Actuarial Co-op

Simply Business is more than our name. It's how we approach insurance: Make it clear. Make it simple. Make it affordable. By combining exceptional talent, technology, data, and knowledge, Simply Business is the go-to online insurance brokerage that protects small businesses and the entrepreneurs who work hard to build them. 

We want team members who have the drive to challenge boundaries. If you’re smart and passionate about delivering brilliant customer experiences, we’d love to hear from you.

As a dedicated Actuarial Co-op, you will work in tandem with the team’s actuary to learn how to price new and existing products and evaluate profitability. You will also have the opportunity to collaborate with colleagues cross-functionally to support the business. This position will be based in our Boston, MA office.

What will I learn?

• Partner with actuary to learn how to complete rate indications, pricing factor development, state filing support, live testing of pricing changes and how to monitor results
• Learn how to form reserve opinion from claims data and communicate results to key stakeholders
• Develop technical acumen through coding new models in Python and SQL
• Monitor key business metrics and recommend changes to enhance sophistication of the rating plan
• Perform ad hoc analyses as needed by the team

What you have:

• Pursuing a Bachelor’s Degree in Statistics, Mathematics, Actuarial Science or other quantitative field
• Enthusiasm for learning and asking questions
• Ability to communicate to a non-technical audience
• Passion for problem solving and strong analytical skills
• Ability to work both collaboratively and independently in a fast-growing environment

What we offer:

• The pay range for this position is $25 hourly.




• Applications for this position are accepted on an ongoing basis. Candidates are encouraged to apply at any time that this posting remains open.

What are the benefits?

Here are some of the great benefits and perks that come from being a Simply Business employee:

-Group plan for medical, dental, vision, and prescription drug coverage

-Short term disability, long term disability, and life insurance coverage

-Participation in the Company’s bonus program

-Participation in 401(k) plan with a 5% employer match

-Commuter benefits to help cut down on parking and public transit costs

-25 days of vacation time plus 10 sick days and 10 company holidays

-A genuine investment in your learning and development

-Regular team outings, and volunteer opportunities 

-An awesome office space

-A hybrid working model, giving our employees great choice and flexibility to work in a way that’s best for their particular job, their teams, and their lives.

Simply Business is an equal opportunity employer. We’re committed to welcoming and helping employees grow within an inclusive & diverse culture. And that commitment starts with our interview process. 

Once you apply, your info will be reviewed in a committee with employees from different levels, teams, and experiences. We pride ourselves on fostering a sense of community, which is only made stronger by each individual at SB, so you’ll have the opportunity to meet a variety of people throughout the process. Get excited!

Most of our first round interviews will take place over Zoom; however, further through the process there may be the opportunity/expectation to meet members of the team in-person. 

If it looks like you could be a good fit for the role, we’ll ask you to interview on Zoom first regardless – you’ll need WiFi and a laptop, or a 4G-enabled smartphone. If you don’t have access to either of these, or you need support with your application, get in touch with us at [email protected].

Please email us with any questions or if you want to pause your application for a bit – we’ll be happy to keep you updated on future opportunities like the one above.

Want more info on working at Simply Business? Check out our careers page: https://www.simplybusiness.com/careers/