Actuarial Analyst

Posted 22 Days Ago
Be an Early Applicant
Location, WV, USA
In-Office
Junior
Insurance
The Role
Perform actuarial analyses, valuations, pricing and rate filings for pet insurance products; maintain models and reports, research filings, respond to rate objections, and communicate results to stakeholders.
Summary Generated by Built In

Established in 2021, Independence Pet Holdings is a corporate holding company that manages a diverse and broad portfolio of modern pet health brands and services, including insurance, pet education, lost recovery services, and more throughout North America.

 

We believe pet insurance is more than a financial product and build solutions to simplify the pet parenting journey and help improve the well-being of pets. As a leading authority in the pet category, we operate with a full stack of resources, capital, and services to support pet parents. Our multi-brand and omni-channel approach include our own insurance carrier, insurance brands and partner brands. 

Pets Best is hiring for an Actuarial Analyst

About Us

Doubtless is one of the world's leading pet insurance and pet health organizations, bringing together the former Independence Pet Holdings and Pinnacle Pet Group into a unified global enterprise.

With more than 4,000 employees, Doubtless protects over 6 million pets across 10 markets throughout North America, Europe, and the United Kingdom. Through a portfolio of trusted pet insurance brands and innovative pet care solutions, we help pet parents protect and care for their pets throughout every stage of life.

At Pets Best, part of the Doubtless family of companies, our mission is to help pet parents provide the best care for their pets by making quality veterinary care more accessible and affordable. Since 2005, we've been a trusted leader in pet health insurance, offering innovative insurance and wellness solutions that provide peace of mind when it matters most.

As part of a growing organization dedicated to improving the lives of pets and the people who love them, we foster a collaborative, data-driven culture where employees are empowered to make a meaningful impact. If you're passionate about analytics, problem-solving, and contributing to products that help families care for their pets, we'd love to hear from you.

Actuarial Analyst

The Actuarial Analyst will analyze and evaluate the likelihood of future events to reduce and manage future financial risks.  The Actuarial Analyst will contribute to product pricing and rate filings for our pet insurance products. They will also provide analysis and innovative solutions, communicating results to help guide decision making.

Main Responsibilities:

  • Completes and interprets actuarial analysis, valuations, cost estimates, and modeling using mathematics, statistical programming, and financial theory.

  • Prepare rate filings, pricing analysis, and experience reports for review.

  • Assists with the completion of rate filing documents for all states.

  • Research rate filings, as needed.

  • Maintains and updates existing models, tools, and other files used for analysis.

  • Completes ad hoc reporting, as necessary.

  • Possess and applies broad knowledge of actuarial principles, practices, and procedures to the completion of difficult assignments.

  • Interprets rate objections and prepare responses and rating support.

  • Interpret rate regulations and apply them appropriately to rating development and support.

  • Performs other duties and responsibilities as assigned.

 Qualifications:

  • Bachelor’s Degree in Math, Finance, Actuarial Science, Economics or related field or equivalent work experience

  • 2 years’ relevant experience

  • Proven ability to pass actuarial exams.

  • Proficiency with Microsoft Excel; experience with SQL, R, or Python is a plus.

  • Ability to effectively communicate complex ideas, product details and analysis to both technical and non-technical internal audiences, as well as management.

  • Proven ability to manage multiple tasks and adapt to a fast-paced, evolving environment.

#petsbest

All of our jobs come with great benefits including healthcare, parental leave and opportunities for career advancements. Some offerings are dependent upon the location of where you work and can include the following:

  • Comprehensive full medical, dental and vision Insurance

  • Basic Life Insurance at no cost to the employee

  • Company paid short-term and long-term disability

  • 12 weeks of 100% paid Parental Leave

  • Health Savings Account (HSA)

  • Flexible Spending Accounts (FSA)

  • Retirement savings plan

  • Personal Paid Time Off

  • Paid holidays and company-wide Wellness Day off

  • Paid time off to volunteer at nonprofit organizations

  • Pet friendly office environment

  • Commuter Benefits

  • Group Pet Insurance

  • On the job training and skills development

  • Employee Assistance Program (EAP)

Interview Technology Notice:

Please note that phone and video interviews or screenings may be recorded and transcribed using interview technology to support our recruitment process.

By continuing with the interview, you consent to this use.

Text Messaging Notice:

If you provide a mobile phone number, you may receive job-related communications via text message. Message and data rates may apply.

You may opt out of text communications at any time by replying “STOP.”

Skills Required

  • Bachelor's degree in Math, Finance, Actuarial Science, Economics or related field or equivalent work experience
  • 2 years' relevant experience
  • Proven ability to pass actuarial exams
  • Proficiency with Microsoft Excel
  • Experience with SQL, R, or Python
  • Ability to effectively communicate complex ideas to technical and non-technical audiences
  • Proven ability to manage multiple tasks and adapt to a fast-paced, evolving environment

Independence Pet Holdings Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Independence Pet Holdings and has not been reviewed or approved by Independence Pet Holdings.

  • Healthcare Strength Comprehensive medical, dental, and vision coverage is described alongside company-paid life insurance and disability coverage. HSA/FSA options and an Employee Assistance Program add additional health and protection support.
  • Parental & Family Support Twelve weeks of 100% paid parental leave is explicitly offered. This level of fully paid leave is positioned as a meaningful family-support benefit.
  • Leave & Time Off Breadth Personal paid time off is paired with 10 holidays and a company-wide Wellness Day. Paid time off to volunteer also expands time-off options beyond standard PTO.

Independence Pet Holdings Insights

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The Company
Chicago,, IL
13 Employees
Year Founded: 2021

What We Do

Established in 2021, Independence Pet Holdings is a corporate holding company that manages a diverse and broad portfolio of modern pet health brands and services across insurance, pet education, lost recovery services, and beyond across North America. As a leading authority in the industry, we operate with a full stack of resources, capital, and services that support a multi-brand and omni-channel approach. We operate our own insurance carrier and partner successfully with other carriers, as needed. We believe that pet insurance is more than a financial product and build solutions to simplify the pet parenting journey and help improve the well-being of pets

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