Manager Actuarial Pricing

Title: Manager, Actuarial Pricing 

Location: Oakland, Palo Alto, Austin, New Jersey; Remote Optional 

Reporting to: Sr. Manager, Pricing

About Hippo:

Hippo is a high-growth company challenging the home insurance industry with a customer-centric digital-native approach, innovative technologies such as drone imaging or smart-home devices, and sophisticated data models.

The actuarial department is foundational to this effort and is combining actuarial principles with new technology and increased data availability to revolutionize traditional insurance models.

About the Role: 

Play a central role in scaling our suite of actuarial pricing and product analytics for a small but rapidly growing and diversifying book, with unique challenges and opportunities to apply actuarial fundamentals in creative ways

About You:

You are creative, self-motivated, and eager to build innovative pricing solutions in a fast-paced startup environment with an abundance of accessible data and growth opportunities, collaborating alongside the top minds in tech and insurance. 

You are a high performing actuary with broad business experience applying an actuarial lens to achieve innovative solutions.

You are part actuary, part data scientist, and small part engineer; you like to automate and build sustainable, replicable processes to share your work broadly.

You are comfortable with uncertainty and rapid change, and you thrive working in contexts with both abundant and limited data availability, prepared to take a view even when the perfect answer is not yet available.

What You’ll Do:

• Manage the actuarial pricing team’s stake in highly technical projects by speaking the same language as engineers & product delivery teams to ensure technical integrity of rate and model deployment

• Lead the strategy, analysis, and execution of a subset of regional or state-level rate changes and new program launches from end-to-end including the pricing indication, model design and factor selection, rate simulation, stakeholder buy-in, rate filing, objection responses, deployment, and monitoring

• Provide support, from a technical and actuarial business perspective, for loss cost model selection, scoring, calibration, and reporting

• Build new tools and proofs of concepts for pricing team spanning various aspects of the product development and implementation lifecycle

• Design and run rapid experimentation pilots for new initiatives

• Integrate demand and lifetime value economics into our ratemaking and product tool kit

• Develop proactive relationships with underwriting, finance, sales, marketing, growth, smart home, tech product, and leadership to translate insurance product analytics into visible and actionable work

• Stand up and champion regional product & pricing committees as the analytics anchor supporting Underwriting & Product Management in influencing business strategy around profit and growth levers. This will be for existing states and products as well as new state and product launches

Must Haves:

• Roughly 7 years of experience in Homeowners or related P&C insurance role

• Actuarial credentials: FCAS, ACAS pursuing full credentials, or career-ACAS

• Deep knowledge of actuarial and insurance concepts such as loss cost trends, rate indications, loss cost modeling, reserving and other key metrics.

• Strong professional coding experience using SQL and Python for data wrangling

• Experience working with P&C actuarial pricing predictive models

• Familiarity with data engineering, database architecture, and data tools including data visualization development and best practices

• Demonstrated project and/or people management and ability to deliver under tight timelines

• Ability to roll up your sleeves and get into the nuts and bolts of an analysis as well as delegate to and manage a cross-functional team

Nice to Haves: 

• Actuarial Credentials: FCAS

• Specific Homeowners pricing and modeling experience

• Very strong skills using Python to wrangle, analyze, and visualize data including partial, unstructured data; comfort reading and writing Python programs with user defined class structures

• Experience in all aspects of building and deploying predictive models in pricing or underwriting contexts, from data design through business-driven deployment strategy

• Experience with git or version control tools

• Experience working in a scrum project management framework

• Current on industry conversations on model and pricing transparency/ethics

Benefits and Perks:

Hippo treats its team members with the same level of dedication and care as we do our customers, which is why we’re fortunate to provide all of our Hippos with:

• Healthy Hippos Benefits - 100% Employer paid medical, dental & vision plan options for our team members AND their families (yes, you read that correctly). As well as 401(k), long & short-term disability, employer-paid life insurance, flexible spending accounts for health and dependent care, and an Employee Assistance Program (EAP)

• Training and Career Growth - Paid training opportunities and countless internal career growth opportunities

• Award-Winning Culture - Recognized by BuiltIn and Inc. Magazine as a top place to work - we value integrity, inclusiveness, empathy, and being proactive and dedicated

• Flexible Time Off - You know when and how you should recharge

• Little Hippos Program - We offer 12 weeks of parental leave for primary and secondary caregivers

• Hippo Habitat - Downtown Austin, a 5-minute walk from the train station.  Fully stocked kitchen and weekly catered lunches.

Hippo is an equal opportunity employer, and we are committed to building a team culture that celebrates diversity and inclusion.

Hippo’s applicants are considered solely based on their qualifications, without regard to an applicant’s disability or need for accommodation. Any Hippo applicant who requires reasonable accommodations during the application process should contact the Hippo’s People Team to make the need for an accommodation known.

All Hippo employees who are required to report to a Hippo office or voluntarily enter a Hippo office must be fully vaccinated against COVID-19, unless a reasonable accommodation is approved. Employees in Office Based and Hybrid roles are required to report to a Hippo office. Fully vaccinated is defined as 2 weeks after receiving the second dose of a 2 dose vaccine and two weeks after receiving a single dose vaccine. Please acknowledge you have read and understand this requirement.

Salary and compensation

No salary data published by company so we estimated salary based on similar jobs related to Git and Python jobs that are similar:

$75,000 — $117,500/year

Location

Remote