hero

Find your next opportunity

Actuary (REMOTE)

Foresight Commercial Insurance

Foresight Commercial Insurance

Accounting & Finance
San Francisco, CA, USA
Posted on Oct 4, 2023

We are seeking an Actuary to provide support to the Insurance team. This role will provide a broad range of actuarial expertise to senior business leaders to guide market, pricing and risk appetite strategies for workers compensation and commercial P&C products. The best candidate is internally motivated, intellectually curious, capable of managing multiple priorities and independently building new infrastructure, and is driven to improve existing processes.

About Foresight

Far too many workers in high-risk industries are injured on the job, or worse, never make it home to their families at all. Foresight sees a future where workplace injuries are a thing of the past. We accomplish this through our two visionary brands: Foresight Insurance and Safesite.

As the insurer of the future, our workers’ compensation insurance brings real-time safety engagement technology and dedicated safety coaching together to turn insight into action, driving down business costs and reducing claims. Powered by our proprietary Safesite technology, we blend a custom-tailored safety program with dedicated consulting services, improving client safety behavior and helping eliminate accidents and claims. In a 2022 study, we demonstrated a capability to reduce claims frequency for clients by 18% in just the first year. Deploying the latest technologies into the field and capturing critical safety and risk data from the frontline workers, we link safety performance to insurance and pricing—informing our underwriters’ ability to provide a holistic and competitive quote to our brokers and clients.

Foresight is backed by strong global investors and completed an impressive Series B raise in 2022, bringing funds raised to $59 Million. Safesite’s innovative Safesite Score is patented. We consistently rank on numerous global top insurtech lists.

About our Culture

Our team of bright, energized, and motivated people come from a vast array of backgrounds and industries. They are drawn to Foresight by our purpose, our fresh approach to work/home balance and wellness, and by our commitment to our values: Simplicity, Tenacity, Comradery, Aim Higher, Home Safe, and Be Agile.

Our ideal candidates are dynamic self-starters with a sense of teamwork, a commitment to moving the insurance and safety industry forward, and an appreciation for the work and industries our clients dedicate themselves to.

Responsibilities

  • Lead refinement and development of risk portfolio analytical platform, and regularly communicate key insights to leadership
  • Build processes to streamline the manipulation and analysis of rating data
  • Refine and improve inputs into pricing strategies
  • Influence underwriting and deployment strategies through data-driven market analyses
  • Measure and report on rate adequacy; perform rate indications as needed
  • Maintain and improve pricing model
  • Collaborate and communicate directly with internal and external program leadership
  • Independently develop ad hoc analyses as assigned
  • Bachelor’s degree in Actuarial Science, mathematics or related field
  • Pricing or reserving experience with commercial insurance products preferred
  • 5-8 years of actuarial experience
  • Commercial insurance product experience required, workers compensation focus a plus
  • Associate of the Casualty Actuarial Society required; FCAS a plus
  • Familiarity with SQL or other data management tools a plus
  • Knowledge of the insurance industry, economic, accounting and statistical principles and practices, and the analysis and reporting of financial and statistical data
  • Ability to independently solve practical problems and deal with a variety of concrete variables in situations involving complex business and statistical situations including forecasting
  • Industry-leading career development opportunities
  • Competitive salary
  • Generous paid time off including 14 paid holidays, personal days and paid sick leave
  • Medical, dental, and vision insurance
  • Monthly wellness stipend
  • Home office equipment provided to create a comfortable and productive work set up
  • Learning and development stipend to use on courses, conferences, or other upskilling opportunities
  • 401(k)
  • Paid parental leave


As a fully remote company, the compensation range provided is based on a wide range of factors including, but not limited to, skill sets, experience, and other business and organizational needs and is based on national averages*. At Foresight it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $85,000 - $100,000 + bonus + equity.

*Location will be considered if the role is required to be located in a certain geographic area