Senior Actuarial Analyst
Remote (USA)

About the Role:
Sproutr LLC is looking for a Senior Actuarial Analyst to support new product innovation and growth.
Sproutr is a new, first of its kind underwriting and product building firm who exists to accelerate and support insurance-focused companies and Insurtechs in need of “builder” skills. We are subject-matter experts in our respective disciplines and look to use that experience in a more integrated, holistic manner.
At Sproutr, we bring our deep industry expertise to support start-up, early venture, and growth-stage insurance-focused organizations during their build-out phase. We ARE who founders call to create the insurance assets needed to design, incubate, and accelerate their teams’ vision. Above all, we are the insurance practitioners the industry trusts to deliver innovative approaches to products and ideas.
You will be a part of building across different projects at various stages of our clients’ evolution without the pressure of start-up flash. We are insurance veterans who LOVE insurance; looking to clear the path for insurance entrepreneurs.
As we pursue these goals, it remains essential to us that we show-up for our clients and each other in accordance to our values which are: be generous with knowledge, lead from the front, lean with “yes”, and see beyond. At Sproutr, you will be joining a team of professional, supportive industry experts with diverse backgrounds and a shared passion to deliver on our mission to redefine the standards in insurance program design and simplify the process of bringing regulated products to market.
The ideal candidate is someone who genuinely wants to advance the insurance industry by applying their experience in new ways. You will be joining a company designed to launch new insurance products/programs.
This role reports to the Product Development Practice Leader.
What you’ll do:
● Work alongside the Product Development and Underwriting teams to provide pricing expertise in support of a holistic insurance product approach that unifies rates, rules, product, underwriting guidelines, and third-party data
● Prepare pricing proposals and develop support for state rate filings, as well as respond to inquiries from state examiners
● Perform required industry research, product discovery, and continual learning to support clients’ program/product lines
● Build tools to help clients implement their rate plans accurately and compliantly as well as build test cases to confirm client policy administration systems develop premium accurately
● Build exhibits that concisely compare the rate landscape for a particular class or line of business for a client
● Create, organize, and maintain rate manuals for a variety of lines of coverage
● Work with cross-functional team members to put the pieces together, such as underwriting, product development, data modeling, sales, coverage counsel, operational and technical product management / engineering
What you bring to Sproutr:
● You know the difference between a short-cut and short-term solution
● You conduct yourself ethically, always
● You possess the ability to filter out the noise to avoid “analysis paralysis”; you can focus on what matters and move forward
● You have a high standard of what “good” looks like; the deliverable represents you and the company
● You are highly detail-oriented and organized
● You understand how to deploy the insurance tools available to influence profitability – you bring your learnings for others to benefit
● You have experience with multiple lines of business
● Your experience has come from doing, not just watching others
● You don’t need prompting to collaborate with internal colleagues and clients
● You are resourceful and can develop solutions creatively
● You are patient, emotionally intelligent, and flexible when life happens around you
Qualifications:
● 3-5 years of actuarial experience, with several actuarial exams completed
● Experience working in or supporting MGA/MGU and/or with a Property & Casualty (P&C) carrier, insurance consultancy practice or Insurtech
● Comprehensive understanding of multiple lines of business within Commercial Property, Casualty or Specialty Lines
● Experience pricing both bureau and non-bureau based rate plans
● Able to creatively build unique rate plans, with a knack for clearly communicating with state regulators to gain approval
● Demonstrated ability to communicate technical concepts to non-technical audiences
● A clear understanding of how various elements interconnect within the insurance industry and the ability to apply this knowledge operationally
● Technical skills: Proficiency in Microsoft Office Suite, with strong expertise in Excel; statistical programming experience a plus (R, Python, SAS, SQL)
About Sproutr:
Sproutr LLC exists to help founders, distributors, carriers, venture capital firms realize new insurance opportunities by delivering the tangible insurance assets needed to deliver products and programs thru experienced insurance practitioners with “doer/builder” skills to de-risk incremental innovation.
The founder has successfully led insurance business units and underwriting and product teams for Fortune 500 insurance Companies as well as holding executive positions within unicorn Insurtechs.
Compensation:
This position will be eligible for company benefits in accordance with Company policy. We offer a competitive total rewards package including medical, dental and vision, disability coverage along with a broad range of supplemental benefits including 401k Retirement Plan, and more. This information is intended to be a general overview and may be modified by the Company due to business-related factors.
Sproutr values work-life balance with a remote-first work environment, flexible work hours and generous time off.
Applicants must be authorized to work in the US as we are unable to sponsor.
Sproutr is an equal opportunity organization.