Actuarial Analyst

7 days ago

Toronto, Ontario, Canada Lyft Full time
About the Role

At Lyft, our mission is to revolutionize the transportation industry by creating a seamless and efficient experience for our users. As an Actuarial Analyst, you will play a critical role in helping us achieve this mission by providing expert analysis and guidance on risk management and pricing strategies.

Key Responsibilities
  • Develop and maintain complex risk models to inform business decisions and optimize pricing strategies
  • Collaborate with cross-functional teams, including Engineering, Data Science, and Finance, to identify and mitigate risks
  • Design and implement data-driven solutions to improve pricing accuracy and reduce risk
  • Provide expert analysis and recommendations to senior leaders on risk management and pricing strategies
  • Develop and maintain documentation of key assumptions and methods to support risk controls
  • Assist in building and maintaining tools and dashboards used for loss development analysis and trend identification
  • Generate the reserving templates and provide support with the Actual vs Expected analysis
  • Collaborate with senior team members to enhance monthly performance metrics and modernize various reserving tools using scripting language
  • Contribute to the evaluation of reserving methodologies and work towards improving accuracy using conventional and new techniques
  • Support the financial reporting process by providing key actuarial inputs and analysis
  • Collaborate with cross-functional teams to ensure timely completion of tasks
  • Take ownership of the tasks assigned and drive insightful analysis
Requirements
  • Bachelor or equivalent degree in Actuarial Science, Math, Statistics, Economics, or similar
  • At least 3 CAS exams is required
  • 1-2 years of relevant internships, or entry-level experience in P&C actuarial field (flexible scheduling during exam preparation and continuing education support for FCAS; we want to be part of your career development)
  • Experience or knowledge in reserving, pricing or modeling is a plus
  • Personal or commercial auto insurance experience required
  • Very Strong Excel; experience with SQL and R (or Python) and an interest in coding/automation is preferred
  • Great communication and presentation skills
  • Strong organization and time management skills
  • Balance attention to detail with fast-pace Lyft environment
  • Passionate about actuarial science and eager to learn and grow
  • Highly innovative
What We Offer
  • Extended health and dental coverage options, along with life insurance and disability benefits
  • Mental health benefits
  • Family building benefits
  • Access to a Health Care Savings Account
  • In addition to provincial observed holidays, team members get 15 days paid time off, with an additional day for each year of service
  • 4 Floating Holidays each calendar year prorated based off of date of hire
  • 10 paid sick days per year regardless of province
  • 18 weeks of paid parental leave. Biological, adoptive, and foster parents are all eligible
Lyft's Commitment to Diversity and Inclusion

Lyft proudly pursues and hires a diverse workforce. We believe that every person has a right to equal employment opportunities without discrimination because of race, ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, gender identity, gender expression, age, marital status, family status, disability, pardoned record of offences, or any other basis protected by applicable law or by Company policy. We also strive for a healthy and safe workplace and strictly prohibit harassment of any kind. Accommodation for persons with disabilities will be provided upon request in accordance with applicable law during the application and hiring process.

This role will be in-office on a hybrid schedule — Team Members will be expected to work in the office 3 days per week on Mondays, Thursdays and a team-specific third day. Additionally, hybrid roles have the flexibility to work from anywhere for up to 4 weeks per year.

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