Senior Actuary

We’re looking for a Senior Actuary who is eager to revolutionize car insurance with us. In this role, you’ll be managing rate levels, building advanced pricing models & tools, and bringing actuarial discipline to all facets of Lemonade - from distribution to underwriting, claims, compliance, and finance. You’ll leverage competitive data and data science to optimize our customers’ experience and ensure fairness and accuracy in pricing. 

• Be an owner and expert on our car insurance state rating plans and rate indications

• Lead the development and integration of predictive modeling projects while working closely with the Data Science team

• 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

• Develop the rates and pricing strategy for product expansions in new states

• Lead in the design and development of internal pricing software for advanced analytics to support real-time decision making and scalable growth

• 7+ years of P&C personal lines experience; Attained ACAS or greater

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field

• Strong proficiency in data science programming languages such as Python required, and database query tools such as SQL

• Familiarity with predictive modeling concepts, including supervised machine learning approaches such as GLMs, decision trees, gradient boosting machines, and random forests 

• Ability to work in a remote environment

• Enthusiasm about learning and adapting to the exciting world of AI –  a commitment to exploring this field is a fundamental part of our culture

*Please note that we are unable to sponsor applicants for work visas

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 $160,000 - $185,000  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.