Director, Actuary

About the Role

As a Director, Actuary, reporting to the VP, Actuarial Pricing, you will provide actuarial support to the P&C Programs Insurance Business Unit. This division highly values actuarial support, in both quantitative and qualitative capacities. You will lead a team of actuaries to partner with business to deliver actuarial insights, develop actionable strategies, monitor executions and leading indicators to assess business health.

Responsibilities

• Profitability Reviews / New Submission Analyses: Review products by applying actuarial concepts and techniques to determine portfolio profitability; analyzing and digging into detailed segmentations.
• Monitor and Reporting: Monitor portfolio rate change, pricing adequacy and underwriting mix change on new and renewal business to guide Program Managers and make informed decisions.
• Actuarial Studies: Analyses and research to improve pricing parameters, methodologies and segmentations to better identify profitable opportunities.
• Tool Building: Design, program, and maintain critical tools used in pricing and book monitoring.
• Partnering with Strategic Analytics: Work closely with predictive modeling teams to deploy advanced analytics and automation tools to help businesses underwrite more profitably.

Requirements

• P&C Actuarial qualifications: ACAS, FCAS, or similarly qualified professional.
• Experience: 6+ years of relevant experience, demonstrated ability in actuarial and quantitative analysis and statistical concepts.
• Business Acumen: In-depth understanding and knowledge of key business drivers and disciplines in underwriting, products, reinsurance, claims, and financials.
• Software skills: Strong programming skills, such as Python, SQL, VBA for building tools and advanced research.
• Leadership: Thought leader and innovator, strength and experience as a teacher, manager, peer, leader and contributor to a positive culture. Takes ownership of strategic initiatives and ability to influence business outcomes.
• Communication and Partnership: Excellent communication, collaboration, and relationship-building skills.

Benefits

• Multiple medical plans plus dental, vision and prescription drug coverage
• Competitive 401(k) with generous matching
• PTO beginning at 20 days per year
• Up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Off
• Basic Life and AD&D Insurance as well as Short and Long-Term Disability
• Paid Parental Leave of up to 10 weeks
• Student Loan Assistance and Tuition Reimbursement
• Backup Child and Elder Care

Pay

Base salary range: $130,000 – $180,000 per year. Position is incentive eligible. Total individual compensation (base salary, short- and long-term incentives) will take into account geographic location, scope and responsibilities of the role, qualifications, talent availability and specialization, and business needs. The above pay range may be modified in the future.

About Arch

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.