Product Actuary

About Ethos

Ethos was built to make it faster and easier to get life insurance for the next million families. Our approach blends industry expertise, technology, and the human touch to find you the right policy to protect your loved ones. Using predictive analytics, we are able to transform a traditionally multi-week process into a modern digital experience for our users that can take just minutes!

Our investors include General Catalyst, Sequoia Capital, Accel Partners, Google Ventures, SoftBank, and the investment vehicles of Jay-Z, Kevin Durant, and Robert Downey Jr. We are listed in Forbes’ Top 50 Fintechs of 2020. And for exciting news about our growth check out Life-Insurance Startup Ethos Valued at More Than $2.7 Billion. We are scaling quickly and looking for passionate people to protect the next million families!

What We're Looking For

Ethos is looking for an experienced actuary to join our team. You will be partnering closely with our actuarial, underwriting and product teams to identify opportunities to fine-tune and innovate our product, underwriting and pricing solutions.  You will also work with other teams to identify and pursue new product and distribution opportunities.  You will assist in identification of ideal industry partners and push them to accelerate the evolution of our product mix and risk practices to enable optimal customer experience.  

We are looking for someone who is excited by the prospect of doing the impossible and scaling a new insurance model at extraordinary speed. The right candidate will have expertise in life insurance products, underwriting and pricing; experience working with varied stakeholders internally and externally; and be able to think differently to create value and capitalize on unrealized opportunities in the market. This is a unique opportunity to drive the offerings for a brand that is quickly gaining a lot of national and global attention.

If this sounds like a match for you and what you are up to, please apply. We'd love to hear from you!

About You:

• Are self-motivated and persistent to seek answers in a fast-paced startup environment
• Have a bias for action and are comfortable managing internal and external relationships to achieve the same
• Have excellent written and oral communication skills, including understanding stakeholder needs and communicating credibly and effectively to your audience
• Are detail-oriented and have strong mathematical foundations

Duties and Responsibilities:

• Support the development and management of Ethos’ product and carrier strategy
• Bring new and innovative products to market by collaborating with internal and external stakeholders
• Work with internal and external partners to identify opportunities to evolve existing products or modify product placement to maximize business economics
• Determine insurance product pricing and features in cooperation with partner carriers
• Review pricing for new products and product enhancements. Assist in the negotiation with carrier partners.
• Proactively monitor the competitive landscape and sales funnel performance to drive price and product enhancements
• Develop and execute appropriate pricing technology and methods
• Develop and maintain detailed models of Ethos profitability and the impact of major profit levers for our carrier partners
• Collaborate with Product Performance to establish pricing assumptions
• Provide insights to the underwriting and user experience team to support and guide the continuous improvement of underwriting guidelines and requirements while improving the user journey
• Deliver new products and product enhancements
• Work with multiple stakeholders to gather product, rate and rule requirements that are needed to deploy new insurance products or product enhancements.
• Develop and maintain insurance product specifications
• Review filing requirements and assist in the preparation of filings for regulatory authorities when needed; this includes actuarial memo, indication, and modeling-related supporting exhibits.
• Ensure achievement of pricing objectives
• Close the loop on pricing, collaborating with Product Performance and across Ethos to establish appropriate measurement systems
• Influence product routing and underwriting strategies to increase profitability
• Support creating action plans to correct underperformance
• Identify surplus carrier profit and ways to deploy the surplus for growth
• Deliver performance overviews to carriers on a regular basis

Skills & Background:

• BS/BA in Mathematics, Statistics, or similar quantitative field
• FSA 
• Deep understanding of life insurance products, underwriting and pricing
• Demonstrated pricing capabilities coupled with effective documentation
• Excellent written and oral communication, including understanding stakeholder needs and communicating effectively to your audience

Everyone is welcome at Ethos. We are an equal opportunity employer who values diversity and inclusion and look for applicants who understand, embrace and thrive in a multicultural world. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. Pursuant to the SF Fair Chance Ordinance, we will consider employment for qualified applicants with arrests and conviction records.

#LI-Remote

#LI-AG1