At Lyft, our purpose is to serve and connect. We aim to achieve this by cultivating a work environment where all team members belong and have the opportunity to thrive.
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:
- Conduct reserve studies on various segments, present findings to management/senior leaders, and collaborate with team members to produce the quarterly reserve memo.
- Maintain documentation of key assumptions and methods for risk control.
- Develop tools and dashboards for loss analysis and trend identification.
- Provide innovative solutions to enhance performance metrics and modernize reserving tools.
- Refine reserving methodologies for improved accuracy using diverse techniques.
- Provide actuarial inputs for accurate and timely financial reporting.
- Collaborate with cross-functional teams to complete projects efficiently.
- Take ownership of tasks, delivering insightful and actionable analysis that supports business objectives
- Coach and mentor team members to facilitate their development and foster an environment of innovation and collaboration
Experience:
- Bachelor's degree in Actuarial Science, Math, Statistics, Economics, or related field.
- Near ACAS or ACAS designation, with flexible scheduling during exam preparation and support for FCAS continuing education. We want to be part of your career development!
- 3-5 years in P&C actuarial roles, focusing on reserving, pricing, or modeling.
- Experience in personal or commercial auto insurance is required, with a strong understanding of industry-specific challenges and opportunities
- Proficiency in SQL for data manipulation and analysis
- Experience in programming, particularly with visualization libraries in Python or R
- Advanced Excel skills, with an interest in coding and automation is preferred
- Strong communication skills for explaining complex concepts.
- Excellent organizational and time management abilities.
- Passionate about actuarial science and eager to learn and grow.
- Innovative, with a history of creative problem-solving.
Benefits:
- Extended health and dental coverage options, along with life insurance and disability benefits
- Mental health benefits
- Family building benefits
- Child care and pet benefits
- Access to a Lyft funded Health Care Savings Account
- RRSP plan to help save for your future
- In addition to provincial observed holidays, salaried team members are covered under Lyft's flexible paid time off policy. The policy allows team members to take off as much time as they need (with manager approval). Hourly team members get 15 days paid time off, with an additional day for each year of service
- Lyft is proud to support new parents with 18 weeks of paid time off, designed as a top-up plan to complement provincial programs. Biological, adoptive, and foster parents are all eligible.
- Subsidized commuter benefits
Lyft is committed to creating an inclusive workforce that fosters belonging. 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 if you wish to make such a request.
Lyft highly values having employees working in-office to foster a collaborative work environment and company culture. This role will be in-office on a hybrid schedule — Team Members will be expected to work in the office at least 3 days per week, including on Mondays, Wednesdays, and Thursdays. Lyft considers working in the office at least 3 days per week to be an essential function of this hybrid role. Your recruiter can share more information about the various in-office perks Lyft offers. Additionally, hybrid roles have the flexibility to work from anywhere for up to 4 weeks per year. #Hybrid
The expected base pay range for this position in the Toronto area is CAD $108,000 - CAD 135,000. Salary ranges are dependent on a variety of factors, including qualifications, experience and geographic location. Range is not inclusive of potential equity offering, bonus or benefits. Your recruiter can share more information about the salary range specific to your working location and other factors during the hiring process.