Actuary

Company Overview

Cover Genius operates as a global platform enabling embedded insurance protection, serving over 60 countries and the entire US market. With more than 73 million customers covered across 240 million policies and $3.2 billion in gross written sales, the company partners with major digital brands including Klarna, Revolut, Stripe, Priceline, Agoda, and Uber. Backed by a recent $100 million funding round and achieving 40% year-over-year growth, Cover Genius is advancing its AI-driven strategy to innovate insurance product personalization, distribution, and claims automation.

Role Summary

Embedded within the Americas Team, the Actuary will provide expertise in pricing, portfolio segmentation, and management to support expanding insurance offerings. This position involves collaborating closely with both internal teams and external underwriters, leveraging analytics to optimize product value and inform strategic recommendations.

Key Responsibilities

• Apply actuarial pricing techniques to develop pricing models, risk evaluations, and product strategy suggestions.
• Assist in launching new products through pricing assessments and underwriting guideline formulation.
• Review rate developments, monitor loss ratios, and support product lifecycle stages alongside insurance partnership teams.
• Collaborate with Data, Platform, and Data Science departments to innovate insurance products.
• Communicate insights to internal and external stakeholders to strengthen insurer and reinsurer relationships.
• Maintain a proactive and solution-oriented demeanor when addressing stakeholder inquiries.
• Continuously seek process improvements to reduce inefficiencies and risk exposures.
• Enhance expertise in relevant software tools for pricing, modeling, and dashboard creation.
• Develop and oversee dashboards tracking loss ratio performance across various markets.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or Data Science.
• Associate or Fellow level certification as an actuary.
• Minimum five years of actuarial experience, specifically in property and casualty or non-life insurance sectors.
• Strong mathematical, analytical, and technical capabilities.
• Proficiency with SQL and Microsoft Excel; programming skills in R and/or Python are advantageous.
• Demonstrated ability to build and maintain relationships with internal teams and external partners.
• Excellent communication and presentation skills tailored to diverse audiences.
• Exceptional organizational skills with the ability to independently initiate projects.
• Comfortable adapting to fast-paced, startup-like environments.

Personal Attributes

• Self-motivated and proactive in identifying and solving challenging problems.
• Energetic, approachable, and effective in engaging non-actuarial colleagues.
• Meticulous attention to detail.
• Professional and confident in interactions.
• Innovative thinker with a drive to implement improvements beyond conventional approaches.

Company Culture and Values

• Deliver with urgency and high standards to make a meaningful impact daily.
• Take ownership and accountability for commitments and results.
• Foster a collaborative environment focused on collective growth and knowledge sharing.
• Encourage innovative thinking and mutual inspiration to exceed goals.
• Prioritize customer-centric approaches that build trust and simplify complexity.

Legal and Data Privacy Information

Cover Genius is committed to diversity and inclusivity, firmly opposing discrimination or harassment of any kind. Applicants consent to the processing of personal data for recruitment, with the potential use of AI tools to assist application sorting; however, final hiring decisions remain human. Candidate data will be retained for up to three years. Detailed privacy policies are available upon request.

Compensation

The salary range for this position in Canada spans from CAD 115,000 to CAD 145,000, depending on experience.