Senior Manager, Actuarial Pricing

Kin is on a mission to change home insurance from what it is to what it should be. Whether we’re leveraging data to create customizable coverage or providing claims service that goes above and beyond expectations, our members are at the heart of everything we do. In the face of ever-growing climate risk, they deserve an insurance company that cares about them. We aim to stick with our members through thick and thin.

We use efficient technology that lets homeowners buy directly from us to keep costs down. This is the essence of Kin. Our approach has fostered amazing growth, attracted marquee investors, and earned us accolades, including being named to:

• Built In Chicago's Best Places to Work, Midsize Companies (2021-2024).

• Forbes' America's Best Startup Employers (2021- 2023).

• Inc. 5000 Fastest-Growing Private Companies.

• Forbes’ Fintech 50.

Simply put, our people are what make us great – we need forward-thinking, inspired game-changers like you to join us in our mission.

So, what’s the role?

The Senior Manager, Actuarial Pricing role combines deep actuarial expertise, an analytical mindset, and strong communication skills to ensure rate adequacy, granular pricing, and market competitiveness. As a key member of our actuarial team, you will play a pivotal role in shaping Kin’s pricing strategy. 

You'll be responsible for managing & overseeing the actuarial pricing team, consisting of credentialed actuaries & actuarial students. In addition, you’ll be responsible for overseeing our indication process / methodology, and continuously evaluating existing rating algorithms to ensure accurate pricing segmentation. You will partner closely with our insurance product team to develop, align on, and implement rate changes, working closely with the regulators in each state.

Lastly, you’ll have an opportunity to partner closely with our tech product & engineering team to drive automation & enhancements to the rating process. We like innovative thinkers, and encourage you to build upon traditional actuarial methods.

A day in the life could include: 

• Collaborating with the insurance product team, and executive leadership, to develop, align on, and implement rate changes

• Leading, mentoring, and developing the actuarial pricing team

• Developing enhancements to our indication process, incorporating factors such as reinsurance, reciprocal model, and multiple perils

• Partnering with the tech product team to develop and drive enhancements & automation to the rating process

• Engaging with regulators on filings, rate hearings, etc…

• Partnering with the insurance product team on a cohesive roadmap for state / product pricing reviews, while ensuring alignment with the leadership team

• Staying up-to-date with internal and external factors impacting actuarial analyses, including legislative changes, reserve practices, changes to the corporate structure, etc…

• Preparing rate filings, ensuring compliance with regulatory requirements in each state

• Developing memos on various topics, including rate analyses, educating others on actuarial work, and reconciling actuarial & financial results

I’ve got the skills… but do I have the necessary ones?

• FCAS (exam 6 [US])

• Experience working in catastrophe prone geographies, and integrating cat modeling / reinsurance into actuarial analysis

• 10+ years experience in homeowners actuarial pricing, including indications & segmented rate analysis

• At least 3 years directly managing actuarial teams, with a proven ability to develop talent, foster collaboration, and drive results

• Experience responding to DOI requests / market conduct exams / rate hearings

• Proficient in excel

• Experience preparing rate filings and working with regulators

Bonus Points:

• Direct experience with Florida, Texas, and/or California residential property insurance

• Advanced degree / experience in coding, preferably with SQL, and Python / R

• Experience testifying at rate hearings

• Exposure to auto actuarial work

• Exposure to risk management

Oh, and don’t worry, we’ve got you covered! 

We offer a comprehensive benefits program, allowing you to choose the benefits that are best for you and your family including Medical, Dental, Vision, Life Insurance, and Disability Insurance options, an Employee Assistance Program, as well as elective voluntary benefits such as accident insurance, hospital indemnity, critical illness, legal assistance and pet insurance.  

• In addition to these benefits, we also are excited to offer the following: 

  • Competitive salary and equity  

  • 401K with a company match of up to 4%  

  • Flexible PTO for exempt employees, along with 8 company-observed holidays 

  • A paid parental leave program that provides 100% salary continuation of up to 14 weeks for birthing parents and 8 weeks for non-birthing parents 

  • Continuing education and professional development opportunities

Kin will accept applications for the role until May, 26th, 2025

For Sales Agents and Customer Service Agents: These roles sit in any of the following 30 states: AL, AZ, CO, FL, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MT, NC, NE, NM, NV, NY, OH, OK, PA, SC, TN, TX, UT, VT, VA, WA, and WI.

For all other positions, these roles can sit in any of the following 40 states: AL, AR, AZ, CA (exempt only), CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, MA, ME, MD, MI, MN, MO, MT, NC, NE, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VT, VA, WA, and WI. Please only apply if you are able to live and work full-time in one of the states listed above.

State locations and specifics are subject to change as our hiring requirements shift.

About Kin

Kin is the only pure-play, direct-to-consumer digital insurer focused on the growing home insurance market. We make policies convenient and affordable through a technology platform that delivers a seamless user experience, customized options for coverage, and fast, high-quality claims service. Kin is a fully licensed carrier that offers coverage through its reciprocal exchanges which are owned by its policyholders. To learn more, visit www.kin.com.

EEOC Statement

Kin is proud to be an Equal Employment Opportunity and Affirmative Action Employer. We don't just accept difference – we honor it, nurture it, and celebrate it. We don’t discriminate based on race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.