Actuarial Director/Senior Actuarial Analyst/Actuarial Analyst

New York City, New York
Not Specified
Nov 18, 2021
Jan 17, 2022
Job Type
Not Specified
Career Level
Not Specified

Arch Insurance Group, part of Arch Capital Ltd, is a specialty insurer built around talent intensive businesses. We prioritize niche focus, underwriting expertise, flexibility, diversification and disciplined cycle management. We work creatively to provide new value and solutions to our clients and distribution partners. Arch highly values actuaries and actuarial expertise. Many senior executives and business unit leaders are actuaries by training.

Arch Insurance Group is seeking a motivated actuary to join our team. Our group supports P&C Programs and Guaranteed Cost Workers' Compensation. The P&C Programs business provides highly specialized and tailored insurance products in Workers Compensation, General Liability, Commercial Auto Liability, and Property.

Job Responsibilities

  • Portfolio Analytics and Monitoring
    • Perform portfolio profitability & segmentation analyses to identify profitable growth opportunities and areas requiring remediation
    • Conduct due diligence and pricing review on new program opportunities
    • Communicate portfolio insights with business & MGUs to help develop strategies to facilitate profitable growth
    • Develop metrics to proactively assess & monitor business strategies executions, emerging trend and early signals.
    • Apply innovative approaches to refine pricing parameters (large loss load, LDF, Trend, etc.) and segmentation
    • Effectively use technology to improve process efficiency
  • Business & MGU partnership – Engage and collaborate with program managers and Managed General Underwriters (MGUs) to provide actionable advice on developing, executing and monitoring our business strategies based on data-driven insights.
  • Individual Account Pricing and benchmarking
    • Develop individual account benchmark pricing tools and incorporate predictive models where appropriate.
    • Potential large account pricing on referrals to determine appropriate premium and collateral for large risks.
  • Regulatory - Collaborate with Underwriters, Rate Filing and Compliance to launch new products, on-board new programs or revise existing products / rate plans.
Required Skills/Experience

Level and role are flexible for a talented candidate with long-term fit and potential. Candidates will be evaluated on:

  • P&C Actuarial Qualifications: FCAS or ACAS preferred. Expect 5-8 years of property and casualty experience. Will consider strong candidates with 3+ years of experience and near ACAS.
  • Software skills: Proficient w. Excel/Word/ PowerPoint; basic knowledge of R & SQL needed, Python & Power BI preferred.
  • Communication: both oral and written communication skills including presentations and marketing. Able to explain complex technical concepts to non-technical audience.
  • Leadership: Able to lead discussion with cross-functional team. Supervisory and management experience preferred.
  • Collaboration: Able to effectively collaborate with cross-functional business partners with strength and experience as a teacher, supportive peer, and contributor to a positive culture.
  • Efficiency: Strong productivity and organizational / project management skills.
  • Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuity & problem-solver.
  • Business acumen: market awareness, well-rounded insurance company and industry knowledge, curiosity and entrepreneurship.
The Company

Arch Insurance is a global insurer offering our clients superior coverage and service. We embody the Arch guiding principle of focusing on retaining experienced and talented employees to differentiate us from the rest of the pack. Our group operates from offices in the US, Canada, Bermuda, UK, and Australia, providing specialty risk solutions to clients worldwide across a wide range of industries.

With nearly 20 years of operating history and strong financial ratings, our track record remains solid.

Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions. Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence.

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