Actuarial Analyst, Pet

About the role

Joining the Actuarial team at Lemonade Pet represents a pivotal opportunity to influence the trajectory of a rapidly evolving insurance segment. In this role, you will be instrumental in shaping pricing strategies that reflect the unique dynamics of pet healthcare. Your work will directly support the development of sophisticated tools designed to streamline actuarial processes and improve accuracy. You will partner closely with underwriters, product managers, and data scientists to integrate data-driven insights into daily operations. The position requires a deep commitment to applying classical actuarial theory within a modern, technology-forward environment. Success in this role means ensuring that every rate reflects a balance between market competitiveness and responsible risk selection. You will be a key voice in discussions regarding regulatory compliance and the strategic positioning of Lemonade Pet in the marketplace. This is a chance to build a tangible impact on the pet insurance industry while advancing your own technical expertise.

Key facts

What you'll do

• Assume ownership of the analysis required for pet insurance state rating plans and associated filings.
• Translate complex underwriting and pricing logic into preparation of rate filing documentation for new machine learning applications.
• Monitor portfolio performance metrics to identify emerging pricing trends and opportunities for targeted underwriting actions.
• Architect and develop reusable tools and dashboards that automate key pricing analyses and deliver real-time support to business stakeholders.
• Conduct competitive intelligence efforts to build a comprehensive understanding of rival rating methods and broader market dynamics.
• Drive your personal progression by preparing for SOA or CAS exams, contributing to industry research, and integrating new methodologies into your daily tasks.
• Partner with the data science team to validate models and ensure that predictive outputs are accurately reflected in rate structures.
• Evaluate large datasets to support rate reviews, ensuring that assumptions are robust and aligned with actual loss experience.
• Serve as the liaison between the actuarial function and operational teams to ensure clarity and alignment on pricing objectives.
• Maintain detailed documentation of all methodologies and calculations to support audits and regulatory inquiries.

Requirements

• Successfully completed 2 or more SOA or CAS actuarial exams, demonstrating foundational knowledge in probability and financial mathematics.
• Possession of a Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a closely related quantitative field.
• Prior experience or demonstrable familiarity with data science programming languages such as R or Python is mandatory.
• Proven proficiency with SQL to query databases and extract reliable data sets for analysis.
• Strong analytical capabilities, with the ability to dissect complex problems and devise logical, data-backed solutions.
• Excellent problem-solving skills paired with the capacity to communicate technical concepts to non-technical audiences.
• A willingness to maintain a consistent presence in the Soho office, requiring three days of in-person work per week.
• An eager and proactive attitude toward learning new technologies and applying artificial intelligence to enhance operational workflows.
• Commitment to upholding the highest standards of accuracy and integrity in all actuarial responsibilities.
• Readiness to work collaboratively within a fast-paced, dynamic team environment that values innovation and precision.

Nice to have

• Previous pricing experience within the insurance sector, specifically related to property and casualty or health lines.

Practical notes

• Lemonade is currently unable to sponsor work visas for this position, and all candidates must be authorized to work in the United States without sponsorship.
• The compensation package is comprehensive and includes health and wellness coverage, equity awards, a 401(k) plan with employer match, 20 paid vacation days annually, and structured parental leave.
• This role operates on a standard full-time schedule, requiring physical presence at the Soho office three days each week to facilitate collaboration and alignment with team objectives.
• Candidates must be available to start in a timeframe that allows for a thorough onboarding process and integration with existing actuarial projects.
• Travel is not a standard component of this role, as the primary work environment is based at the main office location in New York City.