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℠.
Department: Actuarial
Location: Morristown, NJ
Function: Actuarial Support
Major Duties and Responsibilities
Support underwriting, actuarial and finance departments with a variety of data-oriented daily responsibilities and long-term projects
Analyze and interpret data from business opportunities in various formats
Populate internal models with external data while performing data validation/quality assurance
Perform initial underwriting steps by reviewing submissions and running preliminary reports
Request catastrophe modeling jobs and validate output for reasonableness
Test, improve, and build-out pricing models
Aggregate and analyze data from industry sources to improve model benchmarks and parameters
Aggregate and analyze company’s internal data to develop proprietary benchmarks and parameters
Support the business with regular and ad hoc reporting assigned by managing personnel
Suggest ways to streamline or automate processes and organize data
Skills and Qualification:
At least 1 year of Actuarial Experience, with reinsurance experience a plus
BS/BA in math, statistics, finance, economics, actuarial or a related technical field
Excellent excel skills; proficient in all other MS Office applications
Programming skills (VBA / SQL) are strongly desired
CAS exam progress and continued interest in pursuing n actuarial designation
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Working at
Arch Capital Group
Arch Capital Group Ltd. is a global insurance and reinsurance company, offering a wide range of property, casualty, and specialty insurance. With operations spanning across North America, Europe, and Australia, Arch is known for its diversified business portfolio and robust risk management practices. Their commitment to innovation and data-driven decision-making provides actuaries with a dynamic environment to apply their skills, drive growth, and shape the future of insurance. Arch's reputation for stability and excellence makes it an attractive destination for professionals seeking challenging opportunities in the insurance sector.