Actuarial Director, Reserving & Loss Analytics (Hybrid)

About the role

Arch Insurance Group, part of Arch Capital Ltd, is seeking a motivated actuarial candidate to join a dynamic Reserving & Loss Analytics team. This leadership role will assist with reserving, loss analytics, and results management for the recently acquired Middle Market and Entertainment Business Divisions. You will also be responsible for co-leading the ongoing M&A integration efforts on behalf of the Reserving & Loss Analytics team.

Responsibilities

• Partnering with leaders in the actuarial department to identify key priorities for developing new models and improving existing frameworks
• Working in close collaboration with underwriting, pricing, claims and finance to develop a common view of the business
• Leading projects across the Reserving & Loss Analytics Team and getting work done in collaboration with others
• Providing proactive insights, identifying the drivers, and ensuring that the reserve analyses reflect any changes in the portfolio to minimize volatility and avoid surprises
• Applying innovative approaches and leading-edge tools to analyze the business
• Seeking opportunities to leverage advanced analytics to provide greater insights
• Ensuring the quality of the data and its consistent application in the reserving process
• Partnering with the finance organization to provide accurate, timely, and granular analyses to support the quarterly financial reporting process
• Collaborating with the global actuarial organization and the business units to share knowledge
• Assuming an active leadership role within Arch’s actuarial community and keeping abreast of new reserving methodologies, trends, and product/tort reforms and other external issues
• Potential to manage a small team of direct reports
• Managing the fronting arrangement for the acquired business on behalf of the Reserving & Loss Analytics Team

Requirements

Organization and prioritization skills are crucial to this role, given its dual-purpose nature. The candidate will need to balance multiple tasks and coordinate with other members of the team to help with resources as needed.

Qualifications

• A university degree in a quantitative discipline
• Fellow of the Casualty Actuarial Society (ACAS) or equivalent certification
• 7+ years’ experience in progressively senior but technical and hands-on actuarial roles within the property and casualty insurance industry
• A minimum of 3 years’ experience working in a reserving or loss analytics function and team

Skills

• Software skills: Excel (expert), Word, PowerPoint; Power BI (preferred), database and programming skills required such as SQL (expert), Snowflake knowledge (preferred), Python knowledge (preferred)
• Self-sufficient with competence to progress and build comprehensive reserving models and analytic solutions to improve the financial close process
• Leadership: Strength and experience as a teacher, manager, peer, leader and contributor to a positive culture
• Efficiency: productivity and organizational skills
• Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuity
• A well-rounded actuary with deep knowledge of a wide range of commercial and specialty lines as well as reinsurance
• A successful track record managing a complex workload and demonstrating ability to work well with other departments and outside parties
• Strong business judgment and ability to operate with ambiguity
• Demonstrated experience affecting change and gaining buy-in
• Demonstrated experience providing proactive guidance and sought-out insights to business leaders, executive management, and other stakeholders
• A transparent communicator
• Intellectually curious. Willing to ask questions and challenge assumptions
• A problem-solver who seeks to understand the underlying drivers of the results
• Encourages the open exchange of ideas and respect for other points of view. Yet, will have the confidence to take a stand on issues and push back when appropriate while executing with efficiency and drive for results in a timely manner

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.