Actuary

Who we are:

Nirvana is on a mission to harness the power of data to revolutionize commercial insurance and enable a safer world. We are bringing much-needed innovation into the legacy, trillion-dollar commercial insurance industry. We have developed cutting-edge predictive models that use real-time IoT data from billions of connected devices, allowing us to better understand and price risk. Our AI-driven platform fundamentally changes the way an insurance company operates with personalized risk scoring, faster underwriting, modernized claims, and proactive, data-driven insights to help customers prevent accidents.

We’ve already proven the scale—reaching well over $100 million in premiums and more than doubling year over year. Our data moat is growing exponentially with more than 20 billion miles of telematics data, leading to more predictive models and new insights into how we can better understand and reduce risk. Altogether, our loss ratio, efficiency, and customer experience are redefining what can be done in the industry.

With $170+ million raised, including an industry-leading Series C round in January 2025, we’re only accelerating our growth, with strong support from top-tier VCs including Lightspeed, General Catalyst, and Valor. Nirvana’s leadership team has previously helped scale multi-billion-dollar companies from scratch, including Samsara, Rubrik, and Flexport, and includes industry veterans from Hiscox, The Hartford, and RLI.

About the role:

As Nirvana's first Actuary, you will spearhead actuarial operations by leading a cross-functional team of Insurance Product Managers while maintaining comprehensive oversight of loss ratios across all business lines. You will deliver expeditious and precise risk assessments, establish robust analytical frameworks and methodologies, and enhance organizational capabilities across all program areas, with particular emphasis on environmental risk modeling.

Supporting an ambitious product development strategy, you will direct teams in ground-up model creation, optimize existing actuarial models, and strengthen the analytical foundation of our operations. This represents an exceptional opportunity to architect the strategic direction of Nirvana's insurance portfolio while establishing a world-class actuarial organization from inception.

What you’ll do:

• Develop and maintain commercial lines pricing models and rating structures

• Conduct reserve analyses and loss projections for commercial insurance portfolios

• Perform detailed portfolio analyses to identify trends, opportunities, and areas of concern

• Collaborate with underwriting teams to optimize guidelines and risk selection

• Provide actuarial insights to inform product development and business strategy

• Support regulatory filings and respond to inquiries from regulatory bodies

• Support reinsurance strategies

• Lead complex projects and mentor junior team members

• Present actuarial findings and recommendations to senior leadership

About you:

• FCAS required

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field

• 10+ years of experience in commercial insurance lines (property or casualty)

• Expert experience in statistical modeling and data analysis

• Knowledge of predictive modeling techniques applicable to commercial insurance

• Proficiency in actuarial software and programming languages (e.g., R, Python, SQL)

• Experience with commercial lines pricing, reserving, and portfolio management

• Understanding of emerging risks and their potential impact on commercial portfolios

• Knowledge of insurance regulatory requirements and filing processes

• Excellent communication skills with ability to translate complex concepts for non-technical audiences

• Strong project management and leadership capabilities

• Experience with specialty commercial lines (E&S, professional liability, cyber) is a plus

• Experience with large account pricing and risk evaluation is a plus

• Familiarity with reinsurance concepts and structures is a plus

Benefits:

• Competitive salary & equity

• Medical, dental & vision insurance

• 401k with company match

• Unlimited PTO

• Work from home friendly

• #LI-Remote