Root Inc.
Root Inc.
1,001 – 5,000 Employees
AutomotiveConsultingInsurance
Root Inc. is a consumer auto insurance company that uses a mobile app and smartphone-based telematics to assess driving behavior and price policies, with safer driving generally influencing rates. Its app supports quotes, policy management, claims filing, and a test-drive period for collecting driving data. Root also offers roadside assistance and other coverage options across many U.S. states, serving drivers interested in usage-based insurance.

Principal Corporate Actuary – Root Inc. (US Remote)

Lead capital modeling, enterprise risk management, reinsurance, and reserving for Root’s technology-driven US auto insurance business. Build actuarial models and deliver insights that support strategic risk and financial decisions.

Description

  • Build and enhance internal capital models that guide risk appetite, reinsurance strategy, and financial planning
  • Support stress testing, ORSA scenario design, and economic capital analysis
  • Help develop and improve ERM frameworks, risk registers, and associated processes
  • Evaluate and support the placement of quota share, excess-of-loss, and catastrophe reinsurance programs
  • Partner with brokers and internal stakeholders to assess the financial effects and capital advantages of reinsurance alternatives
  • Model how reinsurance affects earnings volatility, surplus protection, and RBC
  • Perform monthly reserving analyses and related processes
  • Assess trends, variances, and reserve adequacy across business lines and coverage types
  • Support regulatory submissions and the appointed actuary
  • Work cross-functionally with Data Science, Finance, Accounting, Underwriting, and Claims
  • Communicate technical conclusions to both technical and non-technical audiences
  • Advance process automation, analytics, and actuarial tools with R, Python, SQL, GenAI, and internal platforms

Requirements

  • Bachelor’s degree in actuarial science, mathematics, statistics, or another discipline with a strong mathematics foundation preferred
  • ACAS or FCAS credential
  • At least 6 years of actuarial experience in property and casualty insurance
  • Preferred experience with capital modeling, ERM, reinsurance, and/or reserving
  • Proficiency in R or Python, SQL, and GenAI tools
  • Familiarity with capital modeling software; custom model development is advantageous
  • Track record of cross-functional collaboration and clear communication of actuarial insights
  • Strong analytical ability and meticulous attention to detail
  • Able to mentor junior colleagues and/or manage direct reports when needed
  • Must appear on camera during virtual interviews

Benefits

  • Eligibility for a competitive bonus
  • Equity award opportunity
  • Flexibility to work from any preferred location within the United States
  • Occasional travel for team meetings, broker conversations, or industry events
  • Reasonable accommodation available during the hiring process for qualified applicants with disabilities

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