Job Information
Lyft Actuarial Analyst in Toronto, Canada
At Lyft, our mission is to improve people’s lives with the world’s best transportation. To do this, we start with our own community by creating an open, inclusive, and diverse organization.
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:
Perform reserve study on various segments, present findings to management and senior leaders, collaborate with team members to produce the quarterly reserve memo
Maintain documentation of key assumptions and methods to support risk controls
Assist in building and maintaining tools and dashboards used for loss development analysis and trend identification.
Generate the reserving templates and provide support with the Actual vs Expected analysis
Collaborate with senior team members to enhance monthly performance metrics and modernize various reserving tools using scripting language
Contribute to the evaluation of reserving methodologies and work towards improving accuracy using conventional and new techniques
Support the financial reporting process by providing key actuarial inputs and analysis
Collaborate with cross-functional teams to ensure timely completion of tasks
Take ownership of the tasks assigned and drive insightful analysis
Experience:
Bachelor or equivalent degree in Actuarial Science, Math, Statistics, Economics, or similar
At least 3 CAS exams is required
1-2 years of relevant internships, or entry-level experience in P&C actuarial field (flexible scheduling during exam preparation and continuing education support for FCAS; we want to be part of your career development!)
Experience or knowledge in reserving, pricing or modeling is a plus
Personal or commercial auto insurance experience required
Very Strong Excel; experience with SQL and R (or Python) and an interest in coding/automation is preferred
Great communication and presentation skills
Strong organization and time management skills
Balance attention to detail with fast-pace Lyft environment
Passionate about actuarial science and eager to learn and grow
Highly innovative
Benefits:
Extended health and dental coverage options, along with life insurance and disability benefits
Mental health benefits
Family building benefits
Access to a Health Care Savings Account
In addition to provincial observed holidays, team members get 15 days paid time off, with an additional day for each year of service
4 Floating Holidays each calendar year prorated based off of date of hire
10 paid sick days per year regardless of province
18 weeks of paid parental leave. Biological, adoptive, and foster parents are all eligible
Lyft proudly pursues and hires a diverse workforce. 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 now if you wish to make such a request.
This role will be in-office on a hybrid schedule — Team Members will be expected to work in the office 3 days per week on Mondays, Thursdays and a team-specific third day. Additionally, hybrid roles have the flexibility to work from anywhere for up to 4 weeks per year.