Actuary – Product Development

Job Description:

• Drive the pricing and actuarial support for new product development and existing product enhancements
• Analyze product design proposals to determine pricing viability, risk management, competitive positioning, and customer value
• Stay highly informed on competitor filings to understand how our products and pricing stand relative to the market
• Write advanced SQL queries to pull from large, detailed medical bill databases for rigorous product pricing
• Ensure product pricing/rating complies with state-level requirements and propose alternative designs to navigate tougher regulatory environments
• Operate seamlessly with product, underwriting, marketing, BI, and IT teams in the design and launch of new products. Communicate complex actuarial concepts to a non-actuarial audience
• Propose creative ways to price innovative coverage concepts and ideas

Requirements:

• ACAS/ASA (or FCAS/FSA) Designation Minimum
• At least 4 years of experience in an actuarial role in P&C and/or Health
• At least 2 years of experience in an actuarial pricing or product development role
• Creative and able to come up with reasonable pricing assumptions even when there is not direct data to price a brand-new coverage
• Excels in a cross functional environment working with marketing, product, IT, finance, and underwriting in designing and launching new products
• Comfortable in listening to and balancing needs across multiple stakeholders balancing pricing accuracy with customer experience and marketability
• Intermediate knowledge of SQL
• Intermediate knowledge of either R or Python
• Intermediate knowledge of Excel
• Experience performing competitor filing research in SERFF
• Comfortable or willingness to learn how to work with AI assisted coding tools, such as, Claude, GitHub, Copilot, or Gemini
• Able to anticipate needs, innovate and flourish in a high-volume, fast paced environment

Benefits:

• Comprehensive Medical, dental, and vision plan for you and your family
• Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are available
• Highly competitive 401(k) matching
• Generous 20-day PTO Policy, with rollover options. Earn an additional day of PTO each year on your anniversary with Fetch, for a maximum of 30 days
• Paid company (9) holidays, including (1) floating holiday
• Fetch Pet Insurance discount - up to 50% off, up to $1,000 savings/year
• Educational Assistance Program
• Fetch Discount Perks Program
• Volunteering - earn up to 8 hours per calendar year at nonprofit organizations
• NYC Office Amenities: Pet-friendly environment, free lunch, snacks, and additional amenities; transit accessible
• Employee Referral Incentive
• Tuition Assistance
• Commuter Benefits
• Employee Assistance Program (EAP)

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