Director, Actuary job at Arch Capital Group Ltd. in Jersey City, NJ, New York, NY, St. Paul, MN, Chicago, IL, Hartford, CT
Title: Director, Actuary (Hybrid) Location: Jersey City, NJ United States of America New York, NY United States of America St. Paul, MN United States of America Chicago, IL United States of America Hartford, CT United States of America Full time Job Description: With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. 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: Our team thrives on innovation. You will design, program, and maintain critical tools used in pricing, and book monitoring Partnering with Strategic Analytics: Our actuaries and predictive modeling teams work closely together 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 Why work at Arch Opportunity: 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. #LI-LH1 #LI-Hybrid 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; and more.