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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