Actuary

  • 40 Exchange Pl, New York, NY 10005, USA
  • Full-time

Company Description

Running a small business is hard. Getting insurance for your small business is even harder. It takes forever, the process is antiquated, and one wrong decision can be disastrous.

At Attune, we’re changing small business insurance in a big way.

At the forefront of the insurtech industry, we are rebuilding small business’ access to insurance from scratch, making it instant, easy, and safe. How? Instead of requiring that a business answers hundreds of questions (seriously), our sophisticated platform aggregates the necessary data from different sources, and then uses incredibly advanced analytics to create tailored products that can be delivered in mere minutes, not days or weeks.

We are at the beginning of our journey and are looking for innovators who are curious and excited to drive change.

Backed by Two Sigma, AIG, and Hamilton Insurance Group, we have the horsepower and partners to make a big impact. Unlike other startups, Attune has the funding, expertise, and support to modernize and move quickly. If you are energized by making the complex, simple; the time consuming, easy; and the antiquated, tech-enabled, we want you on our team.

Disrupting an industry through data, technology and speed isn't easy – but the challenges we’ll tackle together are some of the most rewarding you’ll experience in your career.

Job Description

As an Actuary, you will join a fast paced and growing team of data scientists and underwriters in profitably yet rapidly scaling a book of SME BOP, Excess, Workers Compensation, and Habitational business by combining traditional loss modeling with new machine learning techniques. From working with unique third party data sets to instantiating innovative ways to manage portfolios, you will play a central role in evolving how insurance portfolios are managed. You will partner with the technical product, underwriting, and revenue functions within Attune to build out new programs and the underlying analytics that supports them.

Responsibilities include:

  • Redefining traditional underwriting by exploring and incorporating third party data sets and data science methodologies into eligibility and its impact on ratemaking

  • Building new models and plans for underwriting and pricing; both for new programs and for verticals within the existing portfolio

  • Managing portfolio economics by means of building and maintaining simulations for loss runs and suggesting improvement to underwriting methodologies based on portfolio performance

  • Presenting on losses and premiums to carrier and reinsurance partners and managing part of those relationships

  • Supporting underwriting on rate support and justification for product filings

Qualifications

Requirements:

  • 8-15 years experience as a P&C actuary, preferably working in an analytics or data science intensive role.

  • FCAS’ preferred, ACAS’ with rounded experience definitely considered

  • Comfort operating with a lack of data, making assumptions or using proxies to supplement the data that does exist

  • Considerable expertise with pricing, catastrophe modeling, financial projections  and reinsurance; reserving principals and economic capital modeling a plus.

  • Experience with predictive modeling (classification, regression, parameter tuning, feature selection, validation, performance reporting), preferably with multiple techniques

  • Proficiency with common data manipulation and modeling tools (SQL, Python, R, SAS)

Traits for success:

  • You are a hands-on problem solver who is comfortable with ambiguity and loves a fast-paced environment.

  • You have a good eye for model fitting and biases in the statistical context as well as in the application of the model.

  • You are willing to work with programmers and data scientists to constantly improve the integrity and automation of your work.

  • You are well organized and can handle many unrelated requests without losing track of them.

  • You can use software to organize your activities when needed.

  • You have exceptional written and verbal communications skills.

  • You have strong interpersonal skills and are capable of building relationships to drive success.

Additional Information

What we offer you:

  • An opportunity to change the small business landscape.
  • A great working environment that lives continuous improvement and encourages sharing ideas and taking risks to find better ways of doing things.
  • A culture that promotes great relationships both inside the office and outside through activities in our community and company sponsored intramural clubs and events.
  • Equity compensation.
  • Medical and 401(k) matching from day one.
  • Fully stocked kitchens with free snacks & drinks.

Attune Insurance Services, LLC is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected Veteran status.