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Full-Time

Data Science Actuary

Posted on 8/21/2024

Counterpart

Counterpart

51-200 employees

Risk management solutions for businesses and professionals

Fintech
Financial Services

Mid, Senior

Remote in USA

Category
Data Science
Insurance
Finance & Banking
Data & Analytics
Required Skills
Python
Communications
Data Science
AWS
Snowflake
Excel/Numbers/Sheets
Requirements
  • Minimum of 3 years of total work experience
  • Bachelor/Master in quantitative discipline (computer science, actuarial science, mathematics, statistics, economics, physics, engineering or related field).
  • Experience and interest with data scientist techniques (e.g. Machine Learning)
  • Ability to balance competing priorities and focus on key initiatives, by estimating timelines and keeping team/documentation updated with status of projects
  • Experience and excitement using modern cloud computing and cloud databases (i.e. AWS, Snowflake etc.)
  • 2+ years experience with Python.
  • Communications skills for translating technical or statistical analysis results into business recommendations.
  • Bias to practical action and creativity using data (we value past or present projects that support this).
Responsibilities
  • Build and maintain new efficient/expansive rating systems and related models in Excel and in Python
  • Build and maintain risk/simulation models to help analyze and steer the business
  • Research ways to leverage industry data to enhance current rating, new/current admitted filings, and provide guidance to underwriting
  • Develop complex analyses to our underwriting, operations, business development, product performance, and user experience.
  • Assist the data science, operations, and insurance teams with ad hoc analysis, data normalization, data cleansing and process improvement.
  • Support the integration and production of new data sources in a manner that minimizes development cycles while maximizing potential business applications.
  • Continuously challenge how we can improve our underwriting and operations.
  • Maintain a clean production environment such that the data models can be easily interpreted and built upon by other data science and engineering team members.
  • Present your work, findings, and opinions to both technical and non-technical stakeholders.

Counterpart provides risk management and insurance solutions specifically tailored for businesses and professionals, including executive practice groups and digital officers. The company utilizes a proprietary platform that simplifies the management of liability in a fast-paced business environment, making it user-friendly and effective. This platform distinguishes Counterpart from traditional insurance carriers and other startups by offering a fresh perspective on risk management. Counterpart's revenue comes from its risk management services, which are well-received by clients, leading to strong partnerships and growth. Additionally, the company is recognized for its strong underwriting and risk management capabilities, supported by a novel data infrastructure and advanced technology.

Company Stage

Series B

Total Funding

$56M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

10%

1 year growth

27%

2 year growth

100%
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Simplify's Take

What believers are saying

  • The recent $30M Series B funding led by Vy Capital and other prominent investors positions Counterpart for significant growth and market expansion.
  • Partnerships with established carriers like Aspen and Markel enhance Counterpart's credibility and market reach.
  • The launch of the Quote & Bind API simplifies the insurance process for brokers, potentially increasing client acquisition and satisfaction.

What critics are saying

  • The competitive landscape of the insurtech industry requires Counterpart to continuously innovate to maintain its edge.
  • Reliance on partnerships with carriers like Aspen and Markel could pose risks if these relationships were to deteriorate.

What makes Counterpart unique

  • Counterpart's proprietary platform offers a fresh perspective on risk management, setting it apart from traditional carriers and other startups.
  • The company's strong underwriting and risk management capabilities, combined with novel data infrastructure, enhance its reputation in the industry.
  • Counterpart's innovative use of AI and technology in management liability insurance provides a unique value proposition for small businesses.

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