Steadily

Actuary

Overland Park, Kansas, United States

$120,000 – $160,000Compensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Position Overview

  • Location Type: Onsite, Remote, Hybrid
  • Employment Type: Full-Time
  • Salary: $120k - $160k (Salary) + Equity
  • Company: Steadily – an insurance technology company specializing in rental property insurance.
  • Brief Description: Steadily is seeking a highly motivated and experienced Actuary to contribute to the growth and profitability of their Direct Property (DP) products nationwide. This role offers the opportunity to work with a talented team and shape the future of the company.

Requirements

  • Experience: Minimum of four years of experience in the insurance industry.
  • Product Knowledge: Experience managing property products, preferably personal lines (HO or DP).
  • Market Understanding: Strong understanding of the current US property market.
  • Actuarial Accreditation: Nearing actuarial accreditation with the Casualty Actuarial Society (CAS), having passed a minimum of 5 actuarial exams.
  • Skills:
    • Builder's mindset – ability to take projects and products from inception to launch.
    • Bias towards action.
    • Exceptional tech savvy and product sense.
    • Strong technical and analytical skills.

Responsibilities

  • Product Growth & Profitability: Responsible for the growth and profitability of DP products nationwide.
  • Pricing & Modeling: Develop industry-leading approaches to rating, exposure management, and capital modeling.
  • Pricing Enhancement: Develop pricing for new products and enhance pricing of existing products.
  • Geographic Expansion: Expand the product into new geographies.
  • Data Analysis: Analyze the drivers of profitability (loss ratios, actuarial indications, frequency/severity trends, retention, etc.).
  • Rate Filings: Manage rate filings across multiple states.
  • Innovation: Drive innovation by finding new and different ways to price better than traditional solutions.
  • Performance Improvement: Develop and implement robust data-driven action plans to continually improve performance.

Compensation and Benefits

  • Salary: $120k - $160k
  • Equity: Offered in the company
  • Paid Time Off: 3 weeks + 6 federal holidays
  • Health Insurance: Comprehensive plan including Medical, Dental, Vision, Life, Disability, HSA, FSA
  • Retirement: 401K
  • Perks: Free snacks and regular team lunches

Locations

  • Overland Park, KS
  • Austin, TX
  • Remote
  • Relocation assistance available for out-of-state candidates

Why Join Us

  • Experienced Founders: The company’s founders have three successful startups under their belt.
  • Top-of-Market Compensation: Competitive salary and equity.
  • Early-Stage Opportunity: Opportunity to wear many hats and shape the company’s direction.

Skills

Property Products
DP Insurance
Actuarial Modeling
Rate Filings
Capital Modeling
Pricing
Exposure Management
US Property Market

Steadily

Provides comprehensive landlord insurance nationwide

About Steadily

Steadily provides landlord insurance across the United States, focusing on comprehensive coverage for property owners. Their insurance policies protect against various risks, including property damage from fires, leaks, storms, and vandalism, as well as liability for injuries that occur on the property. Unlike many competitors, Steadily offers coverage for vacant properties and those under restoration, ensuring landlords have protection regardless of their property's status. The company aims to deliver affordable insurance with competitive rates and no hidden fees, allowing landlords to quickly purchase policies and start coverage within minutes.

Austin, TexasHeadquarters
2020Year Founded
$58.5MTotal Funding
SERIES_BCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Benefits

Health Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Equity in the company
Hybrid Work Options

Risks

Increased competition from insurtech startups like Latchel could impact market share.
Challenges in integrating with platforms like BNB Calc may affect service delivery.
Reliance on partnerships like Guesty may not yield expected customer acquisition results.

Differentiation

Steadily offers comprehensive landlord insurance with quick coverage and no hidden fees.
The company integrates with platforms like Guesty for enhanced property management solutions.
Steadily provides specialized coverage for natural disasters, vandalism, and civil commotion.

Upsides

Steadily raised $28.5M in Series B funding to scale its offerings.
Integration with AI-driven tools can improve underwriting accuracy and customer satisfaction.
The rise of short-term rentals expands the market for Steadily's insurance products.

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