Principal, Corporate Actuarial

🔥 3 minutes ago

🇺🇸 United States – Remote

💵 $175k - $200k / year

⏰ Full Time

🔴 Lead

📊 Actuary

👻 Ghost score 0%

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Root Inc.

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 2015

🚘 Automotive

💼 Consulting

🛡️ Insurance

💰 $200M Post IPO debt on 2024-11

Automotive • Consulting • Insurance

Root Inc. is an auto insurance company that uses a mobile app and smartphone sensor telematics to measure driving behavior and price policies primarily based on how safely customers drive. The company offers a "test drive" period to gather driving data, provides in-app quotes, policy management, and claims filing, and sells roadside assistance and other coverages across many U. S. states. Root targets consumer drivers (B2C) seeking usage-based insurance and emphasizes savings for safer drivers.

📋 Description

• Develop, enhance, and use internal capital models to inform risk appetite, reinsurance decisions, and financial strategy • Contribute to stress testing, ORSA scenario development, and economic capital modeling • Help implement and refine ERM frameworks, risk registers, and related processes • Analyze and support evaluation and placement of quota share, excess of loss, and catastrophe reinsurance structures • Collaborate with brokers and internal teams to assess financial impact and capital benefits of reinsurance options • Model reinsurance impacts on earnings volatility, surplus preservation, and RBC • Conduct monthly reserving analyses and processes • Analyze trends, variances, and reserve adequacy across lines of business and coverages • Assist with regulatory filings and support the appointed actuary • Collaborate with Data Science, Finance, Accounting, Underwriting, and Claims • Present technical findings to technical and non-technical audiences • Contribute to process automation, analytics, and actuarial tool development using R, Python, SQL, GenAI, and internal platforms

🎯 Requirements

• Bachelor's degree in actuarial science, mathematics, statistics, or another field with a rigorous mathematics background preferred • ACAS or FCAS • 6+ years of actuarial experience in the P&C insurance space • Exposure to capital modeling, ERM, reinsurance, and/or reserving preferred • Proficiency in R or Python, SQL, and GenAI tools • Familiarity with capital modeling tools; custom modeling experience is a plus • Experience collaborating across functional areas and communicating actuarial insights effectively • Strong analytical skills and attention to detail • Willingness to mentor junior team members and/or manage direct reports as needed • Must be on camera for virtual interviews

🏖️ Benefits

• Eligible for competitive bonus • Equity offering • Work in whatever location works best across the US • Occasional travel for team meetings, broker discussions, or industry events • Reasonable accommodation during the hiring process for qualified applicants with disabilities