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Job Summary
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.
This new role will be responsible for Planning and Forecasting for Arch Insurance North America on behalf of the actuarial department as well as various enterprising reporting working closely with Arch Cap. This role will be highly visible and have an extremely leveraged effect across the organization. This hands-on professional will build solutions, develop analyses, while helping build a capable team to provide proactive insights and counsel Arch Insurance Group leadership.
This position will require the application of the latest actuarial approaches for forecasting, innovative thinking to help drive newly developed strategic vision, and technical skills to leverage available data and maximize efficiency.
Job Responsibilities
- Planning Process:
- Lead annual planning process working closely with other actuarial functions (Pricing, Reserving & Loss Analytics, and Ceded Re).
- Facilitate collection of data from Actuaries, Underwriters, Finance, CAT Modeling, and Ceded Re for the Planning process.
- Determine earned premium and select plan loss ratios for business units in North America at the desired segmentation level.
- Provide insights, identify the drivers and ensure that the plan loss ratios reflect the latest pricing and reserving views.
- Enterprise Reporting:
- Produce and enhance various monthly and quarterly reports.
- Seek opportunities to continuously improve and simplify processes.
- Plan Analysis Module:
- Analyze and review profitability, margin, and volatility of business units at the desired segmentation level.
- Tool Building:
- Build and maintain necessary tools to enhance the planning and reporting processes.
Required Skills/Experience
- P&C actuarial qualifications: ACAS preferred.
- 4+ years of P&C actuarial experience.
- Technical skills – Excel (expert), SQL (expert), Python (preferred), Snowflake (preferred).
- Excellent communication, collaboration, and relationship-building skills.
- Analytical and quantitative skills – Attention to detail, work quality, productivity, and creativity.
For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.
For Jersey City and NYC: $95,900 - $148,902/year
Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.
Click here to learn more on available benefits.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
14400 Arch Insurance Group Inc.
