Actuary – Product Development

About Fetch

At Fetch, we’re dedicated to helping pets live their healthiest and happiest lives. Our comprehensive insurance coverage is designed with modern pet parents in mind, and we’re proud to support the veterinary, shelter, and breeder communities. We believe in ensuring pets receive the best care possible and are committed to making that vision a reality every day.

Fetch is a high-growth Warburg Pincus portfolio company with an expanding team of over 350 pet-loving employees working together to shape the future of pet health and wellness.

About the Industry

The pet insurance industry is more important than ever, offering peace of mind and financial protection for pet owners. The sector is expanding quickly, fueled by growing awareness of the need for accessible, high-quality veterinary care. With advances in veterinary medicine, pets now have access to the most effective treatments available, making pet insurance an essential component of modern pet care.

Overview

We are looking for a Product Development Actuary to develop pricing and actuarial support for new pet insurance product launches and existing product refinements.  The teammate will report to the Chief Actuary. 

In this highly visible role, you will evaluate the pros and cons of various product proposals from a pricing and risk management perspective actively shaping the organization’s future. You will frequently engage in creative problem-solving, pricing coverages that may have never been offered before. We are a small, close-knit, collaborative actuarial team; while this role primarily focuses on product development, you will wear multiple hats and tackle ad hoc actuarial work to support the team as needed.
Location

Remote (U.S.)

Primary Responsibilities: 

• Product Pricing: Drive the pricing and actuarial support for new product development and existing product enhancements
• Evaluate Proposals: Analyze product design proposals to determine pricing viability, risk management, competitive positioning, and customer value
• Market Analysis: Stay highly informed on competitor filings to understand how our products and pricing stand relative to the market
• Data Analysis & Modeling: Write advanced SQL queries to pull from large, detailed medical bill databases for rigorous product pricing
• Regulatory Compliance: Ensure product pricing/rating complies with state-level requirements and propose alternative designs to navigate tougher regulatory environments
• Cross-Functional Collaboration: Operate seamlessly with product, underwriting, marketing, BI, and IT teams in the design and launch of new products.  Communicate complex actuarial concepts to a non-actuarial audience
• Innovate: Propose creative ways to price innovative coverage concepts and ideas

• ACAS/ASA (or FCAS/FSA) Designation Minimum
• At least 4 years of experience in an actuarial role in P&C and/or Health
• At least 2 years of experience in an actuarial pricing or product development role
• Creative and able to come up with reasonable pricing assumptions even when there is not direct data to price a brand-new coverage
• Excels in a cross functional environment working with marketing, product, IT, finance, and underwriting in designing and launching new products
• Comfortable in listening to and balancing needs across multiple stakeholders balancing pricing accuracy with customer experience and marketability
• Intermediate knowledge of SQL
• Intermediate knowledge of either R or Python
• Intermediate knowledge of Excel
• Experience performing competitor filing research in SERFF
• Comfortable or willingness to learn how to work with AI assisted coding tools, such as, Claude, GitHub, Copilot, or Gemini
• Able to anticipate needs, innovate and flourish in a high-volume, fast paced environment

• The pay range for this position is $140,000 - $180,000 on a full-time basis
• Along with base salary, your position may qualify for additional bonuses
• This position is eligible for the Company’s bonus plan(s)

• Be part of a mission-driven company that values creativity, innovation, transparency, and collaboration
• When in office, enjoy complimentary lunch daily, and pets are always welcome
• Join a team that genuinely cares about creating a positive, inclusive work environment where everyone can thrive

At Fetch, we recognize the importance of work-life balance and prioritize our employees' mental health and well-being, ensuring everyone can flourish both professionally and personally. Not just pets, we want our employees to live their best lives too — here at Fetch, you have access to the valuable benefits listed below. 

• Comprehensive Medical, dental, and vision plan for you and your family
• Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are available 
• Highly competitive 401(k) matching 
• Generous 20-day PTO Policy, with rollover options. Earn an additional day of PTO each year on your anniversary with Fetch, for a maximum of 30 days
• Paid company (9) holidays, including (1) floating holiday
• Fetch Pet Insurance discount - up to 50% off, up to $1,000 savings/year
• Educational Assistance Program
• Fetch Discount Perks Program
• Volunteering - earn up to 8 hours per calendar year at nonprofit organizations
• NYC Office Amenities: Pet-friendly environment, free lunch, snacks, and additional amenities; transit accessible
• Employee Referral Incentive
• Tuition Assistance
• Commuter Benefits
• Employee Assistance Program (EAP)