Actuary

Posted 6 Days Ago
Be an Early Applicant
Hiring Remotely in USA
Remote
145K-205K Annually
5-7 Years Experience
Fintech • Insurance
Next Insurance provides affordable and customizable policies to small business owners.
The Role
The Actuary at NEXT will be the subject matter expert in pricing the general liability product, building actuarial methodologies, partnering with product managers, building predictive models, conducting market research, and providing recommendations to senior management. ACAS certification is mandatory, FCAS preferred. 6+ years of actuarial experience in commercial insurance and product management are required. The position is full-time with a yearly salary range of $145,000—$205,000 USD.
Summary Generated by Built In

Location: Remote


NEXT’s mission is to help entrepreneurs thrive. We’re doing that by building the only technology-led, full-stack provider of small business insurance in the industry, taking on the entire value chain and transforming the customer experience. 

 

Simply put, wherever you find small businesses, you’ll find NEXT.

 

Since 2016, we’ve helped hundreds of thousands of small business customers across the United States get fast, customized and affordable coverage. We’re backed by industry leaders in insurance and tech, and we still have room to grow — that’s where you come in. 


We are inviting a visionary and entrepreneurial actuary to come and drive the management strategy for our General Liability line of business. You will be empowered to act autonomously and leverage your expertise to affect change. You’re expected to be a trusted partner to the GL insurance product managers and make sound business recommendations to leadership backed by impactful analyses. You will take a hands-on approach on the day to day and have a firm pulse on the status and trajectory of the line. You will take an active role in the decision making process at Next and in shaping the growth and profitability of the line.


What You’ll Do:

  • Be the #1 subject matter expert at Next related to the pricing of the general liability product
  • Build and enhance actuarial methodologies around loss ratio forecast, rate indications, insurance analytics, and P&L management
  • Partner with Insurance Product Managers to drive future product developments
  • Build predictive models in Akur8, perform impact analyses, and support product filings
  • Perform competitor and market research
  • Partner with data science and data engineering to enable future-proof data architecture 
  • Deliver actuarially sound recommendations to senior management
  • Provide ad hoc support to other business partners, including but not limited to reinsurance, finance, distribution, claims, and growth teams. 
  • Meet evolving business needs

 

What we Need:

  • ACAS mandatory, FCAS preferred 
  • 6+ years of actuarial experience; commercial insurance and product management experience preferred
  • Accountability and pride in own work product - instill confidence in leadership
  • Communication and collaboration - work effectively with cross functional partners
  • Gritty, self-driven personality - embrace challenges and are excited about unexplored possibilities
  • Intellectual curiosity - dig deep and solve complex business problems
  • Leadership mindset - identify business needs and drive solutions to meet them
  • Expertise with some or all of the following software: Tableau, SQL, Python, MS Office, Google Suite



The range displayed on this job posting reflects the minimum and maximum target for new hire salaries for the position across all US locations. Within the range, individual pay is determined by work location and additional factors, including, without limitation, job-related skills, experience, and relevant education or training. NEXT employees are eligible to participate in our equity incentive program and will also receive our benefits package, consisting of our partially subsidized medical plan, fully subsidized vision/dental options, life insurance, disability insurance, 401(k), flexible paid time off, parental leave and more.

US annual base salary range for this full-time position:

$145,000$205,000 USD


Don’t meet every single requirement? Studies have shown that some underrepresented people are less likely to apply to jobs unless they meet every single qualification. At NEXT, we are dedicated to building a diverse, inclusive and respectful 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 anyways. You may be just the right candidate for this or other roles.


One of our core values is 'Play as a Team'; this means making sure everyone has an equal chance to participate and make a difference. We win by playing together. Next Insurance is an equal opportunity employer and prioritizes building a diverse and inclusive workplace. We provide equal employment opportunities to all employees and applicants of any type and do not discriminate based on race, color, religion, national origin, gender, age, sexual orientation, physical or mental disability, genetic information or characteristic, gender identity and expression, veteran status, or other non-job-related characteristics or other prohibited grounds specified in applicable federal, state, and local laws. Next's policy is to comply with all applicable laws related to nondiscrimination and equal opportunity and will not tolerate discrimination or harassment based on any of these characteristics. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Top Skills

Python
SQL
The Company
HQ: Palo Alto, CA
651 Employees
Hybrid Workplace
Year Founded: 2016

What We Do

The needs of business owners have significantly changed over the past decade, the insurance industry hasn’t. When you’re running your own business, you’re placing a huge bet on yourself. Your ideas, your passion, your blood, sweat and tears define your success. Next Insurance was created to give your business the coverage it deserves. Simple, affordable and tailored. So no matter what you do, no matter how you define success, we’re right there, next to you. Behind our groundbreaking AI-based technology there are hundreds of us. Data scientists, insurance advisors, product managers, designers & more. We are passionate about helping businesses achieve their goals & are committed to serve the needs of business owners. Even our three founders started their path as small business owners so they have been there and are committed to supporting the journey of your business.

Why Work With Us

Next Insurance is looking for explorers who are filled with curiosity, have the desire to travel the unbeaten path, and realize new heights in providing small business owners with the peace of mind to run their businesses. If you move fast, customer-focused, and willing to challenge the status quo, Next Insurance might just be your next journey.

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