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
Costanoa Ventures
Y Combinator
Susa Ventures
Intact Ventures
And several others

Our Team

We're a team of technologists and insurance enthusiasts, bridging the two worlds together. Check out our team page to meet some of us!

The Role
About the Role

We are seeking a detail-oriented and analytical Actuarial Analyst to join our actuarial team supporting multiple commercial lines of business, including General Liability, Workers' Compensation, Inland Marine, and Excess Casualty. This role is perfect for someone who thrives on executing rigorous insurance analysis, collaborating cross-functionally, and delivering precise, actionable insights that drive competitive advantage.

As an Actuarial Analyst, you will be the bridge between market intelligence, regulatory requirements, and data-driven product decisions. You will play a critical role in ensuring our products remain competitive while maintaining compliance across all jurisdictions where we operate.

Key Responsibilities
Data Analytics & Performance Monitoring (50%)

Write SQL queries to extract and analyze data related to premium volumes, loss ratios, exposure metrics, and rate change impacts from internal PostgreSQL databases
Develop and maintain spreadsheet-based models for competitive analysis and rate monitoring
Create interactive BI dashboards using Metabase or similar platforms to track key product performance metrics
Support data transformation processes using dbt for analytics and reporting workflows
Conduct analytical work including rating factor impact analysis, product performance summaries, and segmentation studies to support product design and optimization
Perform loss ratio analysis by line of business, territory, and risk characteristics to identify profitable segments and areas of concern
Support actuarial and underwriting teams with data extraction and analysis for pricing studies and rate filings

Competitive Intelligence & Market Analysis (50%)

Conduct comprehensive competitor analysis of rate and form filings across all commercial lines, utilizing SERFF, S&P Capital IQ Pro, and other regulatory databases to identify market trends and competitive positioning
Analyze filings, rate manuals, underwriting guidelines, and coverage forms from industry resources including ISO manuals and NCCI data to develop detailed benchmarks and strategic recommendations
Research and track competitor product launches, rate changes, and form modifications to inform product development and pricing strategies
Prepare competitive analysis reports with recommendations for product enhancements, rate adjustments, and market positioning
Research and draft comprehensive responses to rate-related objections, ensuring actuarial justification is provided

Required Qualifications
Experience & Education

2-5 years of experience in commercial insurance product analysis, actuarial, underwriting, or competitive analysis functions
Bachelor's degree in Mathematics, Statistics, Economics, Finance, or related analytical field
Demonstrated experience with commercial insurance products and insurance data analytics
Actuarial exams such as P, FM, MAS-I, MAS-II, 5 (preferred but not required)

Technical Skills

Advanced SQL proficiency for data extraction, manipulation, and analysis from PostgreSQL databases
SERFF system knowledge including navigation, filing preparation, and objection response processes
Advanced spreadsheet modeling skills for financial analysis and data manipulation
Experience with industry databases and tools including ISO manuals, NCCI data, and regulatory research platforms
Python experience for advanced analytics (preferred but not required)

Insurance Knowledge

Understanding of commercial insurance products including rating methodologies and underwriting guidelines
Knowledge of state insurance filings process
Understanding of ISO forms, NCCI guidelines, and industry standard practices
Understanding of actuarial concepts including loss development, rate adequacy, and predictive modeling principles

Core Competencies

Strong analytical and critical thinking skills with ability to translate data into insights and recommendations
Exceptional attention to detail and accuracy, especially for time-sensitive regulatory deliverables
Clear communication skills for both technical and non-technical audiences
Cross-functional collaboration experience working with actuarial, underwriting, compliance, and product management teams

Benefits

Premium Healthcare
100% contribution to top-tier health, dental, and vision

Unlimited PTO
Flexibility to take the time off, recharge, and perform

Daily lunches, dinners, and snacks
We work together, and enjoy meals together too

SF, NYC, or Dallas-Fort Worth Offices
Premium office spaces on both coasts with daily lunches provided

Professional Development
Access to premium coaching, including leadership development

401(k) Plan
Competitive 401(k) plan offered

Dog-friendly office
Plenty of dogs to play with and make friends with in the SF office

Shepherd Labs Inc.Verified Employer

Company Stats

Open Roles

Actuarial Analyst - Commercial Lines