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NEXT Insurance

Sr. Ratemaking Actuary

Job Posted 2 Days Ago Reposted 2 Days Ago
Be an Early Applicant
Remote
160K-225K Annually
Senior level
Remote
160K-225K Annually
Senior level
As a Ratemaking Actuary, you will analyze pricing strategies, assess loss trends, and provide pricing recommendations across various insurance lines.
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Location: Remote


NEXT’s mission is to help entrepreneurs thrive. We’re doing that by building the only technology-led, full-stack provider of small business insurance in the industry, taking on the entire value chain and transforming the customer experience. 


Simply put, wherever you find small businesses, you’ll find NEXT.


Since 2016, we’ve helped hundreds of thousands of small business customers across the United States get fast, customized and affordable coverage. We’re backed by industry leaders in insurance and tech, and we still have room to grow — that’s where you come in.


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 We Need:

  • FCAS (preferred) or career ACAS credentials mandatory
  • 8-10+ years of actuarial experience; ideally in commercial insurance pricing 
  • Accountability and pride in own work product - instill confidence in leadership
  • Communication and collaboration - work effectively with cross functional partners
  • Gritty, self-driven personality - embrace challenges and are excited about unexplored possibilities
  • Intellectual curiosity - dig deep and solve complex business problems
  • Leadership mindset - identify business needs and drive solutions to meet them
  • Expertise with some or all of the following software: Tableau, SQL, Python, MS Office, Google Suite

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 for 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:
$160,000$225,000 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.

Top Skills

Google Suite
MS Office
Python
SQL
Tableau

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