RAINBOW is a rapidly-growing insurtech company on a mission to revolutionize the insurance industry through proprietary technology and thoughtful, customer-centric solutions. As we continue our quest to produce the strongest loss ratios in the industry, we are seeking a technically skilled and analytically minded actuary to help drive our innovation in pricing, reserving, and risk management. This role is ideal for someone who excels at leveraging advanced statistical software and programming languages to derive actionable insights from complex data.

About the Role

You will be responsible for developing robust pricing models, reserving strategies, and risk management frameworks using advanced technical and analytical skills. This role will involve a high degree of collaboration with product, engineering and underwriting teams, as well as third-party data, compliance and product development vendors, to ensure that actuarial insights are supported by sophisticated data models and cutting-edge software. Mastery of tools such as Python and statistical software, along with a strong grasp of Property & Casualty products, are essential to succeed in this dynamic, tech-driven environment.

What You’ll Do

• Drive actuarial efforts for our growing portfolio of admitted, property & casualty products, currently focused on Business Owners Policies and Excess Liability, with an ambition to scale to addition products.  
• Use Python and other analytical tools to develop and refine complex pricing models that accurately assess risk. Collaborate with underwriting and product teams to implement innovative pricing strategies that meet market demands.
• Provide actuarial input during regulatory filings and audits.
• Utilize advanced statistical software and programming skills to oversee reserve calculations and ensure the adequacy of reserves. Develop predictive reserving models that adapt to changing market conditions.
• Partner with the heads of product and engineering to build and refine machine learning models, using languages like Python to develop predictive tools that assess risk more effectively.
• Leverage your technical skills in statistical modeling and programming to perform detailed data analysis, identifying trends, insights, and potential improvements in our product portfolio. Apply your advanced analytical and statistical techniques to assess and mitigate risks, providing actionable insights to improve portfolio performance
• Maintain an active dialog with our insurance and reinsurance regulators, as well as regulators, working against milestones in our product product roadmap.
• Ensure compliance with actuarial and insurance regulations, and collaborate extensively with the product, engineering and underwriting teams to ensure that actuarial insights are integrated into broader company strategies and product development initiatives.
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What You’ll Need

• Fellow of the Casualty Actuarial Society (FCAS) required.
• Minimum of 7+ years of actuarial experience in property & casualty (P&C) insurance, with a strong emphasis on technical data analysis, predictive modeling, and reserving. Insurtech or high-growth environment experience is a plus.

Technical Skills:

• Proficiency with Python and other advanced statistical software.
• Experience with actuarial modeling tools.
• Strong experience in predictive modeling, machine learning, and data analysis.
• Demonstrated ability to analyze large, complex data sets and provide actionable insights. Experience in building and maintaining predictive models is essential.
• Solid knowledge of programming languages such as Python and SQL with a focus on data analysis, automation, and model development.
• Ability to convey complex actuarial concepts and technical findings to non-technical stakeholders effectively.
• Experience working in cross-functional teams, including data science, finance, and underwriting, to align actuarial models with business needs.
• Comfortable in a fast-paced, tech-driven environment with a passion for using technology to enhance actuarial practices.

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Compensation & Benefits

• Competitive salary
• Meaningful equity
• Health, dental, and vision insurance
• 401k
• Wi-Fi stipend and home office stipend

How to Apply:

Interested candidates are invited to submit their resume and cover letter to jobs@userainbow.com. Please include "Actuary" in the subject line.

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