Actuarial Analyst - TRUE Property Insurance

Trusted Resource Underwriters Exchange (“TRUE”) is a reciprocal insurer established in 2020 to serve homeowners in storm-prone regions of Florida and other parts of the country. At the end of 2023, Gallatin Point Capital acquired a majority stake in the attorney-in-fact for TRUE and raised over $1.25 billion of committed capital, enabling TRUE to not only provide more underwriting capacity in Florida, but also allow it to strategically expand its homeowners product offering and footprint nationally. TRUE utilizes a partnership distribution model through new and existing partnerships as it enters a new phase of exciting growth.

Our growing product and pricing team is looking for talent with a curious and analytical mindset, someone excited to be part of a fast-moving start-up environment where you can get excited about building something new and develop your skills while you grow your career. If you are eager to learn all about homeowners’ insurance and ready to jump enthusiastically into a variety of initiatives to drive our mission and strategy, you possibly share the same passion and drive with us.

Job Description

The Actuarial Analyst provides analysis for the full range of actuarial activities with a focus on pricing and ratemaking for property insurance. You will build pricing models and projections to enable the business to generate profitable growth. You will report to the Director of Actuarial Services.

Primary Accountabilities

• Responsible for state rate level indication development.
• Conduct competitive and market analysis and supports the development of pricing for new products and rating structures.
• Update and maintain rating plans and supporting predictive models.
• Work with business partners to develop rate recommendations.
• Develop relationships with core business partners and provide insights and solutions to address specific business concerns.
• Provide technical background in support of rate filings with state insurance departments.
• Assist in data preparation and testing.
• Assist in the performance of actuarial modeling to quantify the impact of risks.

Specialized Knowledge & Skills Requirements

• Solid knowledge and understanding of property and casualty products, pricing, rates and industry trends.
• Solid knowledge and understanding of underwriting guidelines and concepts.
• 2+ years of demonstrated experience performing statistical/actuarial analysis and data forecasting and modeling techniques.
• Solid knowledge and understanding of forecasting and statistical analysis and modeling.
• Proven skills in Excel, and preferably skills at least in one of the following SAS, SQL, Python, or R.
• Pursuing Associate or Fellow in Casualty Actuary Society (ACAS or FCAS) with at least two exams completed.

The position is remote, but we offer the opportunity to collaborate and work in an office environment in Boston, MA, or St Petersburg, FL, if preferred.