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.