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SalaryLocation: Palo Alto (hybrid)
NEXT's mission is to help entrepreneurs thrive. We're doing that by building the only technology-led, full-stack provider of small business insurance in the industry, taking on the entire value chain and transforming the customer experience.
Simply put, wherever you find small businesses, you'll find NEXT.
Since 2016, we've helped hundreds of thousands of small business customers across the United States get fast, customized and affordable coverage. We're backed by industry leaders in insurance and tech, and we still have room to grow — that's where you come in.
We're looking for a driven, hands-on Reserving Analyst to join the team to help build up and drive the reserving process for a rapidly advancing tech unicorn. Reporting to the Reserving Senior Actuary, this is a unique opportunity to be a part of the Actuarial function and collaborate with an unstoppable team. This is a highly visible role with the ability to directly impact key business decisions and financial outlook.
What You'll Do:
- Assisting with automating reserving process which include maintaining data templates, apriori initial loss ratio calculations, and ensuring integrity of data inputs into Arius reserving software
- Enhancing existing profitability monitoring dashboards which serve as company-wide communication on current state of the insurance segments
- Building benchmark tools, including loss trends, loss development factors and excess loss factors that will be used cross-functionally
- Assisting with preparation of Board and Audit presentation material
- Building dashboards to aid in monitoring actual versus expected loss emergence and identifying drivers to unexpected results
- Translate reserving results into cross-functional recommendations and strongly communicate them to executive team
What We Need:
- BA/BS in actuarial science, statistics, or a quantitative discipline
- Technical proficiency in MS Office (especially Microsoft Excel), SQL
- Ability to break down and solve complex problems with strong business acumen & data driven techniques
- Excellent attention to detail and organizational skills, ability to multitask in a fast-paced environment with competing and shifting priorities
- High degree of reliability and integrity
- Team player with strong interpersonal skills, with good written and verbal communication skills
The range displayed on this job posting reflects the minimum and maximum target for new hire salaries for the position in the location(s) listed. Within the range, individual pay is determined by additional factors, including, without limitation, job-related skills, experience, and relevant education or training. NEXT employees are eligible to participate in our equity incentive program and will also receive our benefits package, consisting of our partially subsidized medical plan, fully subsidized vision/dental options, life insurance, disability insurance, 401(k), flexible paid time off, parental leave and more.
US annual base salary range for this full-time position:
Don't meet every single requirement? Studies have shown that some underrepresented people are less likely to apply to jobs unless they meet every single qualification. At NEXT, we are dedicated to building a diverse, inclusive and respectful workplace, so 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 anyways. You may be just the right candidate for this or other roles.
One of our core values is 'Play as a Team'; this means making sure everyone has an equal chance to participate and make a difference. We win by playing together. Next Insurance is an equal opportunity employer and prioritizes building a diverse and inclusive workplace. We provide equal employment opportunities to all employees and applicants of any type and do not discriminate based on race, color, religion, national origin, gender, age, sexual orientation, physical or mental disability, genetic information or characteristic, gender identity and expression, veteran status, or other non-job-related characteristics or other prohibited grounds specified in applicable federal, state, and local laws. Next's policy is to comply with all applicable laws related to nondiscrimination and equal opportunity and will not tolerate discrimination or harassment based on any of these characteristics. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
