What are the responsibilities and job description for the Ratemaking Actuary position at Next Insurance?
Job Description
Job Description
At NEXT, we're on a mission to revolutionize the small business insurance landscape. We're harnessing the power of technology to build a full-stack insurance provider that transforms the customer experience and delivers innovative, affordable coverage solutions.
Since 2016, we've empowered hundreds of thousands of small businesses across the United States. Backed by the biggest names in insurance and tech, we're experiencing exponential growth and are inviting a skilled and entrepreneurial actuary to help manage and refine rate indications across multiple lines of business, ensuring pricing adequacy and profitability.
You will play a key role in shaping the success of our business by leveraging your expertise to develop actionable insights and guide key pricing decisions. This role spans General Liability, Workers' Compensation, Commercial Property, and other lines of business, giving you the opportunity to drive strategic outcomes across the organization.
What You'll Do :
- Be the subject matter expert at Next on rate indications and pricing strategies for multiple lines of business, ensuring pricing adequacy and profitability
- Evaluate loss trends, frequency, and severity across lines of business to provide actionable recommendations to leadership.
- Conduct competitor and market research to guide strategic pricing decisions and maintain competitive positioning.
- Provide senior management with clear, data-driven recommendations on pricing adequacy, loss ratios, and emerging trends.
- Provide ad hoc support to other business partners, including but not limited to reinsurance, finance, distribution, claims, and growth teams.
- Develop high-quality, efficient processes that can adapt and scale to meet evolving business needs.
What You Need :
The range displayed on this job posting reflects the minimum and maximum target for new hire salaries for the position in the location(s) listed. Within the range, individual pay is determined by additional factors, including, without limitation, job-related skills, experience, and relevant education or training. NEXT employees are eligible to participate in our equity incentive program and will also receive our benefits package, consisting of our partially subsidized medical plan, fully subsidized vision / dental options, life insurance, disability insurance, 401(k), flexible paid time off, parental leave and more.
Don't meet every single requirement? Studies have shown that some underrepresented people are less likely to apply to jobs unless they meet every single qualification. At NEXT, we are dedicated to building a diverse, inclusive and respectful workplace, so if you're excited about this role but your past experience doesn't align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.
One of our core values is 'Play as a Team'; this means making sure everyone has an equal chance to participate and make a difference. We win by playing together. Next Insurance is an equal opportunity employer and prioritizes building a diverse and inclusive workplace. We provide equal employment opportunities to all employees and applicants of any type and do not discriminate based on race, color, religion, national origin, gender, age, sexual orientation, physical or mental disability, genetic information or characteristic, gender identity and expression, veteran status, or other non-job-related characteristics or other prohibited grounds specified in applicable federal, state, and local laws. Next's policy is to comply with all applicable laws related to nondiscrimination and equal opportunity and will not tolerate discrimination or harassment based on any of these characteristics. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
The range displayed on this job posting reflects the minimum and maximum target for new hire salaries for the position across all US locations. Within the range, individual pay is determined by work location and additional factors, including, without limitation, job-related skills, experience, and relevant education or training. NEXT employees are eligible to participate in our equity incentive program and will also receive our benefits package, consisting of our partially subsidized medical plan, fully subsidized vision / dental options, life insurance, disability insurance, 401(k), flexible paid time off, parental leave and more.
US annual base salary range for this full-time position :
135,000—$170,000 USD
Don't meet every single requirement? Studies have shown that some underrepresented people are less likely to apply to jobs unless they meet every single qualification. At NEXT, we are dedicated to building a diverse, inclusive and respectful workplace, so if you're excited about this role but your past experience doesn't align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.
One of our core values is 'Play as a Team'; this means making sure everyone has an equal chance to participate and make a difference. We win by playing together. Next Insurance is an equal opportunity employer and prioritizes building a diverse and inclusive workplace. We provide equal employment opportunities to all employees and applicants of any type and do not discriminate based on race, color, religion, national origin, gender, age, sexual orientation, physical or mental disability, genetic information or characteristic, gender identity and expression, veteran status, or other non-job-related characteristics or other prohibited grounds specified in applicable federal, state, and local laws. Next's policy is to comply with all applicable laws related to nondiscrimination and equal opportunity and will not tolerate discrimination or harassment based on any of these characteristics. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
Salary : $135,000 - $170,000
