CURRENT ROOT EMPLOYEES - Please apply using the career page in Workday. This career site is for external applicants only.
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.
Salary Range: $65,800 - $82,200
How You Will Make an Impact
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Prepare rate filings and engineering implementations.
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Execute pricing initiatives including initial state roll-out and rate changes for auto and renters products.
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Evaluate and analyze data, including quarterly indications, to develop recommendations for pricing improvements and strategic goals.
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Support filing objections with thorough, accurate, and effective analysis and communication
What You Will Need to Succeed
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2-3 actuarial exams
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Proficiency in excel
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Demonstrable ownership mentality, taking initiative to find, prioritize, and be accountable for the highest impact work
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Commitment to analytical rigor and problem solving skills
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Exceptional communicator
Preferred but not required
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1+ years auto/home pricing experience
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Experience with R or Python
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Experience with databases and SQL
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Experience communicating with state regulators
Don’t meet every single requirement?
Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Root, Inc., we are dedicated to building a diverse and inclusive workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway!
Join us
At Root, we judge people based on the merit of their work, not who they are. If you are passionate about what this role entails and solving real problems, we encourage you to apply. We want to learn about you and what you can add to our team.
Who we are
We’re harnessing the power of technology to revolutionize insurance. Using machine learning and mobile telematic platforms, we’ve built one of the most innovative FinTech companies in the world. And we’re just getting started.
What draws people to Root
Our success is in large part due to our unwavering standards in hiring. We recognize that our products are only as good as the people building and promoting them. We want individuals who find solutions by going through the cycle of ideation to implementation with curiosity, rigor, and an analytical lens. Ask anyone who works here and you’ll hear similar reasons for why they joined:
Autonomy—for assertive self-starters, the opportunities to contribute are limitless.
Impact—by challenging the way it’s always been done, we solve problems that have a big impact on our business.
Collaboration—we encourage rich discussion and civil debate at every turn.
People—we are inspired by the collection of crazy-smart people around us.
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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