Actuary, Pricing at Gravie

Minneapolis, Minnesota, United States

Gravie Logo
Not SpecifiedCompensation
Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Healthcare, InsuranceIndustries

Requirements

  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field
  • Completion of 4+ actuarial exams and progress toward ASA credential
  • 5+ years of actuarial experience, with exposure to underwritten health insurance products
  • Experience working with or alongside data scientists on predictive modeling initiatives
  • Strong analytical and problem-solving skills
  • Proficiency in Excel and comfort with tools like SQL, R, Python, or similar

Responsibilities

  • Support development and enhancement of pricing models, with a focus on underwritten business
  • Partner with data science to incorporate predictive models into actuarial pricing tools and workflows
  • Analyze emerging experience and market dynamics to inform pricing decisions
  • Assist in the design and testing of rating methodologies for new and existing products
  • Help ensure pricing accuracy, consistency, and regulatory compliance as needed
  • Communicate actuarial concepts clearly to both technical and non-technical audiences
  • Support internal stakeholders (underwriting, product, finance, sales) with data-driven insights
  • Champion the building of scalable pricing tools, documentation, and processes

Skills

ASA
Actuarial Modeling
Pricing Models
Predictive Analytics
Rating Methodologies
Underwriting
Experience Analysis
Regulatory Compliance
Data Analysis

Gravie

Health benefits and insurance solutions provider

About Gravie

Gravie provides health benefits by offering straightforward and affordable health plans, primarily targeting individuals and small to midsize businesses. Their main product, Comfort, stands out because it has no deductible and no copays for most common healthcare services, allowing members to access care without unexpected costs. Additionally, Comfort includes virtual care options for musculoskeletal and mental health issues. Gravie also offers a payment solution called Gravie Pay, which enables members to pay for healthcare expenses interest-free, further easing financial stress. Unlike traditional health plans, Gravie claims that Comfort members save on out-of-pocket costs, and employers switching to Gravie often see lower premium expenses. The company has a high retention rate, indicating that many employees choose to continue with the Comfort plan in subsequent years. Gravie's goal is to simplify health benefits and reduce the financial burden of healthcare for its members.

Minneapolis, MinnesotaHeadquarters
2013Year Founded
$333.3MTotal Funding
DEBTCompany Stage
Fintech, HealthcareIndustries
201-500Employees

Benefits

Health Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Holidays
Paid Vacation
Paid Sick Leave
Flexible Work Hours
Paid Parental Leave
Wellness Program
Alternative Medicine Coverage
Cell Phone Reimbursement
Transportation Perks
Education Reimbursement
Paid Paw-ternity Leave

Risks

Potential backlash from traditional insurers could increase competition or lobbying.
Rapid ICHRA adoption may invite regulatory scrutiny or changes.
Aggressive expansion strategy could strain resources and lead to inefficiencies.

Differentiation

Gravie's Comfort plan offers zero deductibles and copays, unlike traditional health plans.
Gravie Pay provides interest-free payment solutions, reducing financial burdens for members.
Focus on virtual healthcare services enhances accessibility and member satisfaction.

Upsides

Increased ICHRA adoption since 2020 expands Gravie's market opportunities.
Comfort plan's zero-deductible model attracts cost-conscious employers and employees.
Virtual healthcare services align with rising demand, boosting member engagement.

Land your dream remote job 3x faster with AI