Senior Actuarial Analyst

Open Lending provides automated lending services to financial institutions, leveraging the power of Machine Learning and predictive analytics to deliver risk-based pricing – all backed by the security of our insurance carrier partners.

Before taking the company public in 2020, Open Lending ranked among Austin’s fastest-growing, privately held companies. Starting in 2013, the company placed for seven consecutive years on the Austin Business Journal’s Fast 50 list. Additionally, Open Lending has been named as a top workplace by both the Austin Business Journal and the Austin American Statesmen.

The Opportunity

We are seeking an innovative Senior Actuarial Analyst to join our growing Actuarial team. The Senior Actuarial Analyst will be responsible for developing and maintaining models used for the Lenders Protection® program. The ideal candidate will have strong analytical and communication skills, with 4-5 years of actuarial experience.

Three Reasons Why to Apply

Constantly innovate: Dive into a setting where machine learning, predictive analytics, and creativity are embraced.

Opportunity for growth: Sharpen your technical skills, identify, and present opportunities discovered within our data, and work directly with executive leadership within the organization and with our partners.

Company culture: We have a tight-knit organization with a no-blame attitude focused on supporting the success of the company and its people.

What You’ll Do:

• Analyze model performance and identify opportunities for enhancement using advanced predictive analytics
• Use problem-solving and strategic thinking to achieve the goals of Open Lending, it’s insurance carrier partners, and our lender customers
• Communicate complex pricing concepts to senior leadership and non-technical stakeholders in a clear and concise manner
• Bring your domain knowledge, specifically in property and casualty insurance and risk management to cross-functional teams within the organization. Work closely with other departments such as Risk, Claims, Data, and IT to deliver valuable solutions to business problems
• Continue to develop your actuarial skillset through ongoing education, training, and progression through actuarial exams

What You’ll Bring:

• BS in Actuarial Science, Mathematics, Statistics, or a related field
• Near ACAS or better with 4+ years of actuarial experience, preferably in a pricing role
• Proficiency in SQL
• Proficient with statistical programming languages like Python or R and data visualization software such as Power BI or Tableau
• Excellent analytical and problem-solving skills
• Strong communication skills, both written and verbal

Benefits and Perks:

• Medical, dental, life and short-term and long-term disability insurance (company pays 100% of the premium for employee and 100% of the premiums for family plans after 2 years of coverage)
• Total annual cash compensation includes base salary and bonus, plus participation in the incentive plan for non-commissioned employees
• Unlimited PTO
• 401k plan with match
• Eligible for long-term equity compensation
• WFH option
• Free onsite covered parking
• Paid parental leave for new parents
• Onsite gym
• Free snack options