Manager, Actuarial - Branch Insurance

About Branch

Branch is on a mission to make insurance more accessible, so more people can be covered. We innovate using data, tech, and automation to simplify insurance from start to finish—we eliminated inaccurate quotes in favor of real prices, created a better way to bundle, and cut unnecessary costs in the traditional insurance process. Then we pass those savings along to our members. Basically, we’re doing insurance the way it was meant to be.

Branch has a preference for candidates in Ohio, but is open to candidates located in AZ, FL, GA, IL, IN, IA, KS, KY, MD, MI, MO, NV, NC, OH, PA, SC, SD, TN, TX, and WI. Applicants must be currently authorized to work in the United States on a full-time basis.

About the role

Branch is looking for a credentialed actuary to run the day-to-day of our pricing function. In this role you own the rate indication process, the execution of rate changes across every state and line we write, and the segmentation work that makes our pricing sharper over time. You will manage a team of actuarial analysts and work most closely with Product, with regular exposure to Underwriting, Finance and Accounting.

This is a hands-on role. You will be running the work, not overseeing it from a distance, and you will be doing it at a pace most carriers do not move at. You will inherit tools, models and processes that already work, and you will be expected to take them over quickly and make them better.

Key Responsibilities

• Own the rate indication process for home and auto, including the quarterly update and the communication that goes with it
• Execute the annual rate plan: a review, and where warranted a rate change, for every state and every line
• Deliver filings materials to the product group and own communication with them through approval
• Research and develop new segmentation for the rating plan on a continuous basis, including model building
• Maintain and improve pricing methodology and rate adequacy positions across lines of business
• Establish and maintain actuarial policies, workflows, and documentation
• Identify opportunities to improve actuarial systems, tools, and workflows
• Support cat load and other reinsurance-adjacent analyses where they feed pricing decisions
• Conduct financial and economic analyses that inform underwriting strategy and profitability assessments
• Partner with Product, Underwriting, and Finance to address actuarial questions
• Communicate complex actuarial findings clearly to non-technical audiences
• Lead and develop a team of actuarial professionals

Skills, Knowledge, and Expertise

• Associate of the Casualty Actuarial Society (ACAS) at minimum. FCAS is welcome and is not required.
• Typically 6+ years of progressive actuarial experience
• Experience managing at least one direct report
• Deep technical expertise in P&C actuarial pricing methodology, pricing trend analysis, segmentation and predictive modeling
• Track record of taking an indication through to a filed rate change
• Proficiency in R for ad hoc analysis
• Experience with an off the shelf model building platform is a plus
• Clear communicator who can present technical conclusions to senior leadership and regulators

Benefits

• Above-market salary
• Pay equity and transparency
• Remote-first (with WFH set-up and monthly internet)
• Flexible YouTime and vacation bonus
• Employee stock options
• Medical, vision, dental coverage
• 401k and contribution matching