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 are seeking a technically strong, hands-on actuarial leader to join our Corporate Actuarial team. The Principal will provide significant support in capital modeling, enterprise risk management (ERM), reinsurance, and reserving activities. The ideal candidate is an ACAS or recent FCAS with strong programming skills and a collaborative mindset, who thrives in a dynamic, high-impact environment.
Salary Range: $175,000 - $200,000 (Eligible for competitive bonus and equity offering)
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, Ohio.
How You Will Make an Impact
- Develop, enhance, and use internal capital models to inform risk appetite, reinsurance decisions, and financial strategy.
- Contribute to stress testing, ORSA scenario development, and economic capital modeling efforts.
- Help implement and refine ERM frameworks, risk registers, and related processes across the organization.
- Conduct analysis to support the evaluation and placement of reinsurance structures, including but not necessarily limited to quota share, excess of loss (XOL), and catastrophe (CAT) arrangements.
- Collaborate with brokers and internal teams to assess the financial impact and capital benefits of various reinsurance options.
- Model the impact of reinsurance structures on earnings volatility, surplus preservation, and RBC.
- Partner with Corporate Actuarial teammates to conduct monthly reserving analyses and processes as needed.
- Analyze trends, variances, and reserve adequacy across multiple lines of business and coverages.
- Assist with regulatory filings and support the appointed actuary as needed.
- Work closely with, and drive engagement from, cross-functional partners in Data Science, Finance, Accounting, Underwriting, and Claims to align assumptions, methodologies, and strategic objectives.
- Present technical findings clearly and effectively to both technical and non-technical audiences.
- Contribute to process automation, analytics, and actuarial tool development (including work in R, Python, SQL, GenAI and internal platforms).
What You Will Need to Succeed
- Bachelor's degree in actuarial science, mathematics, statistics, or another field with a rigorous mathematics background preferred
- ACAS or FCAS
- 6+ years of actuarial experience in the P&C insurance space, preferably with exposure to capital modeling, ERM, reinsurance, and/or reserving.
- Proficiency in R or Python, SQL, and GenAI tools.
- Familiarity with capital modeling tools; experience with custom modeling is a plus.
- Experience collaborating across functional areas and communicating actuarial insights effectively.
- A self-starter mindset with strong analytical skills and attention to detail.
- Willingness to mentor junior team members and/or manage direct reports as needed.
- Occasional travel may be required for team meetings, broker discussions, or industry events
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.
Consistent with the Americans with Disabilities Act (ADA) and the Civil Rights Act of 1964, it is the policy of Root to provide reasonable accommodation when requested by a qualified applicant or candidate with a disability, unless such accommodation would cause an undue hardship for Root. The policy regarding requests for reasonable accommodation applies to all aspects of the hiring process. If reasonable accommodation is needed, please contact [email protected].
Skills Required
- Bachelor’s degree in actuarial science, mathematics, statistics, or another field with a rigorous mathematics background
- ACAS or FCAS designation
- 6+ years of actuarial experience in the property and casualty insurance space
- Exposure to capital modeling, enterprise risk management, reinsurance, and/or reserving
- Proficiency in R or Python, SQL, and Generative AI tools
- Familiarity with capital modeling tools
- Experience with custom modeling
- Experience collaborating across functional areas and communicating actuarial insights effectively
- Strong analytical skills and attention to detail
- Willingness to mentor junior team members and/or manage direct reports as needed
Root Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Root and has not been reviewed or approved by Root.
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Leave & Time Off Breadth — Flexible paid time off—often described as permissive or unlimited—and paid holidays are prominent parts of the package. Time off is frequently positioned as a strong element of the offering.
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Retirement Support — A 401(k) plan is offered, with a company contribution or match noted after eligibility is met. Retirement offerings are presented as a dependable component of total rewards.
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Parental & Family Support — Paid parental leave is explicitly included and promoted alongside flexible PTO. Family-oriented leave stands out as a meaningful benefit within the overall program.
Root Insights
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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