Actuarial Developer

Shepherd
New York CityPosted 7 March 2026

Job Description

Actuarial Developer WHAT WE DO Shepherd is a technology-driven Managing General Underwriter (MGU) transforming commercial Property & Casualty insurance for high-hazard industries. Our mission is to make risk frictionless for the builders and operators shaping the physical world — protecting progress from concept through construction and into decades of operation. We’re building the fastest, smartest commercial risk platform, where underwriting expertise, data, and automation work together to deliver: - Faster decisions - Smarter, more accurate pricing - Better risk outcomes With Shepherd, safety, speed, and quality no longer trade off against one another — they compound. We’re not just modernizing insurance products. We’re building the risk infrastructure for the next generation of financial services, where technology, underwriting, and partnerships operate in harmony to support the world’s most important industries — and the progress they make possible. OUR INVESTORS To date, Shepherd has raised over $20M from leading investors, including: - Spark Capital https://www.sparkcapital.com/ - Costanoa Ventures https://costanoa.vc/ - Y Combinator https://www.ycombinator.com/ - Susa Ventures https://www.susaventures.com/ - Intact Ventures https://www.intactfc.com/about-us/intact-ventures - And several others OUR TEAM We're a team of technologists and insurance enthusiasts, bridging the two worlds together. Check out our About https://www.shepherdinsurance.com/about page to learn more. THE ROLE ABOUT THE ROLE You will help design, build, and maintain the internal pricing service and data models that allows actuaries to deploy new python-based rating engines and allows insurance product heads to directly configure our appetite as Shepherd grows into new sectors, coverages, and lines of business. You will ensure Shepherd’s platform serves the actuarial and insurance product use case. In this role, you are not handing requirements over a wall to engineers. You are in the codebase, in the architecture discussions, in the PR reviews. The split is roughly: 30–40% of your time writing code yourself, and 60–70% designing systems, reviewing implementations, and guiding adjacent engineering decisions with actuarial context. This is an individual contributor role for someone with real actuarial depth and experience deploying versioned, well-tested specialty and commercial lines rating engines to production. If you've implemented hx Renew or a similar pricing platform at a carrier or MGU, this is the role for you. If you’ve spent your career wishing actuarial pricing could move at the speed of software this is the role for you. WHAT YOU'LL BUILD Rating engine service (50-70%). You'll design and develop the FastAPI service, in collaboration with engineers, that allows the python-native actuarial team to implement rating logic for multiple lines of business that make account-level pricing coherent and extensible to new sectors & new coverages. Product configuration service (20-30%). You will design and develop a service that enables Insurance Product heads to update product configurations (coverage options, pricing parameters). You'll design the data model, versioning scheme, and validation logic that makes this safe and self-service. Data integration architecture (0-20%). You'll evaluate third-party data sources for pricing segmentation benefits and collaborate with data engineers on how best to integrate these data sources for the needs of predictive modeling, underwriting, and business development. You'll need to be comfortable with data quality validation and the messy reality of third-party commercial data. Predictive models, occasionally (0-20%). Loss cost models trained on our claims corpus, increased limits factor analysis, and behavior-based pricing models that turn insureds’ operational data into quantitative risk signals. WHAT YOU BRING REQUIRED ACAS or near-ACAS exam progress. You have 4+ years of P&C comme ... (truncated, view full listing at source)