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Actuarial Analyst

Lyft

Lyft

IT
Toronto, ON, Canada
Posted on Tuesday, July 2, 2024

At Lyft, our mission is to improve people’s lives with the world’s best transportation. To do this, we start with our own community by creating an open, inclusive, and diverse organization.

At Lyft, actuaries are more than risk modelers, they are trusted business advisors, with a key voice in our most important decisions. We partner with many groups across the organization to work on core products. Get ready to deploy your actuarial skills in innovative ways and team up with Engineering, Data Science, Operations, Finance, and Legal to solve complex pricing challenges. Our insurance solutions are evolving and the team is growing. We can’t wait to meet you!

Responsibilities:

  • Perform reserve study on various segments, present findings to management and senior leaders, collaborate with team members to produce the quarterly reserve memo
  • 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

Experience:

  • 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

Benefits:

  • 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 proudly pursues and hires a diverse workforce. Lyft believes 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. Lyft also strives for a healthy and safe workplace and strictly prohibits 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. Please contact your recruiter now if you wish to make such a request.

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.