Head of Actuarial

2 months ago


Chicago, Illinois, United States Current Job Openings at Vouch Insurance Full time
About Vouch:

Insurance... sounds slow, old-fashioned, and unexciting. Exactly. Insurance is broken, and it's failing fast-moving, innovative startups.

Vouch is a new, technology-first insurance company backed with $185M in funding from world-class investors. Like Stripe for payments or Brex for credit cards, Vouch is creating the go-to business insurance for high-growth companies.

We're doing this by making insurance fast, responsive, and focused on our high-growth and innovative customers. Instead of printed PDF applications and week-long waits, Vouch is building new technology to solve real problems, writing policies that actually cover relevant startup scenarios, and designing simple experiences in an otherwise frustrating industry.

Why should you join our team and Vouch?

Not only is this an exciting and growing team where you can impact our operational scalability, but Vouch is also the preferred insurance provider to customers of Y Combinator, Brex, Carta, and WeWork. We're a quickly growing startup that believes in transparency and acknowledgment with our team members and cultivating a values-driven company. Our values are "Put People First," "Listen, Challenge, and Grow," "Face challenges head-on and win as a team," and "Serve clients with integrity and excellence."

What does a work environment look like at Vouch?

Location:

This role is based in our Chicago office. We require the team members to be in the office at least two days per week (Monday and Thursday) to foster close collaboration and team building.

Role Responsibilities:

To deliver on this exciting category-defining product, we seek a creative, motivated, and innovative commercial P&C actuary to expand our insurance expertise and lead our actuary function.

As a key Insurance Operations leadership team member, you will play an integral role in shaping our insurance strategy. You will be responsible for delivering innovative actuarial solutions, pricing models and rate plans, competitor analysis, trend analysis, and data analytics all to support our mission of crafting the best insurance for those building the future. More broadly, you will be responsible for managing and continuing to build an actuarial organization.

Job Duties:
  • Establish and deliver best practices related to key model assumptions, pricing methodology, rate indications, key actuarial philosophies, loss trend analysis, and a return framework
  • Manage the actuarial team
  • Develop and implement pricing and planning methodologies, evaluate their ongoing effectiveness, and implement necessary changes
  • Oversee the reserving process and appointed actuary
  • Development of new pricing models, as well as ongoing refinement of existing pricing models
  • Oversee assisting the filing team with actuarial aspects of filings, including preparation of filings and responses to objections
  • Working closely with the VP, Finance to provide subject matter expertise on financial projections
  • Oversee and manage all actuarial projects
  • Engage outside actuarial firms as needed
  • Support reinsurance placements
About you:
  • 15+ years of actuarial experience, preferably within commercial P&C pricing
  • Fellow of the CAS (FCAS)
  • Experience building rate plans as well as exceptional Excel skills
  • Adept at bringing creative insurance product ideas to solve ambiguous problems
  • Exceptional communication skills, with an emphasis on real-time interaction, either written or verbal
  • Experience developing new rating methodologies
  • Ability to effectively manage multiple projects with the ability to prioritize high-impact work
  • Bachelor's Degree
Nice to have:
  • Data analytics experience in AI and machine learning
  • Reserving experience
  • Reinsurance placement experience
  • Filing experience
  • Exposure to and passion for early-stage startups and/or high-growth environments
  • A background in insurance or other regulated categories
Vouch provides several benefits to help you bring your best self to work:
  • Competitive compensation and equity packages
  • Health, dental, and vision insurance
  • Parental leave
  • Flexible vacation time (Unlimited PTO)
  • Wellness allowance ($80/month)
  • Technology allowance ($100/month)
  • Professional Development ($500/Yr)
  • Home office setup (One-time $500)
  • L&D: Partnerships with Ethena, Hone, and weekly Lunch & Learns
  • Employee Groups (ERGs, Committees, and Communities): Vouch supports various employee groups to foster an inclusive, equitable workplace and create affirming, empowering, employee-centered spaces for conversation, community, and support. These groups include Pride @ Vouch, Women @ Vouch, Black @ Vouch, Virtual Connections, Pop Culture, Pets of Vouch, Skincare, Astrology, Plants, etc.
  • Wellbeing: Voucher's have access to many wellbeing perks, including Calm, ClassPass, Headspace, Fetch, OneMedical, SoFi, etc.
  • Annual performance reviews with quarterly check-ins: Vouch conducts quarterly review discussions with all team members, offering goal setting and check-ins, development discussions, and promotion opportunities.
What to expect in the interview process:
  • 30-minute phone call with our recruiting team
  • 30-45 minute Zoom interview with the hiring manager
  • Case study/technical screen
  • Meet the team 30-45min 1:1 Zoom meetings with team members you'd work closely with in the role
Vouch believes in putting our people first, and building a diverse team is at the front of everything we do. We welcome people from different backgrounds, experiences, perspectives, and ranges of abilities. We are an equal-opportunity employer and celebrate the diversity of our growing team.

If you require reasonable accommodation to complete this application, interview, complete any pre-employment testing, or otherwise participate in the employee selection process, please direct your inquiries to

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