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Senior Actuarial Manager

AT Pie Insurance
Pie Insurance

Senior Actuarial Manager

Gunnison, CO / Remote
Pie's mission is to empower small businesses to thrive by making commercial insurance affordable and as easy as pie. We leverage technology to transform how small businesses buy and experience commercial insurance.
 
Like our small business customers, we are a diverse team of builders, dreamers, and entrepreneurs who are driven by core values and operating principles that guide every decision we make.

The Sr. Actuarial Manager is responsible for reviewing pricing and reserving models and practices of Pie Insurance in support of improving Actuarial operation performance. The Sr. Actuarial Manager is expected to fulfill their responsibilities under limited guidance throughout the processes. Additionally, they are expected to maintain professional standards, develop and maintain industry knowledge, and communicate effectively to a range of audiences.

How You’ll Do It

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  • Execute Company Strategy:
    • Ensure consistent methods and assumptions are being used across all lines of business as part of loss trends, deep dives and regularly recurring work.
    • Guide team members in developing the loss trends storylines for Workers’ Compensation and other lines of business.
    • Manage regular reporting deliverables including competitor commentary and pure premium relativity.
    • Establish relationships and collaborate with cross-functional areas to better prioritize work within the team and support the development of insurance trends.
    • Collaborates with other actuaries and business units within Pie to ensure effective execution of actuarial data driven initiatives.
  • Actuarial Analysis:
    • Develops high quality and reproducible predictive and descriptive tools for business use.
    • Closely reviews innovative models and recommends regulatory approach to innovation.
    • Monitors business portfolio KPIs such as frequency and severity trends and proactively informs senior management.
    • Collects, aggregates, and analyzes data from multiple internal and external sources.
    • Writes and maintains code to build and maintain data pipelines for production models.
    • Uses advanced actuarial techniques to discover patterns, insights, and trends in Pie data.
    • Produces sound rate level indications with advanced understanding of actuarial ratemaking methodology.
    • Works with Pie’s reinsurers and reinsurance broker to optimize Pie’s reinsurance program and creates reporting, including bordereau materials, for reinsurance partners.
    • Works with the Data team to identify and establish actuarial data requirements.
    • Completes assigned projects ensuring that they are delivered on time and within scope.
    • Provides regular status updates to senior leadership.
    • Identifies issues and recommends mitigation strategies.
    • Ensures key stakeholders are identified and regularly informed of project status.
    • Leads in the development and documentation of actuarial department processes.
  • Mentor, Develop and Grow Team Members on The Team for Future Needs and Operational Excellence:
    • Support, mentor, and coach as well as provide professional development for your team. Provide continuous feedback and opportunities for career development.
    • Identify hiring needs and be the hiring manager for recruiting high quality analysts.
    • Work through conflict management needs and team member relations needs with the help and direction from the People Team.
    • Work collaboratively with the People Partner throughout the team member lifecycle, including, but not limited to hiring, onboarding, performance management, team member relations, and offboarding.

The Right Stuff

  • Bachelor's Degree or equivalent experience with some college coursework is required.
  • ACAS certification or ability to gain certification upon hire is required. 
  • Minimum of 5-years professional actuarial experience in P&C industry is required, preferably in a commercial insurance setting.
  • Experience with workers compensation is preferred.
  • Prior experience managing a team is preferred.
  • Advanced communication (written, verbal and presentation) skills, to deliver complex information effectively and align people with the needs of the project/team.
  • Advanced problem solving skills, to be able to manage complex situations with multiple layers, and resolve to solution anticipating needs now and into the future.
  • Advanced awareness of workflow, and project tradeoffs to make decisions based on needs now and into the future.
  • Intermediate leadership skills with experience mentoring and/or managing junior staff.
  • G-Suite Tools, Collaboration tools (slack is preferred), basic office machines.
  • Expertise in SQL is required. Knowledge of Python and R is a plus.
  • Creative, resourceful, and enthusiastic about seeking innovative solutions to new problems and challenges.
  • Exposure to actuarial models and ability to assess results. Ability to apply mathematical concepts, traditional actuarial models of frequency and severity, standard statistical methods, modeling and simulation techniques, trend, indexing, cash flow and financial analysis.
  • Ability to grasp analytic concepts and learn new tools and logic within established processes.
Base Compensation Range
$145,000$180,000 USD

Compensation & Benefits 

  • Competitive cash compensation
  • A piece of the pie (in the form of equity)
  • Comprehensive health plans
  • Generous PTO
  • Future focused 401k match
  • Generous parental and caregiver leave
  • Our core values are more than just a poster on the wall; they’re tangibly reflected in our work 

Our goal is to make all aspects of working with us as easy as pie. That includes our offer process. When we’ve identified a talented individual who we’d like to be a Pie-oneer , we work hard to present an equitable and fair offer. We look at the candidate’s knowledge, skills, and experience, along with their compensation expectations and align that with our company equity processes to determine our offer ranges. 

Each year Pie reviews company performance and may grant discretionary bonuses to eligible team members.

Location Information 

Unless otherwise specified, this role has the option to be hybrid or remote. Hybrid work locations provide team members with the flexibility of working partially from our Denver office and from home. Remote team members must live and work in the United States* (*territories excluded), and have access to reliable, high-speed internet.

Additional Information

Pie Insurance is an equal opportunity employer. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, marital status, age, disability, national or ethnic origin, military service status, citizenship, or other protected characteristic.

Pie Insurance participates in the E-Verify program. Please click here, here and here for more information.

Pie Insurance is committed to protecting your personal data. Please review our Privacy Policy.  

Safety First: Pie Insurance is committed to your security during the recruitment process. We will never ask you for credit card information or ask you to purchase any equipment during our interview or onboarding process.

Pie Insurance Announces $315 Million Series D Round of Funding

Built In honors Pie in its 2024 Best Places to Work Awards

Client-provided location(s): United States
Job ID: 5383595004
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • HSA With Employer Contribution
    • On-Site Gym
    • Pet Insurance
    • Mental Health Benefits
  • Work Flexibility

    • Remote Work Opportunities
    • Hybrid Work Opportunities
    • Work-From-Home Stipend
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • Snacks
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Volunteer Time Off
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Company Equity
    • Performance Bonus
  • Professional Development

    • Promote From Within
    • Shadowing Opportunities
    • Access to Online Courses
    • Lunch and Learns
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)
    • Founder led

Company Videos

Hear directly from employees about what it is like to work at Pie Insurance.