Actuarial Reserving & Data Specialist

Akur8 is a young, dynamic, fast growing Insurtech startup that is transforming insurance pricing and reserving with transparent machine learning.

Our SaaS platform leverages the power of transparent machine learning and predictive analytics to inject game-changing speed, performance and reliability into insurers’ pricing and reserving processes.

Powered by skilled R&D, Product & Actuarial teams we’ve developed unique AI algorithms that automate the insurance pricing and reserving in an unprecedented way.

This results in a pricing solution which not only allows insurance companies to model their risks 10 times faster, with a higher predictive power than traditional methods, but which also incorporates next generation reserving functionalities, helping to predict and legislate for future claims, therefore constituting a major game changer for the insurance industry.

Akur8 has already been selected:

• In CB Insights Top 50 World Insurtech Companies 2023
• In Insurtech Global’s Top 100 AIFinTech list 2023
• In Fintech Global’s Top 100 AIFinTech list 2023
• As No.24 in Sønr’s World Top 100 Insurtech Companies 2022
• As 3rd best overall (worldwide) in the CodinGame 2022 Software Engineering Fall Challenge

With 35 nationalities within our team, and offices in Paris, London, New York, Tokyo, Milan, Cologne, Atlanta and Montréal, Akur8's solution is international by design. 

Servicing more than 250+ clients across 4 continents and targeting all non-life insurance carriers, we focus on more mature markets for faster expansion.

To learn more about Akur8, and what we do, click here.

Akur8 is, in all senses of the term, an equal opportunities employer. Akur8 puts diversity, equality and inclusion at the heart of its values. We examine all applications based on equal skills and applying the principles of non-discrimination.

Akur8 is one of the P&C insurance industry's leading insurtech companies, as well as being one of the foremost developers of innovative cloud-based and machine learning solutions for both actuaries and other sophisticated analysts. 

Our Actuarial Reserving & Data Specialists are responsible for providing expert support and driving process modernization for clients using our proprietary insurance reserving software, Arius. 

The role involves helping our industry leading clients to implement Arius into their operational workflow - including understanding their data, processes, and reporting requirements - and then training them on the use of our solution once it has been implemented. 

Playing an integral role in helping clients understand and resolve issues related to their use of our tools, the Actuarial Reserving & Data Specialist enables our clients to optimise their use of them. 

Key responsibilities of this role will include the following:

• Client relationship management: Building strong relationships with clients and partners, gaining a deep understanding of their business objectives and offering strategic guidance using our reserving solutions

• Client satisfaction: Proactively identifying and addressing potential issues or concerns clients may have using our solutions, therefore reducing the risk of product churn. Leveraging strong relationships with clients to monitor satisfaction levels, and providing timely solutions to ensure continued value and long-term retention.

• Client advocacy: Serving as advocate of the client within our company, gathering and sharing feedback with the sales and product teams to support ongoing improvement

• Solution mastery: Demonstrating a solid understanding of accepted insurance finance and actuarial calculations alongside bespoke reserving analysis concepts. Mastering common outputs and reporting needs of a reserve analysis.

• Assist with sales presentation: Being comfortable presenting our solutions to sophisticated buyers, effectively communicating the value our solutions provide, addressing the client's questions and needs, and demonstrating how our tools can drive client business success.

• Client training & implementation: Leading client training and implementation efforts by delivering customized onboarding experiences, ensuring seamless software adoption, and providing continuous support.

Training and support for solution partners: Developing and maintaining strong relationships with our delivery partners (key consulting and technology firms) to assist them in the delivery of training and support to our mutual clients.

Requirements

The successful applicant must meet each of the following criteria in order to be considered for this position (elements in bold are things, without which, we will be unable to consider your application):

• Bachelor's degree in Actuarial Science, Mathematics, Finance, Insurance, Accounting, or similar
• Minimum 3-5 years experience with P&C insurance, either in an Actuarial or Accounting department or in a Consulting role, or substantial experience with P&C insurance loss reserving
• Intermediate to advanced experience reading and writing Visual Basic or VBA, or proficiency with Python or R
• The capacity to relay technical information to non-technical audiences
• A proven track record of interacting with senior / C-level contacts
• Excellent written and spoken English language skills
• A willingness to travel both domestically and internationally (+/-5%)

BONUS CRITERIA

• Progress toward Associate in Casualty Actuary Society (ACAS) designation or equivalent experience in actuarial science
• Experience using either Arius or ResQ reserving solutions
• Experience using or building actuarial solutions, preferably with a strong understanding of the insurance reserving processes
• Having contributed to drafting of training materials and/or user-targeted documentation for work processes/products
• Demonstrated ability to manage client relationships, provide strategic guidance, and lead software implementations
• Experience managing projects, including working with various levels of management, IT, and analyst roles

LOCATION

Our team is located in Atlanta, Montréal, and New York City and, as such, preference will be shown to candidates who are either local or willing to relocate. 

However, we are willing to consider candidates who are not based in one of our locations or who cannot relocate, should they possess the ideal skill set.

Important: You must possess an employment status that will allow work in either the United States or Canada.

Benefits

As a newcomer, you'll be joining a diverse, highly skilled and motivated team, with a strong Tech DNA, colleagues that are eager to share their knowledge and passion.

But it’s not all work, you’ll also be part of a dynamic team that enjoys spending time together and having fun, including karaoke, team lunches, playing sports as well as the occasional ‘happy hour’.

In addition to this, we will provide you with:

• Competitive salary + annual bonus
• Health insurance, Dental and Vision coverage (including spouse and family coverage)
• 401K Company match
• Life insurance
• Cell Phone & Internet reimbursement
• Generous vacation policy
• Commuter  benefit
• Gym membership via ClassPass
• IT equipment allowance

Additional benefits:

• Onboarding at our Paris HQ
• Professional development & French classes
• Casual dress code
• Team fun: regular company gatherings and team events
• Fun goodies