Associate Actuary [Remote-US]
To help keep everyone safe, we encourage all applicants to pay close attention to protect themselves during their job search. When applying for a position online you are at risk of being targeted by malicious actors looking for personal data. Please be aware we will only reach out via email using the domain quanata.com. Anything that does not match those domains should be ignored and considered a security risk.About Us Quanata is on a mission to help ensure a better world through context-based insurance solutions. We are an exceptional, customer centered team with a passion for creating innovative technologies, digital products, and brands. We blend some of the best Silicon Valley talent and cutting-edge thinking with the long-term backing of leading insurer, State Farm. Learn more about us and our work at quanata.com Our Team From data scientists and actuaries to engineers, designers and marketers, we’re a world class team of tech-minded professionals from some of the best companies in Silicon Valley, and around the world. We’ve come together to create the context-based insurance solutions and experiences of the future. We know that the key to our success isn't just about nailing the technology—it’s hiring the talented people who will help us continue to make a quantifiable impact.The Role We’re looking for an accomplished and well-rounded Associate Actuary to revolutionize actuarial and risk solutions using Python, R, SQL or other cloud technology and advanced analytics tools. Your day-to-day
- Analyze ratemaking, competitive analysis and customer data using actuarial and data analytics solutions to provide rating insights and make recommendations on rates.
- Review filing requirements and prepare filings for regulatory authorities; this includes actuarial memo, rate indication, and modeling related supporting exhibits.
- Leverage GLM expertise to collaborate and provide input and feedback to our Data Scientists and review model results
- Leverage Python programming language or other advanced analytics tools to automate and improve pricing, reserving and risk management solutions.
- Develop and maintain actuarial, risk and forecasting tools using relevant actuarial, statistical and data science methodologies.
- Communicate with both internal and external stakeholders to share results of actuarial and risk analysis, and provide reserving, pricing, and other actuarial services to support our parent company.
- Collaborate with cross-functional teams to curate and support delivery of actuarial products and services, ensuring exceptional performance and identifying opportunities for growth and product expansion.
- Contribute to the ideation and development of new product feature offerings, with the potential for direct involvement and ownership of analysis, technical design, and output.
About You
- BS/BA in Math, Statistics, Economics, Actuarial Science or similar or equivalent relevant experience
- 3 - 5 years of hands-on experience in P&C ratemaking, with a strong track record of automating actuarial solutions
- Programming proficiency in at least one of: Python (Pandas, NumPy, and Scikit-learn) or R (dplyr, ggplot2, caret)
- Solid understanding of statistical techniques including GLM, with the ability to build models and interpret results
- Passed a minimum of 4 actuarial exams
- Strong knowledge of insurance fundamentals, including pricing methodologies, reserving techniques, and regulatory requirements
- Proficient SQL and modern data warehouses (Snowflake preferred).
- Experience using data visualization tools (Matplotlib, Seaborn,Tableau, or similar)
- Excellent communication for cross-functional collaboration
- Entrepreneurial mindset with a passion for innovation and driving new product development
Bonus Points
- Multi-language programming experience (Python + R + SQL) with cloud platform knowledge (AWS, Azure or similar)
- Experience building models using GLMs or other machine learning techniques
- Understanding of telematics data and usage based insurance model development
- Non-traditional actuarial experience (ridesharing, InsurTech) or full product lifecycle experience from concept to market launch
Salary: $156,000 to $190,000* • Please note that the final salary offered will be determined based on the selected candidate's skills, and experience, as well as the internal salary structure at Quanata. Our aim is to offer a competitive and equitable compensation package that reflects the candidate's expertise and contributions to our organization. Additional Details:
- Benefits: We provide a wide variety of health, wellness and other benefits.These include medical, dental, vision, life insurance an