Lemonade completely reinvented how insurance works. As a customer-centric tech company, we created an insurance experience that is smart, instant, and delightful.
At Lemonade, you’ll be working with a group of like-minded makers, who get a kick out of moving fast and delivering great products. We surround ourselves with some of the smartest, most motivated, creative people who are filled with positive energy and good karma.
Unlike most publicly traded companies, we’re nimble and efficient. We take pride in the fact that we still think and operate like a startup. We don’t care much about titles and hierarchy and instead focus on innovation, bold moves, and challenging the status quo.
We’re built as a lean, data-driven organization that relies on a common understanding of objectives and goals to provide teams with autonomy and ownership. We don’t like spending our days in meetings and we skip committees altogether. At Lemonade, there’s no such thing as going over someone’s head. We have zero tolerance for bureaucracy, office politics, and lean-back personalities.
As a Public Benefit Corporation and a certified B-Corp, we deliver environmental and social impact using our products and tech. Through our Giveback program, we partner with organizations such as the ACLU, New Story, The Humane Society, Malala Fund, American Red Cross, .org, charity : water, and dozens of others, and have donated millions towards reforestation, education, animal rights, LGBTQ+ causes, access to water, and more.
Awarded ‘best workplace’
Best Workplace and Best-Led Company by Inc.Magazine
World Changing” by FastCompany
Recognized as a World Changing Idea by Fast CompanyMagazine
Ranked #1 Home insurance in America
Won best renters and homeowners insurance in America by US News, and others
Best Pet Insurance in America
Rated “Best Overall Pet Insurance” by Better Homes & Gardens
Rated 4.9 on the AppStore
Among the highest rated apps of all time
What you’re applying for
We’re looking for a Senior Actuary who is eager to revolutionize car insurance with us.
In this role, you’ll be managing rate levels, building advanced pricing models & tools, and bringing actuarial discipline to all facets of Lemonade - from distribution to underwriting, claims, compliance, and finance. You’ll leverage competitive data and data science to optimize our customers’ experience and ensure fairness and accuracy in pricing.
In this role you’ll
- Be an owner and expert on our car insurance state rating plans and rate indications
- Lead the development and integration of predictive modeling projects while working closely with the Data Science team
- Craft rate filing support for new machine learning models
- Recommend pricing and underwriting actions based on ongoing monitoring of results
- Build a knowledge base of competitor rating strategies and the overall competitive landscape
- Develop the rates and pricing strategy for product expansions in new states
- Lead in the design and development of internal pricing software for advanced analytics to support real-time decision making and scalable growth
- Actively coach and mentor analysts
What you’ll need
- 7+ years of P&C actuarial experience; Attained ACAS or greater
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field
- Strong proficiency in data science programming languages such as R or Python (preferred), and database query tools such as SQL
- Familiarity with predictive modeling concepts, including supervised and unsupervised machine learning approaches such as GLMs, decision trees, gradient boosting machines, random forests, and clustering.
- Prior personal car pricing experience is a definite plus
- Ability to work in a remote environment
- Please note that we are unable to sponsor applicants for work visas
Lemonade's US base salary range for this full-time position is $, - $, plus equity and benefits. Our salary ranges are determined by role, level, and location. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Speak to your recruiter to hear more about the specific salary range for your preferred location.