Lead Actuarial Analyst

Overview

Are you looking for a chance to be part of a high performing team that is passionate about profitable growth? Does the thought of building solutions ground up excite you? If yes, then join us and be part of a team that's forging the path to data-driven success. We are seeking a highly analytical Lead Actuarial Analyst to join our dynamic Boston-based Home Actuarial team.

As an Actuarial Analyst for our @Home business, you will be responsible for identifying and diagnosing key drivers of our business results through reserve studies, rate indications, and complex analyses. This is position and will have the opportunity to influence the way actuarial analytics drive our innovative and growing homeowners product.

• Utilize core actuarial skillsets including rate making, reserving, CAT management and reinsurance while being embedded in the Product team
• Provide mentorship and support to junior employees, including oversight of Interns
• Analyze complex internal and external data to understand drivers of trends and profitability
• Build predictive models of moderate complexity to improve pricing sophistication and roll out underwriting initiatives
• Monitor the competitive, and regulatory environment for homeowners insurance, proactively identifying emerging threats to our objectives and implementing solutions
• Serve as a regulatory expert, providing a thorough understanding of our products and endorsements
• Develop quarterly homeowners reserve analyses, incorporating both traditional and non-traditional methods to accurately estimate future reserves
• Collaborate with the Product and Claims teams, understanding business and operational changes to improve reserve estimate accuracy
• Assess profitability of the homeowners business, working with Actuarial Managers and Product Managers to determine rate needs and pricing opportunities
• Drive continuous improvement of reserving, indications, and loss ratio forecasting processes
• Execute deep dive analyses on underperforming segments to identify and correct key drivers

• Expertise in SQL, with hands on Python, Tableau, and ResQ experience preferred
• Exceptional critical-thinking, problem-solving, and analytical skills
• Knowledge of how insurance pricing works and how to get things approved by state regulators
• Ability to leverage predictive models and other quantitative concepts to improve pricing sophistication
• Ability to diagnose business problems, identifying appropriate data and information needed to perform analyses
• Proven ability to clearly communicate complex actuarial analyses, both in writing and verbally, to technical and non-technical stakeholders
• 6+ years of property and casualty actuarial experience
• Commitment to achieving membership in the Casualty Actuarial Society. Have achieved ACAS or near-ACAS
• Proven mathematical and analytical skills, as generally acquired through pursuit of a Bachelor’s degree in Mathematics, Statistics, Economics, Actuarial Science, or related field
• Higher level degree preferred

The pay range for this position is $114,000 to $152,000 annually. Actual compensation will vary based on multiple factors, including employee knowledge and experience, role scope, business needs, geographical location, and internal equity.

• Paid time off
• Free onsite gym at our Boston location
• Tuition reimbursement
• Low cost and excellent health insurance coverage options that start on Day 1 (medical, dental, vision)
• Robust health and wellness programs
• Auto and home insurance discounts
• Matching donation opportunities
• Annual 401(k) employer contribution
• Various Paid Family leave options including Paid Parental Leave
• Resources to promote professional development
• Convenient locations and pre-tax commuter benefits

The Plymouth Rock Company and its affiliated group of companies write and manage over $2.2 billion in personal and commercial auto and homeowner’s insurance throughout the Northeast and mid-Atlantic, where we have built an unparalleled reputation for service. We continuously invest in technology, our employees thrive in our empowering environment, and our customers are among the most loyal in the industry.

The Plymouth Rock group of companies employs more than 2,000 people and is headquartered in Boston, Massachusetts. Plymouth Rock Assurance Corporation holds an AM Best rating of “A-/Excellent.”