CURRENT ROOT EMPLOYEES - Please apply using the career page in Workday. This career site is for external applicants only.
The Opportunity
We are looking for a Senior Actuarial Analyst to join our Corporate Actuarial team, taking on new research initiatives as well as various reserving and reinsurance analyses. The Corporate Senior Actuarial Analyst leverages statistical modeling, both traditional and innovative reserving methodologies and creative problem solving to understand company performance metrics and assist in financial reporting. In addition, this role will work directly with our reinsurance team to gather and analyze data that informs reinsurance treaty performance and contributes valuable insights to Root’s reinsurance strategy as we continue to grow as a company.
Root is a “work where it works best” company, meaning you can choose to work remotely, in a hybrid capacity, or from our headquarters in Columbus, OH - whatever setup helps you thrive. At Root, we support continuous learning and career growth through exam support, mentorship opportunities, and exposure to cross-functional initiatives across actuarial, claims, data science, and accounting/finance teams.
Salary Range: $85,000 - $104,000 (Bonus and LTI Eligible)
How You Will Make an Impact
- Execute reinsurance initiatives, including but not limited to, aggregation of internal data for treaty renewal submissions, analysis of treaty performance and reinsurance market trends, and further the automation of net of reinsurance calculations for financial reporting
- Support month-end reserving processes
- Collaborate with stakeholders in Claims, Pricing, and State Management to understand the impact of internal and external factors on reserves, loss development patterns, and trends.
- Leverage statistical and projection models to further develop Root’s reserve methodology
- Research loss performance of Root’s book of business at a more granular, detailed level
- Evaluate and analyze market data to make competitive strategic decisions
- Contribute to additional strategic initiatives as needed
What You Will Need to Succeed
- 3+ years of actuarial experience in the P&C insurance industry, preferably with a focus on personal auto insurance
- Intermediate experience with R, Tableau
- Demonstrable experience in SQL
- 3+ CAS/SOA exams
- Reserving and/or reinsurance experience a plus
- Demonstrable experience in data analysis, financial reporting and/or predictive modeling
- A strong foundation in statistical analysis, ideally with exposure to non-traditional or machine learning-driven reserving models
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.
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 usAt 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 areWe’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 RootOur 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.
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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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