Arbol

USA

Posted on: 25 June 2024

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Actuarial Analyst I & II (Senior)

Arbol is a global climate risk coverage platform and FinTech company offering full-service solutions for any business looking to analyze and mitigate exposure to climate risk. Arbol’s products offer parametric coverage which pays out based on objective data triggers rather than subjective assessment of loss. Arbol’s key differentiator versus traditional InsurTech or climate analytics platforms is the complete ecosystem it has built to address climate risk. This ecosystem includes a massive climate data infrastructure, scalable product development, automated, instant pricing using an artificial intelligence underwriter, blockchain-powered operational efficiencies, and non-traditional risk capacity bringing capital from non-insurance sources. By combining all these factors, Arbol brings scale, transparency, and efficiency to parametric coverage.

Lilypad is seeking an Actuarial Analyst and Senior Actuarial Analyst to join our Risk team. Our Actuarial Analysts are responsible for supporting and enhancing both the rate review process and the loss reserving process. Analysts will derive and recommend changes to current pricing to achieve target profitability. Analysts will make ultimate loss ratio selections. The Risk team supports the organization in managing and analyzing data for improved transparency of results and identifies indicators of trends. This team assists in creating predictive analytic efforts to assist the company with analyses of data to help direct business decisions.

What You'll Be Doing

Retrieve, comprehend and manipulate data as it relates to assigned and related projects.

Verify data quality, data validity, and data completeness and recommend improvements to reduce uncertainty.

Provide support to actuaries and others by performing analysis within designated business segment(s).

Provide technical assistance and information to other business segments to assist business decision making, financial planning, and strategy development.

Assist in the preparation of actuarial research and complex reports; present findings and exhibits to peers and others.

Analyze and create efficient methods of creating financial exhibits.

Recognize potential issues/risks and perform research to determine estimated impact.

Identify and propose alternative analytic approaches.

Provide clear and concise communication of technical actuarial work to technical and non-technical audiences.

Conduct independent analysis to draw conclusions for assigned projects and make recommendations.

Maintain clear and concise documentation of methods and activities.

Performs other actuarial duties as assigned.

What You'll Need

Analyst I

1-2 years of demonstrated success in an actuarial role or internship at a personal lines insurance company

Analyst II

2-4 years of demonstrated success in an actuarial role at a personal lines insurance company

Bachelor’s Degree required – preferably in related field of study as actuarial science, math/applied math, statistics/applied statistics, or economics.

Advanced knowledge of data sources, tools, statistical principles and methodologies, and techniques and applications to conduct research.

Excellent proficiency in Excel (VBA, macros, scripts, formulas, data visualization, etc.), Access, Python, and R.

Ability to analyze data and review moderately complex analyses from others.

Must have strong planning, analytical, decision-making and communication skills.

Solid understanding of business to improve business outcomes.

Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing.

Ability to develop partnerships and collaborate with other business and functional areas.

What's Great to Have

Experience working with state insurance departments

Experience working with admitted markets insurance, specifically in coastal states

Candidates for this role must be located in the United States.

Interested, but you don’t meet every qualification?

Please apply! Arbol values the perspectives and experience of candidates with non-traditional backgrounds and we encourage you to apply even if you do not meet every requirement.

Accessibility

Arbol is committed to accessibility and inclusivity in the hiring process. As part of this commitment, we strive to provide reasonable accommodations for persons with disabilities to enable them to access the hiring process. If you require an accommodation to apply or interview, please contact hr@arbol.io.

Benefits

Lilypad is proud to offer its full-time employees competitive compensation and benefits in a high-growth startup. Our health benefits include comprehensive health, dental, and vision coverage to support your health. We offer PTO for you to relax and recharge.