Actuary Analyst I, Actuarial Pricing

Root was founded on the belief that car insurance is broken, and we set out to change it. We’re harnessing the power of technology to revolutionize this archaic, complicated industry. Using machine learning and mobile telematic platforms, we’ve built one of the most innovative insurtech companies in the world.

The opportunity

We believe that a disruptive insurance company must have a principled quantitative framework at its foundation. At Root, we are committed to the rigorous development and effective deployment of modern statistical machine learning methods to solve problems in the insurance industry.

An Actuary Analyst I within our pricing group helps to accurately and efficiently produce rate filings, state expansion filings, respond to filing objections, and develop tools to monitor all aspects of Root’s pricing and competitive position . An actuary analyst I is a key member of Root’s quantitative science department and works closely with other actuaries and data scientists. Additionally, they work cross functionally with members of State Product Management, Product, Engineering, and Insurance regulatory.

Root is a “work where it works best” company. Meaning we will support you working in whatever location that works best for you across the US. We will continue to have our headquarters in Columbus to give more flexibility and more choice about how we live and work.

Salary Range: $65,800 - $82,000

How you will make an impact

• Prepare rate filings and engineering implementations.
• Execute pricing initiatives including initial state roll-out and rate changes for auto and renters products.
• Evaluate and analyze data, including quarterly indications, to develop recommendations for pricing improvements and strategic goals.
• Support filing objections with thorough, accurate, and effective analysis and communication

What you will need to succeed

• 2-3 actuarial exams
• Proficiency in excel
• Demonstrable ownership mentality, taking initiative to find, prioritize, and be accountable for the highest impact work
• Commitment to analytical rigor and problem solving skills
• Exceptional communicator
• Preferred but not required
• • 1+ years auto/home pricing experience
  • Experience with R or Python
  • Experience with databases and SQL
  • Experience communicating with state regulators

As part of Root's interview process, we kindly ask that all candidates be on camera for virtual interviews. This helps us create a more personal and engaging experience for both you and our interviewers. Being on camera is a standard requirement for our process and part of how we assess fit and communication style, so we do require it to move forward with any applicant's candidacy. If you have any concerns, feel free to let us know once you are contacted. We’re happy to talk it through.

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