Reserving & Analytics Actuary

Tesla Insurance supports Tesla's mission aiming to reduce the cost of ownership of our vehicles, by minimizing insurance cost and establishing a feedback loop to the OEM, while improving the end-to-end customer experience. This role is pivotal to ensuring that leadership has an in-depth understanding of drivers of the business outcomes, operational processes and areas of potential improvements. A successful candidate will be able to approach reserving and claims analytics from first principles and partner with the rest of the business to identify key drivers of results. A strong candidate will be able to present these findings to leadership to help make tactical and strategic decisions.
This position can sit in Austin, TX; Hayward, CA; Owing-Mills, MD; or Draper, UT.

Responsibilities

• Perform regular reserving studies including preparing the data, performing the analysis, communicating the results and documenting the end-to-end process
• Explore and implement novel reserving methodologies and models, utilizing data science and analytics
• Perform on-going and ad-hoc analysis and predictive modeling exercises on claims data, and reporting on key findings and recommendations
• Develop and implement various internal and external monitoring and reporting tools
• Assist in the maintenance of the various insurance data marts used for analysis and reporting
• Provide business requirements for changes, enhancements and new features for the claims management system
• Partner with various business stakeholders, including Claims, Finance, Product, Pricing, Underwriting, Data Science, IT, and insurance leadership

Requirements

• ACAS/FCAS (or equivalent designation) with 5+ years of relevant experience in reserving and claims analytics
• Strong analytical and modelling skills, with extensive experience in SQL and Python, and the ability to learn new programming languages
• Extensive experience in reserving and claims analytics, with experience in general analytics, model development and model implementation
• Self-starter with a willingness to roll up their sleeves and get involved with projects in the larger insurance organization
• Excellent written and verbal communication skills to a wide variety of audiences
• Ability to work in an unstructured environment, with strong first-principles problem-solving and project management skills
• Experience with "big data" and application development preferred

Compensation and Benefits
Benefits

Along with competitive pay, as a full-time Tesla employee, you are eligible for the following benefits at day 1 of hire:

• Aetna PPO and HSA plans > 2 medical plan options with $0 payroll deduction
• Family-building, fertility, adoption and surrogacy benefits
• Dental (including orthodontic coverage) and vision plans, both have options with a $0 paycheck contribution
• Company Paid (Health Savings Account) HSA Contribution when enrolled in the High Deductible Aetna medical plan with HSA
• Healthcare and Dependent Care Flexible Spending Accounts (FSA)
• 401(k) with employer match, Employee Stock Purchase Plans, and other financial benefits
• Company paid Basic Life, AD&D, short-term and long-term disability insurance
• Employee Assistance Program
• Sick and Vacation time (Flex time for salary positions), and Paid Holidays
• Back-up childcare and parenting support resources
• Voluntary benefits to include: critical illness, hospital indemnity, accident insurance, theft & legal services, and pet insurance
• Weight Loss and Tobacco Cessation Programs
• Tesla Babies program
• Commuter benefits
• Employee discounts and perks program
Expected Compensation

$84,000 - $222,000/annual salary + cash and stock awards + benefits

Pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. The total compensation package for this position may also include other elements dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.