way to move the world forward is the relentless pursuit of ideas. We build things that ought to exist, but would not exist, if we were not building them. We do this through immense dedication to our craft, an unwavering focus on our fellow human beings, and a maniacal obsession with the quality of our creations. Problems stick in our craw, and we don’t let them go until we solve them. We believe in the scientific process and know that experimentation is the best way to find truth. We don’t hold ideas down no matter how crazy they may seem. We foster them, nurture them, and unceasingly test them. If you are the kind of person that loves tackling big problems with a collaborative group of people until you find solutions, you belong here.

If working here sounds interesting and you'd like to be a part of building Root with us, we'd love to chat.