Senior Reserving Analyst
Next Insurance is a fast-growing startup based in Silicon Valley that is led by a team of experienced entrepreneurs with a history of successful outcomes. Our mission is to transform insurance for small businesses by combining world-class technology and phenomenal customer service to offer better insurance at a lower price. Next has raised over $880 million from top tier investors and is the valley's latest unicorn, valued at over $4 billion.
We're looking for a driven, hands-on Reserving Analyst to join the team to help build up and drive the reserving process for a rapidly advancing tech unicorn. Reporting to the Reserving Senior Actuary, this is a unique opportunity to be a part of the Actuarial function and collaborate with an unstoppable team. This is a highly visible role with the ability to directly impact key business decisions and financial outlook.
What You'll Do:
- Enhancing existing profitability monitoring dashboards which serve as company-wide communication on current state of the insurance segments
- Assisting with reserving processes which include maintaining data templates, apriori initial loss ratio calculations, and ensuring integrity of data inputs into Arius reserving software
- Building benchmark tools, including loss trends, loss development factors and excess loss factors that will be used cross-functionally
- Assisting with preparation of Board and Audit presentation material
- Building dashboards to aid in monitoring actual versus expected loss emergence and identifying drivers to unexpected results
- Translate reserving results into cross-functional recommendations and strongly communicate them to executive team
What We Need:
- BA/BS in actuarial science, statistics, or a quantitative discipline
- 2-3 years of working experience in property & casualty insurance, preferably in reserving functions
- Technical proficiency in MS Office (especially Microsoft Excel), SQL
- Ability to break down and solve complex problems with strong business acumen & data driven techniques
- Excellent attention to detail and organizational skills, ability to multitask in a fast-paced environment with competing and shifting priorities
- High degree of reliability and integrity
- Team player with strong interpersonal skills, with good written and verbal communication skills
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 to participate in our equity incentive program and will also receive 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:
$107,000-$144,000 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
What We Do
The needs of business owners have significantly changed over the past decade, the insurance industry hasn’t. When you’re running your own business, you’re placing a huge bet on yourself. Your ideas, your passion, your blood, sweat and tears define your success. Next Insurance was created to give your business the coverage it deserves. Simple, affordable and tailored. So no matter what you do, no matter how you define success, we’re right there, next to you. Behind our groundbreaking AI-based technology there are hundreds of us. Data scientists, insurance advisors, product managers, designers & more. We are passionate about helping businesses achieve their goals & are committed to serve the needs of business owners. Even our three founders started their path as small business owners so they have been there and are committed to supporting the journey of your business.
Why Work With Us
Next Insurance is looking for explorers who are filled with curiosity, have the desire to travel the unbeaten path, and realize new heights in providing small business owners with the peace of mind to run their businesses. If you move fast, customer-focused, and willing to challenge the status quo, Next Insurance might just be your next journey.
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