Director, Actuary (Hybrid)
Position Summary
You will provide actuarial support to the P&C Programs Insurance Business Unit. This division highly values actuarial support, in both quantitative & qualitative capacities. The Director Actuary 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 and Accountabilities
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
Large Account Pricing: Provide actuarial premium recommendation on large new and renewal accounts
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
Required Skills and Abilities
P&C Actuarial qualifications: ACAS, FCAS, or similarly qualified professional
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
Opportunity at Arch
No experience minimums or waiting your turn. Arch has a lot of opportunity because of our growth and entrepreneurialism, and many Arch actuaries have been promoted within current roles in recognition of outstanding performance.
Exam program: Up to $75k of raises available, and flexibility and support so you can study and pass. Flat structure: You will present to business unit leaders and senior actuarial executives, and your insights will make a difference.
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. $130,000 - $180,000/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.
Arch is committed to helping employees succeed through our comprehensive benefits package that includes:
multiple medical plans plus dental, vision and prescription drug coverage
a competitive 401k 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 Offer
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
Click here to learn more on available benefits.
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