Actuary

Location: Palo Alto, CA OR Waltham, MA (hybrid)

NEXT’s mission is to help entrepreneurs thrive. We’re doing that by building the only technology-led, full-stack provider of small business insurance in the industry, taking on the entire value chain and transforming the customer experience. 

Simply put, wherever you find small businesses, you’ll find NEXT.

Since 2016, we’ve helped hundreds of thousands of small business customers across the United States get fast, customized and affordable coverage. We’re backed by industry leaders in insurance and tech, and we still have room to grow — that’s where you come in. 

You will be empowered to act autonomously and leverage your expertise to affect change. You’re expected to be a trusted partner to the GL insurance product managers and make sound business recommendations to leadership backed by impactful analyses. You will take a hands-on approach on the day to day and have a firm pulse on the status and trajectory of the line. You will take an active role in the decision making process at Next and in shaping the growth and profitability of the line.

What You’ll Do:

• Be the #1 subject matter expert at Next related to the pricing of the general liability product
• Build and enhance actuarial methodologies around loss ratio forecast, rate indications, insurance analytics, and P&L management
• Partner with Insurance Product Managers to drive future product developments
• Build predictive models in Akur8, perform impact analyses, and support product filings
• Perform competitor and market research
• Partner with data science and data engineering to enable future-proof data architecture 
• Deliver actuarially sound recommendations to senior management
• Provide ad hoc support to other business partners, including but not limited to reinsurance, finance, distribution, claims, and growth teams. 
• Meet evolving business needs

What we Need:

• ACAS mandatory, FCAS preferred 
• 6+ years of actuarial experience; commercial insurance and product management experience preferred
• Accountability and pride in own work product - instill confidence in leadership
• Communication and collaboration - work effectively with cross functional partners
• Gritty, self-driven personality - embrace challenges and are excited about unexplored possibilities
• Intellectual curiosity - dig deep and solve complex business problems
• Leadership mindset - identify business needs and drive solutions to meet them
• Expertise with some or all of the following software: Tableau, SQL, Python, MS Office, Google Suite