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 our 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.

• 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; and more.