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Palo Alto, California

Actuarial Analyst


Next Insurance is a well-funded post-Series B startup based in Palo Alto, California with offices in Kfar Saba, Israel and Austin, Texas. We are revolutionizing the insurance industry by providing small businesses with simple, affordable, tailored insurance coverage by optimizing innovative technology and data for a superior customer experience. We are looking for an experienced Actuarial Analyst to join our fast-growing team. You will be reporting directly to the Head Actuary and will be working cross functionally to file new products and implement changes to existing products.

Responsibilities:

Conduct benchmark pricing analyses based on competitor filings, industry data, and other 3rd party sources to set rates in support of new product launches

Determine and prepare necessary support for filing rate change on existing products

Work with Data Science team to develop and implement predictive models in pricing algorithms and filings

Conduct reserving analyses and communicate results / recommended actions to technical and non-technical audiences

Work with our Finance Team on financial projections & pro-formas to model P&L, Balance Sheet, Cash Flow, and solvency requirements as an insurance carrier

Desired Skills and Experience:

BA/BS degree from a top university

2-7 years of rate, rule, and form filing experience. Familiarity with reviewing and monitoring Bureau Circulars, i.e. NCCI, ISO, and AAIS is preferred.

Familiarity with searching SERFF and SNL for competitor rate filings

Ability to keep multiple balls in the air, and make progress on all fronts

Strong accountability value, and sense of ownership

Excellent oral and written communication skills

4+ Actuarial Exams

Excellent Microsoft Excel skills (VBA is a plus, but not required)

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