Remote, United States | Insurance | Full-time
Not your everyday company
Lemonade completely reinvented how insurance works. As a customer-centric tech company, we created an insurance experience that is smart, instant, and delightful.
At Lemonade, you'll be working with a group of like-minded makers, who get a kick out of moving fast and delivering great products. We surround ourselves with some of the smartest, most motivated, creative people who are filled with positive energy and good karma.
Unlike most publicly traded companies, we're nimble and efficient. We take pride in the fact that we still think and operate like a startup. We don't care much about titles and hierarchy and instead focus on innovation, bold moves, and challenging the status quo.
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We're built as a lean, data-driven organization that relies on a common understating of objectives and goals to provide teams with autonomy and ownership. We don't like spending our days in meetings and we skip committees altogether. At Lemonade, there's no such thing as going over someone's head. We have zero tolerance for bureaucracy, office politics, and lean-back personalities.
As a Public Benefit Corporation and a certified B-Corp, we deliver environmental and social impact using our products and tech. Through our Giveback program, we partner with organizations such as the ACLU, New Story, The Humane Society, Malala Fund, American Red Cross, 360.org, charity: water, and dozens of others, and have donated millions towards reforestation, education, animal rights, LGBTQ+ causes, access to water, and more.
Awarded 'best workplace'
Best Workplace and Best-Led Company by Inc. Magazine
"World Changing" by Fast Company
Recognized as a World Changing Idea by Fast Company Magazine
Ranked #1 Home insurance in America
Won best renters and homeowners insurance in America by US News, and others
Best Pet Insurance in America
Rated "Best Overall Pet Insurance" by Better Homes & Gardens
Rated 4.9 on the App Store
Among the highest rated apps of all time
What you're applying for
We're looking for a driven Senior Actuarial Manager who is ready to lead a talented team while building the most innovative car insurance on the market!
In this role, you'll be spearheading the development and implementation of cutting-edge pricing models for our car product. You'll be managing rate levels and bringing actuarial discipline to all facets of Lemonade - from distribution to underwriting, claims, compliance, and finance. You'll also leverage competitive data and data science to optimize our customers' experiences and ensure fairness and accuracy in pricing.
In this role you'll
- Own state rating plans and rate indications for Lemonade Car
- Lead the development and integration of predictive modeling projects while working closely with the Data Science team
- Develop the rates and pricing strategy for product expansions into new states
- Assist in the design and development of internal pricing software for advanced analytics to support real-time decision making and scalable growth
- Craft rate filing support for new machine learning models
- Recommend pricing and underwriting actions based on ongoing monitoring of results
- Build a knowledge base of competitor rating strategies and the overall competitive landscape
- Manage and develop a team of high-performing analysts
- Further your actuarial education through CAS exams and industry research while applying learnings on the job
What you'll need
- 7+ years of P&C actuarial experience; ACAS or greater required
- 2+ years leading and managing a team
- B.S. in Actuarial Science, Mathematics, Statistics, or a related field
- Proficiency in data science programming languages such as R or Python (preferred), and database query tools such as SQL
- Proficient with predictive modeling concepts, including supervised and unsupervised machine learning approaches such as GLMs, decision trees, gradient boosting machines, random forests, and clustering.
- Prior personal lines pricing experience is a definite plus
Unfortunately, we cannot consider applicants from these states; Colorado, California, Montana, Hawaii, New Mexico and Puerto Rico.
Lemonade's US base salary range for this full-time position is $175,000 -$200,000 + equity + benefits. Our salary ranges are determined by role, level, and location. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Speak to your recruiter to hear more about the specific salary range for your preferred location
Things to know...
Lemonade is an equal opportunity employer committed to diversity and inclusivity. We never discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status. If you require reasonable accommodations due to religious beliefs, pregnancy, or disabilities, let us know at any time.