Root Inc.
Simplifying the everyday services people need.

Senior Actuarial Analyst, Corporate Actuarial at Root Inc. (Remote)

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Root's Corporate Actuarial team ensures we're ready for the future, whatever it may bring. Overseeing our reserving, reinsurance, reporting, and capital modeling, they help us better understand unpaid claim liabilities and capital needs, and development strategies to optimize them.

We're looking for a Senior Actuarial Analyst to support  Corporate Actuarial team. Utilizing sophisticated reserving methodologies, you'll work to improve analyses at a detailed level. Along with traditional reserving approaches and individual claim models, you'll support  financial reporting for Root's Statutory and GAAP accounting (public entity). Finally, working alongside our Finance team, you'll help us better forecast our results and capital needs over short and long term horizons.


What you'll be doing:
  • Support monthly financial reporting cycle including estimation of unpaid claims liability (reserving); application of tools and models, report building and process management, and application of advanced reserving methodologies
  • Evaluate reinsurance structures to measure reinsurance efficiency and its potential impact on underwriting results and capital requirements; perform risk transfer analysis following proposed contract terms
  • Support financial forecasting process across different reporting entities; assist in making model improvements and refining insurance parameter assumptions in collaboration with Finance
  • Work closely with cross-functional disciplines, including accounting and finance, in providing deliverables for Statutory and GAAP accounting
  • Automate more routine tasks and reports using platforms such as tableau

What we're looking for:
  • 2+ years of P&C insurance experience in an actuarial role
  • Intermediate experience in SQL or other similar database software
  • Demonstrable programming experience with modeling in R, Python or other modeling software packages

Some things we'd prefer

  • 3+ actuarial exams
  • Loss reserving, reinsurance, or insurance financial modeling experience
  • Familiarity with reinsurance accounting and risk transfer concepts
  • Understanding of statistical modeling techniques applied to actuarial problems
  • Project management skills
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Where we are

IL

Technology we use

  • Engineering
    • JavaLanguages
    • JavascriptLanguages
    • PythonLanguages
    • RLanguages
    • RubyLanguages
    • SqlLanguages
    • SwiftLanguages
    • ReactLibraries
    • ReduxLibraries
    • React NativeLibraries
    • Ruby on RailsFrameworks
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What are Root Inc. Perks + Benefits

Root Inc. Benefits Overview

Our benefits exist to support exceptional employees in doing their very best work. We have full health, vision, dental insurance and we cover 100% of the premiums for employees and 75% for dependants.

Culture
Partners with Nonprofits
Friends outside of work
Intracompany committees
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Pair programming
Diversity
Dedicated Diversity/Inclusion Staff
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Root employees can contribute up to $2700 annually to their FSA.
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
A health insurance plan that provides for you and your family.
Life Insurance
Employer-paid for life insurance is equal to 60% times an employee's annual salary.
Pet Insurance
Pet insurance that protects your four-legged loved ones.
Mental Health Benefits
Retirement & Stock Options Benefits
401(K)
Company Equity
Root offers incentive stock options that vest over a 4-year period for all of our Engineering roles.
Child Care & Parental Leave Benefits
Generous Parental Leave
We provide up to 12 weeks of parental leave for the primary caretaker. Root also provides 6 weeks of leave for the secondary caretaker.
Flexible Work Schedule
Root provides employees with a flexible work schedule but our core hours are generally 9-5.
Remote Work Program
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Parking
Home Office Stipend for Remote Employees
Professional Development Benefits
Job Training & Conferences
Root has a continuing education budget for conferences, online resources, and certifications that are related to their work.
Tuition Reimbursement
Diversity Program
Lunch and learns
Root hosts weekly lunch and learns from
Cross functional training encouraged
Promote from within
Mentorship program
Continuing Education stipend
Time allotted for learning
We have 12 hack days a year for engineers to explore new technologies or build things that aren't prioritized on our product roadmap but pique their interest.
Online course subscriptions available
Paid industry certifications

Additional Perks + Benefits

Our carefully curated benefits and perks exist to empower our employees to do their very best work by bringing their authentic selves to work every day.

An Insider's view of Root Inc.

What does your typical day look like?

A quick standup followed by opportunities for both pairing and soloing. Maybe an occasional design meeting or retrospective. My team sits at the intersection of a lot of technologies so the day-to-day work varies. There's time carved out to learn technologies that are new to me and to help lead others with the technologies that I already know well.

Jordan

Senior Software Engineer

How does the company support your career growth?

I think the emphasis on team rather than personal responsibility makes Root a great place to grow. Engineers aren't concerned with producing their "own" work at the exclusion of helping others. Engineers at Root also just love problem-solving and step up to whatever problems I come to them with.

Liz

Software Engineer

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