Head of Actuary

About Vouch:

Insurance... sounds slow, old-fashioned, and unexciting. Exactly. Insurance is broken, and it's failing fast-moving, innovative startups.

Vouch is a new, technology-first insurance company backed with $160M in funding from world-class investors. Like Stripe for payments or Brex for credit cards, Vouch is creating the go-to business insurance for high-growth companies.

We're doing this by making insurance fast, responsive, and focused on our customers -high growth and innovative companies. Instead of printed PDF applications and week-long waits, Vouch is building new technology to solve real problems, writing policies that actually cover relevant startup scenarios, and designing simple experiences in an otherwise frustrating industry.

What does a work environment look like at Vouch?

Vouch is a Virtual First Workplace with office locations in SF, Chicago, and NYC. This role can be based anywhere in the U.S as long as you can work our Vouch core collaboration hours (8:30 am-2:30 pm Pacific Time.) Although we're open to remote, we have a slight preference of having our Head of Actuary being based in the state of Illinois.

Role Responsibilities:

To deliver on this exciting category-defining product we are seeking a creative, motivated, and innovative commercial P&C actuary to expand our insurance expertise and lead our actuary function.

As a key member of the Insurance Operations leadership team, you will play an integral role in shaping our insurance strategy. You will be responsible for delivering innovative actuarial solutions, pricing models and rate plans, competitor analysis, trend analysis, and data analytics all to support our mission of crafting the best insurance for those building the future. More broadly, you will be responsible for managing and continuing to build an actuarial organization.

Job Duties:

• Establish and deliver best practices related to key model assumptions, pricing methodology, rate indications, key actuarial philosophies, loss trend analysis, and a return framework
• Manage the actuarial team
• Develop and implement pricing and planning methodologies, evaluate their ongoing effectiveness, and implement necessary changes
• Oversee the reserving process and appointed actuary
• Development of new pricing models as well as ongoing refinement of existing pricing models
• Oversee assisting the filing team actuarial aspects of filings including preparation of filings and responses to objections
• Working closely with the VP, Fiance to provide subject matter expertise on financial projections
• Oversee and manage all actuarial projects
• Engage outside actuarial firms as needed
• Support reinsurance placements
• About you:
• 12+ years of actuarial experience, preferably within commercial P&C pricing
• Fellow of the CAS (FCAS)
• Experience building rate plans as well as exceptional Excel skills
• Adept at bringing creative insurance product ideas to solve ambiguous problems
• Exceptional communication skills, with an emphasis on real-time interaction, either written or verbal
• Experience developing new rating methodologies
• Ability to effectively manage multiple projects with the ability to prioritize high impact work
• Bachelor's Degree

Nice to have:

• Data analytics experience in AI and machine learning
• Reserving experience
• Reinsurance placement experience
• Filing experience
• Exposure to and passion for early-stage startups and/or high growth environments
• A background in insurance or other regulated categories

Vouch provides a number of benefits to help you bring your best self to work:

• Competitive compensation and equity packages
• Health, dental, and vision insurance
• Parental leave
• Flexible vacation time (Unlimited PTO)
• Wellness allowance ($80/month)
• Technology allowance ($100/month)
• Monthly Doordash credits ($80/month)
• Vouch believes in putting our people first and building a diverse team is at the front of everything that we do. We welcome people from different backgrounds, experiences, and perspectives. We are an equal opportunity employer and celebrate the diversity of our growing team.
• If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to recruiting@vouch.us. #LI-Remote