Full-Time

Senior Actuarial Manager

Updated on 12/4/2024

Pie Insurance

Pie Insurance

201-500 employees

Provides workers' compensation insurance for small businesses

Fintech
Financial Services

Compensation Overview

$145k - $180kAnnually

+ Discretionary Bonuses

Senior

Denver, CO, USA + 1 more

More locations: United States

Hybrid work option available in Denver; remote candidates must live in the United States.

Category
Insurance
Finance & Banking
Required Skills
Python
R
SQL
Financial analysis
Data Analysis
Requirements
  • 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.
Responsibilities
  • 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.
  • 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.
  • 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.

Pie Insurance offers workers' compensation insurance tailored for small businesses, providing wage replacement and medical benefits for injured employees. The company uses data-driven technology to deliver quick insurance quotes in just three minutes, making the process simple for busy business owners. Operating in 38 states and Washington, D.C., Pie Insurance aims to save customers up to 30% on their policies while ensuring quality coverage. Its competitive edge lies in its streamlined, technology-focused approach, which differentiates it from traditional insurance providers.

Company Stage

Series D

Total Funding

$603.4M

Headquarters

Washington, District of Columbia

Founded

2017

Growth & Insights
Headcount

6 month growth

-5%

1 year growth

-5%

2 year growth

-11%
Simplify Jobs

Simplify's Take

What believers are saying

  • Integration with Ivans Download could streamline data exchange and improve efficiency.
  • Appointment of Audra Foglietta as CFO could drive financial performance and efficiencies.
  • Partnership with Endeavor Insurance Group could expand market reach and distribution channels.

What critics are saying

  • Increased competition from insurtech companies like Next Insurance and Lemonade.
  • Recent layoffs of 14% of workforce may indicate financial instability.

What makes Pie Insurance unique

  • Pie Insurance offers A.M. A-rated insurance with a simple online experience.
  • The company uses data analytics to accurately assess risks and price policies.
  • Pie Insurance provides quick insurance quotes, taking just three minutes for small businesses.

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Benefits

Competitive cash compensation

Equity

Comprehensive health plans

Generous PTO, including paid sick leave

Future focused 401k match

Generous parental & caregiver leave