Actuarial Data Scientist

Job Description

Job Description

Akur8 is a young, dynamic, fast growing Insurtech scale-up that is transforming insurance pricing and reserving with transparent machine learning.

Our SaaS platform leverages the power of transparent machine learning and predictive analytics to inject game-changing speed, performance and reliability into insurers’ pricing and reserving processes.

Powered by skilled R&D, Product & Actuarial teams we’ve developed unique AI algorithms that automate the insurance pricing and reserving in an unprecedented manner.

This results in a pricing solution that enables insurance companies to model risks 10 times faster with greater predictive power than traditional methods, whilst including next-generation reserving features, offering an end-to-end platform that anticipates and accounts for future claims.

Akur8 has already been selected :

In CB Insights Top 50 World Insurtech Companies 2024

In Insurtech Global’s Top 100 AIFinTech list 2024

In Fintech Global’s Top 100 AIFinTech list 2024

In CNBC’s World Top 150 Insurtech Companies 2024

With 42 nationalities on our team and offices in 8 major global cities, Akur8’s solution is international by design, serving over 320 clients across 4 continents, and focusing on mature markets to drive faster growth.

To learn more about Akur8, and what we do, click here.

Akur8 is, in all senses of the term, an equal opportunities employer. Akur8 puts diversity, equality and inclusion at the heart of its values. We examine all applications based on equal skills and applying the principles of non-discrimination.

Becoming an Actuarial Data Scientist is the ideal opportunity to influence the usage of cutting edge advanced machine learning technology in the insurance industry and to have a visible effect on the product roadmap of one of the world’s foremost insurtech companies.

This position interacts with every team at Akur8 to various degrees : Sales, Product, R&D, Marketing, Engineering, and Leadership. You will be a subject matter expert and will act as a translator between all of these departments and the “language” of insurance, actuaries, and our clients.

Externally, you will work with client contacts such as Heads of Pricing, Heads of Product, CTOs, Actuaries, and Data Scientists.

To be successful, an Actuarial Data Scientist at Akur8 must be :

A Teacher...

• ...As an ADS, you will lead proof of concepts with potential clients. During this process, you will need to clearly communicate modeling concepts to both highly technical and non-technical audiences. Sometimes, you will be covering highly advanced modeling topics with experienced actuaries, and other times you will be starting from foundational modeling approaches with new modelers.

Creative...

A Problem Solver...

A Visionary...

Additionally, you’ll also contribute to white papers and present at conferences or webinars to establish the leadership of Akur8 in the United States and other markets.

Traveling is required for this role for approximately 1 event per month. This includes team-building trips to our Paris office or North American offices, industry conferences, and possibly onsite client meetings.

IMPORTANT : Preference will be given to applicants who can work from our New York office, but remote work is acceptable if you prove to be a very strong candidate based in the Eastern or Central timezones.

The successful candidate must meet each of the following criteria in order to be considered for this position :

A minimum of 7+ years experience in a P&C / General / Health insurance pricing role as a Pricing Actuary, Actuarial Consultant or Data Scientist

FCAS credentials

A strong understanding of Data Science and Machine Learning techniques for predictive modeling ; (note, please note that, due to the nature of this role, no coding is involved, even if a knowledge of Python / R / SAS is a strength)

Experience in actuarial data-driven predictive modeling (GLMs / GAMs) & risk analysis in a P&C / General insurance pricing role ;

Ability to understand insurance business imperatives and establish solutions in accordance with them ;

Strong communication skills in order to elaborate on complex technical concepts to both technical / non-technical audiences ;

Readiness to travel when required (approximately 5 working days per month) ;

Native-level of English

IMPORTANT : You must possess an employment status that enables you to work in a free and unrestricted manner in the United States of America. We are equally open to candidates currently working in the United States who require a change in visa sponsor.

As a newcomer, you'll be joining a diverse, highly skilled and motivated team, with a strong Tech DNA, colleagues that are eager to share their knowledge and passion.

But it’s not all work, you’ll also be part of a dynamic team that enjoys spending time together and having fun.

In addition to this, we will provide you with :

Competitive salary + annual bonus

Health insurance , Dental and Vision coverage

Retirement Savings Plans

25 days of PTO / year

Commuter benefit

Gym membership via ClassPass

IT equipment allowance

Professional development & trainings

Team fun : regular company gatherings and team events

Fun goodies

Compensation Range : $200K - $250K