Root was founded on the belief that car insurance is broken, and we set out to change it. We’re harnessing the power of technology to revolutionize this archaic, complicated industry. Using machine learning and mobile telematic platforms, we’ve built one of the most innovative insurtech companies in the world.
The opportunity
We believe that a disruptive insurance company must have a principled quantitative framework at its foundation. At Root, we are committed to the rigorous development and effective deployment of modern statistical machine learning methods to solve problems in the insurance industry.
An Actuary Analyst I within our pricing group helps to accurately and efficiently produce rate filings, state expansion filings, respond to filing objections, and develop tools to monitor all aspects of Root’s pricing and competitive position . An actuary analyst I is a key member of Root’s quantitative science department and works closely with other actuaries and data scientists. Additionally, they work cross functionally with members of State Product Management, Product, Engineering, and Insurance regulatory.
Root is a “work where it works best” company. Meaning we will support you working in whatever location that works best for you across the US. We will continue to have our headquarters in Columbus to give more flexibility and more choice about how we live and work.
Salary Range: $65,800 - $82,000
How you will make an impact
- Prepare rate filings and engineering implementations.
- Execute pricing initiatives including initial state roll-out and rate changes for auto and renters products.
- Evaluate and analyze data, including quarterly indications, to develop recommendations for pricing improvements and strategic goals.
- Support filing objections with thorough, accurate, and effective analysis and communication
What you will need to succeed
- 2-3 actuarial exams
- Proficiency in excel
- Demonstrable ownership mentality, taking initiative to find, prioritize, and be accountable for the highest impact work
- Commitment to analytical rigor and problem solving skills
- Exceptional communicator
- Preferred but not required
- 1+ years auto/home pricing experience
- Experience with R or Python
- Experience with databases and SQL
- Experience communicating with state regulators
As part of Root's interview process, we kindly ask that all candidates be on camera for virtual interviews. This helps us create a more personal and engaging experience for both you and our interviewers. Being on camera is a standard requirement for our process and part of how we assess fit and communication style, so we do require it to move forward with any applicant's candidacy. If you have any concerns, feel free to let us know once you are contacted. We’re happy to talk it through.
Please see our Privacy Notice available HERE for more information on how we process your personal data.
Top Skills
What We Do
At Root, we’re doing things differently. We’re reimagining the services people need so that they serve them better. And we’re doing it by using data, technology, and rapid innovation to create products and experiences that are fair, easy, personal, and affordable.
We’ve partnered with Carvana in a partnership that brings an industry-leading, seamless insurance process to the online car buying experience.
The launch of Carvana Insurance Built with Root delivers an elevated customer experience made possible through a deep integration that pre-fills key customer information so that a customer can skip data entry and jump directly to evaluating quotes and customizing coverage. This fully embedded product experience—from quote to payment—happens entirely within the Carvana checkout process. Teams from both Carvana and Root have worked for months to build this bold technology platform. An early iteration involved 24 screens in the customer experience flow—that experience is now just three straightforward steps.
Why Work With Us
Our success is because of the hard work, ingenuity, and exceptional performance of our team. People come to Root because they know they can make an impact in their role, the company, and the industry. We’re passionate and curious self-starters, building a top-notch customer experience. Sound like something you’d like to be a part of?
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