Principal Actuary

Cambridge Mobile Telematics (CMT) is the world’s largest telematics service provider. Its mission is to make the world’s roads and drivers safer. The company’s AI-driven platform, DriveWell Fusion®, gathers sensor data from millions of IoT devices — including smartphones, proprietary Tags, connected vehicles, dashcams, and third-party devices — and fuses them with contextual data to create a unified view of vehicle and driver behavior. Auto insurers, automakers, commercial mobility companies, and the public sector use insights from CMT’s platform to power risk assessment, safety, claims, and driver improvement programs. Headquartered in Cambridge, MA, with offices in Budapest, Chennai, Seattle, Tokyo, and Zagreb, CMT measures and protects tens of millions of drivers across the world every day. 

Actuaries at CMT improve insurance pricing and risk segmentation by becoming experts in telematics and behavioral data. Our actuaries and data scientists work hands-on with sensor data, large-scale cloud environments, and production models that directly influence insurer programs and customer outcomes.

This role is ideal for actuarial and analytically oriented professionals who enjoy building real-world pricing and risk models, collaborating cross-functionally, and applying technical rigor in a fast-growing technology environment.

CMT is seeking a collaborative, analytically driven Principal Actuary I to join us in making roads safer by helping drivers and insurers make better decisions.

Responsibilities: 

• Lead actuarial regulatory engagements for telematics-based insurance programs, including ownership of complex model filings and engagement with state insurance departments, ensuring compliance while enabling advanced pricing and risk models for both CMT and partner insurers 
• Serve as the primary technical owner for CMT’s telematics scoring algorithms and partner insurer models, accountable for model integrity, performance, and alignment with insurer pricing and underwriting requirements 
• Partner closely with data science, product, and commercial stakeholders to identify, evaluate, and refine high-impact opportunities for CMT’s algorithms and machine learning models
• Use independent judgment and discretion to own and prioritize multiple moderate-to-highly complex initiatives, including defining business requirements, setting project goals, coordinating timelines and dependencies, and communicating progress and outcomes with customer and internal stakeholders 
• Provide actuarial expertise across risk pricing, model performance evaluation, lift analysis, ROI assessment, and telematics research to support UBI programs and insurer decision-making
• Interest in continued professional development and ongoing learning, including optional CAS exam progression, supported through CMT’s education reimbursement program
• Complete any additional tasks as they arise

Qualifications: 

• Bachelor’s degree or equivalent years of experience and/or certification in a related field 
• 7+ years of experience in actuarial, insurance pricing, or closely related analytical or data science roles within insurance
• Associate in the Casualty Actuarial Society (ACAS) or Fellow (FCAS), active exam progress, or equivalent applied insurance pricing and risk modeling experience
• Proficient in SQL and Python for data preparation, analysis and risk modeling
• Experience with U.S. Property & Casualty model filings (personal or commercial auto preferred; related lines acceptable)
• Experience building and maintaining insurance pricing and risk models, using both generalized linear models and machine learning models (e.g., pure premium, frequency/severity, segmentation models)

Nice to Haves: 

• Experience with telematics, usage-based insurance (UBI), or sensor-based data
• Experience using SERFF
• Experience with technical product management, pricing roadmap ownership, or platform development
• Experience working in large-scale, cloud-based data environments (AWS, GCP, Azure)

Compensation and Benefits: 

• Fair and competitive salary based on skills and experience, and annual performance bonus 
• Equity may be awarded in the form of Restricted Stock Units (RSUs) 
• Medical, Dental, Vision and Life Insurance, matching 401k, short-term & long-term disability and parental leave 
• Unlimited Paid Time Off including vacation, sick days & public holidays 
• Flexible scheduling and work from home policy depending on role and responsibilities

Base Salary Range

• The base salary range for this position is: $150,300 to $180,300. This range is specifically for Cambridge, MA

Additional Perks: 

• Feel great working to improve road safety around the world! 
• Join one of our many employee resource groups including Black, AAPI, LGBTQIA+, Women, Book Club and Health & Wellness 
• Extensive wellness, education and employee assistance programs 
• CMT will do all that is possible to support our employees and create a positive and inclusive work environment for all!

Commitment to Diversity and Inclusion: 

At CMT, we believe the best ideas come from a mix of backgrounds and perspectives. 

We are an equal-opportunity employer committed to creating a workplace and culture where everyone feels valued, respected, and empowered to bring their unique talents and perspectives. Diversity is essential to our success, and we actively seek candidates from all backgrounds to join our growing team. 

We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status or disability state. CMT is headquartered in Cambridge, MA. To learn more, visit www.cmtelematics.com and follow us on X @cmtelematics.