Job description
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.
We leverage deep technology and data science to streamline the life insurance process, making it more accessible and convenient. 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! We’ve issued billions in coverage each month and eliminated the traditional barriers, ushering the industry into the modern age. Our full-stack technology platform is the backbone of family financial health.
We make getting life insurance easier, faster and better for everyone.
Our investors include General Catalyst, Sequoia Capital, Accel Partners, Google Ventures, SoftBank, and the investment vehicles of Jay-Z, Kevin Durant, Robert Downey Jr and others. This year, we were named on CB Insights’ Global Insurtech 50 list and BuiltIn’s Top 100 Midsize Companies in San Francisco. We are scaling quickly and looking for passionate people to protect the next million families!
About the Role:
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!
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
Qualifications and Skills:
- 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
- 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
#LI-Remote
#LI-TT2
The US national base salary range for this full-time position is $158,000 - $280,000. Our salary ranges are determined by role, level, and location. The range displayed on each job posting reflects the minimum and maximum target for new hire salaries for the position across all US locations. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training.
Please note that the compensation details listed in US role postings reflect the base salary only and do not include applicable bonus, equity, or benefits.
You can find further details of our US benefits at https://www.ethoslife.com/careers/
Don’t meet every single requirement? If you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway. At Ethos we are dedicated to building a diverse, inclusive and authentic workplace.
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.
To learn more about what information we collect and how it may be used, please refer to our California Candidate Privacy Notice.
Don’t meet every single requirement? If you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway. At Ethos we are dedicated to building a diverse, inclusive and authentic workplace.
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.
To learn more about what information we collect and how it may be used, please refer to our California Candidate Privacy Notice.
