Sr. Associate, Pricing Actuary

Hippo Insurance

Hippo Insurance

Accounting & Finance
Remote · United States
Posted on Wednesday, March 29, 2023

Role: Sr. Associate, Pricing Actuary

Location: Remote, US

Reports To: Sr. Manager, Actuarial

About Hippo:

Our mission is to deliver intuitive and proactive protection for homeowners, combining the power of technology with a human touch.

Hippo built the world’s first home protection platform. We believe that insurance should protect your home and the things you treasure with policies designed for modern lives and proactive protection that helps you care for your home. Our aim is to help you avoid issues before they become costly problems because the best claims experience is the one you don’t have. Simply put, Hippo exists to protect the joy of homeownership.

About the Role:

Play a central role in scaling our suite of actuarial pricing and product analytics for a growing book with opportunities to apply actuarial fundamentals in innovative ways.Our small but effective pricing team has visibility throughout the organization, and you will have direct exposure to senior leaders and executives.

About You:

You are creative, collaborative, self-motivated, and eager to innovate pricing solutions in a fast-paced startup environment with an abundance of growth opportunities and accessible self-service data. You are comfortable with uncertainty and 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:

  • 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.
  • Champion regional product & pricing committees as the analytics anchors 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.
  • Provide support, from a technical and actuarial business perspective, for loss cost model selection, scoring, calibration, and reporting.
  • Manage the actuarial pricing team’s stake in technical rate delivery and monitoring by speaking the same language as engineers and product delivery teams to ensure technical integrity of rate and model deployment, while improving our proprietary internal tools for developing rate proposals and portfolio scenarios.
  • Build new tools and proofs of concepts for the pricing team spanning various aspects of the product development and implementation lifecycle.
  • Integrate demand (retention, conversion) 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.

Must Haves:

  • Roughly 3-7 years of actuarial pricing experience in Homeowners or related P&C insurance lines
  • Actuarial credentials: ACAS or near-ACAS
  • Strong knowledge of actuarial and insurance concepts such as loss cost trends, rate indications, loss cost modeling, reserving, and other key metrics
  • Professional coding experience using SQL and Python for data wrangling
  • Experience working with actuarial predictive models
  • Strong business acumen and ability to connect analysis and results directly to business impact
  • Excellent communication and project management skills, allowing effective interaction with colleagues at all levels across the organization

Nice to Haves:

  • Actuarial Credentials: ACAS+
  • Homeowners specific pricing experience with predictive modeling and catastrophe modeling
  • Comfort reading and writing Python packages and working with user defined class structures
  • Experience with git or version control tools
  • Current on industry trends in the Homeowners insurance market 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 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.