Actuarial Product Manager

Akur8 is a young, dynamic, fast growing Insurtech startup that is revolutionizing insurance pricing with transparent AI.

Since 2016 our skilled R&D team of Data Scientists, Software Engineers and Actuaries has developed unique AI algorithms that automate the insurance pricing process in an unprecedented way.

Our solution is a SaaS platform which allows insurance companies to model their risks 10 times faster, with a higher predictive power than traditional methods. constituting a major game changer for the insurance industry.

Akur8 has been already been selected:

• In CB Insights Top 50 World Insurtech Companies 2022
• In Fintech Global’s Top 100 AIFinTech list 2022
• As No.24 in Sønr’s World Top 100 Insurtech Companies 2022
• As 3rd best overall (worldwide) in the CodinGame 2022 Software Engineering Fall Challenge

With 31 nationalities within our team, and offices in Paris, London, New York, Tokyo, Milan & Cologne, Akur8’s solution is international by design. Servicing 85 clients across 3 continents and targeting all non-life insurance carriers, we focus on more mature markets for faster expansion.

To learn more about Akur8, and what we do, click here.

To learn more about our Product Team, click here.

Akur8 is, in all senses of the term, an equal opportunities employer. Akur8 puts diversity and inclusion at the heart of its values. We examine all applications based on equal skills and applying the principles of non-discrimination.

Being an Actuarial Product Manager at Akur8 means belonging to the team which is the driving force of our innovation, emphasizing the aspects of strategy and planning over those of hands-on coding and development.

Insurance pricing is a complex process spanning across statistical modeling, visualizations and team collaboration.

Akur8 software strives to increase efficiency, performance and transparency of the pricing workflow, by designing flexible modules and processes leveraging Akur8’s proprietary machine learning algorithms.

The Actuarial Product Manager envisions and conceptualizes key features in order to empower the actuary of the future.

Being a transverse role, it provides a wide range of interactions with all of our internal teams (Design, R&D, Sales, Marketing), requiring a good understanding of how the different parts of our platform interact together (knowledge that you will gain both during your onboarding period and on an ongoing basis).

Furthermore, it involves discussions with our clients in order to understand their needs and - consequently - ourvalue proposition and opportunities for further development or product evolution.

Charged with the responsibility to both take and influence decisions regarding the different components of our product (whether independently or as part of a committee, according to strategic importance), this role requires a strong understanding of both mathematical modeling & data science necessary in order to participate in round-table discussions with our internal teams.

Over time, you’ll gather market information, extract the relevant elements and schedule the planning of product development to the next level. This includes:

• Being a driving force for a whole product section
• Focusing on the ‘why’ behind building features, and determine prioritizations
• Cultivating a product-oriented culture within the company

Main responsibilities

• Constantly acquiring a deep understanding of pricing techniques
• Designing proper solutions and develop plans for successful delivery
• Conducting experiments with internal teams and partners
• Prioritizing and scoping feature development for the squads
• Animating training sessions for clients, prospects as well as within the company

Requirements

For this key role within our Product Management team we’re keen to speak to applicants that meet the following criteria:

• A Masters degree in a quantitative discipline
• 3+ years experience in the Actuarial or Machine Learning fields as a Pricing Actuary, Insurance Product Manager, Actuarial Consultant or Data Science Consultant.
• Must have a sound knowledge of Machine Learning techniques, with a focus around model validation

• Excellent communication and interpersonal skills, to enable effective communications with developers, Actuarial Data Scientists and clients.
• Problem-solving skills coupled with a curious mindset
• Quick learner and highly autonomous, to ramp up to the required holistic understanding of insurance pricing and deliver value to the end customers.
• Highly collaborative, you enjoy working as part of a team

• Fluent English language skills

Additional pluses:

• Experience in non-life / P&C insurance
• French language skills

Benefits

You'll join a highly skilled and motivated team that is willing to share their knowledge and passion for advanced data science, computer science and actuarial sciences. In addition to this we provide:

• Competitive salary
• Annual bonus
• Company shares / equity
• Hybrid office / home office policy
• 25 days of paid holidays + RTT
• Gym membership with Gymlib
• On-site gym facilities / corporate sporting activities
• Swile lunch vouchers
• Excellent health insurance (including possibility of family coverage)
• Relocation support
• Sponsored crèche access
• Beautiful office in the heart of the 9th arrondissement of Paris
• Free cafeteria with fresh fruit, drinks and snacks