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Actuarial Analyst

Sproutr is looking for a 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.

 

If the “start-up” culture is (or was) appealing to you but you prefer a less frenzied environment,
Sproutr offers the best of both cultures. 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.

 

We are looking for a self-described and motivated insurance nerd who has proven, technical
insurance skills wanting to tilt their practical underwriting experience towards the next
generation of underwriting in the Insurance/Insurtech space.


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.


WHAT YOU’LL DO:

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  • 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

YOUR TRAITS:

  • 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 are able to translate sometimes complex ideas into objective and executable documents, spreadsheets, and operational instructions

  • Your experience has come from doing, not just watching others

  • You don’t need prompting to collaborate with internal colleagues and clients

  • You are interested in learning and understanding how multi-disciplinary insurance practices work together include rating, product development, portfolio management and sales

  • You are resourceful and can develop solutions creatively

  • You are patient, emotionally intelligent, and flexible when life happens around you

  • You work efficiently, being mindful about how much time you spend on working your deliverables

QUALIFICATIONS - YOU ARE AN EXPERT AT SEVERAL OF THESE

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  • 3-5+ years of actuarial experience

  • 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

  • Open to candidates that are not pursuing an exam track


ABOUT SPROUTR


Sproutr 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 derisk 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 

 

The compensation plan rewards talented individuals through competitive base pay, rewarding
those demonstrating exceptional performance with additional incentive, and/or merit-based pay.


Sproutr values work-life balance with a 100% remote 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.

BENEFITS

Some of our benefits include:

  • Medical, vision and dental

  • 401k - guaranteed employer contribution of 3%

  • Short-term disability insurance - employer paid

  • Competitive educational assistance package for actuarial exams and time off to study

  • Flexible PTO policy

To Apply please  email us.

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