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Product Actuary

Company: Orion180
Location: Melbourne
Posted on: June 25, 2022

Job Description:

Company IntroOrion180 -is a quickly growing Insurance technology-based insurance company that provides property insurance solutions using an online insurance technology platform. Orion offers its proprietary homeowner insurance products to insurance agents in multiple states with plans to rapidly expand nationwide. Orion's mission is to offer a suite of proprietary insurance products through both the agent and consumer channels via its best-in-class technology platform.Job SummaryProduct Actuary is a new role reporting to the CEO. The role is accountable for collaborating cross-functionally to support the development of innovative actuarial rating algorithms and business intelligence tools to monitor the portfolio and ensure profitable growth. The role will be at the forefront of research and development as Orion180 expands into new markets and increases its product offerings.Responsibilities and DutiesTo perform the job successfully, an individual must be able to perform each essential duty satisfactorily and should demonstrate the following competencies to consistently perform the essential functions of this position. All employees are expected to adhere to and be knowledgeable of Orion180 operations standards, established security/safety rules and requirements for attendance. -The requirements listed below are representative of the fundamental knowledge, skill, and/or ability required to perform the job successfully:

  • Own the research, development, and continuous improvement of the actuarial rating algorithms for a subset of Orion180's products. High-level projects include, but are not limited to, the following:
  • Assess current actuarial rating algorithms
  • Analyze competitor's rating algorithms
  • Research innovative modeling techniques and internal/external data sources for more refined pricing and risk selection
  • Perform frequency and severity trend studies
  • Develop recommendations for actuarial rating algorithm refinements or total overhauls
  • Communicate and present analysis findings across the organization to ensure key stakeholder buy-in
  • Collaborate cross-functionally to implement rating algorithm refinements in Orion180's platform
  • Support Department of Insurance (DOI) rate filing process where applicable
  • Build business analytics dashboards and tools to monitor the portfolio and ensure profitable growthQualifications and Education Requirements
    • 10+ years of actuarial experience
    • FCAS or ACAS credentials preferred
    • Bachelor's Degree
    • Entrepreneurial and dynamic, looking to learn and flex both inside and outside the Actuarial function
    • Experience developing and implementing innovative actuarial rating algorithms
    • Experience communicating technical analysis to a non-technical audience both verbally and in writing
    • Experience effectively managing multiple projects and confronting ambiguity
    • Experience designing creative solutions to solve complex insurance problems with limited historical data
    • Excellent Excel skills and proficiency in a programming language such as SQL, R, or PythonPhysical DemandsWhile performing general office duties for this position, the employee is regularly required to sit, stand and/or walk around (including the use of stairs). -Other demands include the ability to openly communicate with others by talking, listening, and reading, able to lift light objects (Work EnvironmentThe office environment is generally quiet and, in a temperature, controlled setting with random adjustments in noise or temperature due conversations, unscheduled maintenance repairs to the building or its interior offices or unpredictable situations due to weather or other acts beyond company control. -An employee must be willing to work their regularly assigned work schedule for their duties and/or job responsibilities and in times of need, be able to work an extended schedule depending on company/department needs, project requirements or customer demands. -No agencies please

Keywords: Orion180, Melbourne , Product Actuary, Accounting, Auditing , Melbourne, Florida

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