Senior Pricing Actuary

📋 Description

• • As a Senior Pricing Actuary at Kin Insurance, you will be instrumental in shaping and refining our actuarial pricing strategies, focusing on enhancing precision and scalability across our homeowners insurance portfolio.
• • This pivotal role is designed to ensure rate adequacy, sharpen risk segmentation, and elevate the technical rigor of our pricing analyses within a dynamic and evolving risk landscape.
• • You will operate as a highly technical individual contributor, reporting directly to the Director of Actuarial Pricing, and will be responsible for building and enhancing sophisticated pricing indications.
• • A key aspect of your role will involve integrating catastrophe (CAT) modeling outputs and reinsurance impacts into our pricing frameworks, ensuring a comprehensive view of risk and cost.
• • You will be at the forefront of modernizing our actuarial workflows by leveraging automation and exploring the practical applications of Generative AI tools to drive efficiency and deeper analytical insights.
• • Collaboration is central to this position; you will work closely with actuarial leadership, insurance product teams, and technology departments to translate complex actuarial analyses into actionable business decisions.
• • Your work will directly influence Kin's growth trajectory, profitability, and the value we deliver to our customers.
• • You will be tasked with building and deploying innovative tools, utilizing Generative AI and advanced analytics, to automate pricing workflows and significantly improve the depth of analytical insight.
• • Perform detailed statewide and segmented actuarial pricing indications for our homeowners insurance products, with a primary focus on ensuring robust rate adequacy and sound risk segmentation.
• • Develop and continuously enhance our pricing methodologies by incorporating critical factors such as loss trends, expense assumptions, reinsurance costs, and the outputs from sophisticated catastrophe modeling.
• • Reconcile actuarial indications with actual financial performance and overarching business objectives, working in close partnership with actuarial leadership to ensure alignment.
• • Prepare comprehensive actuarial support for rate filings, which includes the creation of detailed exhibits, thorough documentation, and providing expert responses to any regulatory inquiries.
• • Actively partner with insurance product teams to provide essential support for rate changes, conduct thorough pricing reviews, and facilitate state expansion initiatives.
• • Lead the development of class plan builds and provide critical pricing support for new state launches and strategic product expansions.
• • You will be responsible for pulling, cleaning, and validating data specifically for CAT modeling purposes, executing catastrophe models, and meticulously analyzing the results to inform ratemaking decisions.
• • Collaborate effectively with our technology and data science teams to enhance data quality, automate complex analyses, and modernize our pricing pipelines for greater efficiency and scalability.
• • Stay abreast of and monitor key developments, including regulatory changes, market trends, significant catastrophe activity, and structural shifts within the industry that could impact our pricing strategy.
• • In your first 6-12 months, your success will be measured by the tangible impact you create, taking ownership of meaningful work, improving operational processes, and contributing to Kin's overarching mission.
• • By the end of your first year, you should feel confident in your role, be recognized as a trusted owner, and be proud of the progress you have facilitated.
• • Key outcomes will include ensuring pricing indications are timely, technically sound, and clearly reconciled with financial results and business strategy.
• • You will develop new actuarial tools that demonstrably reduce manual effort and enhance decision-making through automation and advanced analytics.
• • CAT modeling and reinsurance impacts will be consistently and accurately integrated into all ratemaking analyses.
• • Actuarial pipelines and documentation will be reliable, transparent, and scalable, providing a solid foundation for continued state expansion and product growth.
• • This role offers a unique opportunity to leverage cutting-edge technology, including Generative AI, in a fast-paced, growth-oriented insurtech environment, making a significant impact on the future of homeowners insurance.