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Arch Capital Group

Arch Capital Group

Assistant Actuary, Capital Modeling

Assistant Actuary, Capital Modeling

Job Details
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Uploaded On
April 13, 2024
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Location
White Plains, United States
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Remote?
No
Company Overview
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Headquarters
Hamilton, Bermuda
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Number of Employees
5200
Estimated Number of Actuaries
174
Salary
$
96
k-$
163
k
Glassdoor Ratings
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Recommend to a Friend
82%
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Overall Score
4.1 / 5
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℠.

Capital Modeling/Model Development
  • Lead quarterly Group capital model analyses in partnership with SVP including model parameterization, testing, and reporting, with an emphasis on analysis of change and explanation of anomalies.
  • Identify model improvements, design, code, and test new model features.
  • Participate in capital model presentations to the ACGL Executive Leadership Team (CEO, CFO, CUO, CIO, and Segment CEOs).
  • Support ACGL board presentations by the SVP and/or Group Chief Risk Officer/EVP
  • Conduct ad-hoc analyses in support of group and business segment special projects.
  • Reconcile results to rating agency/regulatory models and explain strengths and weaknesses of different regimes.
  • Work to embed capital allocation effectively within the business units for pricing and performance measurement.
  • Maintain system documentation and support model governance activities.


Risk Management/Project Management
  • Work in a cross-functional environment under the Group CRO to address corporate objectives including IAIS ComFrame, Bermuda Monetary Authority (BMA) group supervision and other emerging requirements.
  • Collaborate with relevant project teams to ensure the timely and successful implementation of risk management-related initiatives.


Qualifications
  • 5+ years P&C Actuarial Experience
  • Demonstrated programming proficiency is essential.
  • Experience with general-purpose coding languages (e.g., Python, R, VBA, SQL)
  • Knowledge of at least one specialist actuarial language (e.g. RPC Tyche, Igloo, ReMetrica, MetaRisk) is preferred.
  • Experience in data management (Snowflake), risk management, and/or catastrophe modeling is desirable.
  • Understanding of actuarial, investment and macro-economic principles.
  • Strong technical skills and the ability to clearly present complex analyses to varied audiences.
  • Demonstrated proficiency in MS Excel and working with various financial/actuarial data sources.
  • Basic knowledge of accounting regulations, including Bermuda Statutory and US GAAP.
  • Basic ERM knowledge or experience including ORSA, Risk Appetite/Tolerance/Limits, corporate policies and other ERM initiatives in a dynamic international insurance environment is a plus.
  • Effective communication and interpersonal skills to collaborate with diverse stakeholders.
  • Ability to work both independently and as part of a decentralized team.
  • Ability to organize and prioritize demanding workload according to volume and urgency.
  • Excellent planning and organization, analytical/problem solving, decision-making and financial analysis skills.
  • Strong oral, written and interpersonal communication skills.
  • Actuarial certification e.g., ACAS, FCAS, FIA or equivalent.
  • Advanced degree and/or other related certification e.g., FRM, CRM, CERA, CFA, CPA may also be considered.


Education and Experience
  • The candidate should have a bachelor's degree in actuarial science, mathematics, finance or related quantitative field and a minimum of 5 years of relevant work experience in the insurance/reinsurance industry.
  • The candidate should possess knowledge of a Property and Casualty (re)insurance and/or Mortgage Insurance.


#LI-LH1

For individuals assigned or hired to work in California, Colorado, Jersey City, NJ; New York State; and/or Washington State, the base salary range is listed below. This range is as of the time of posting. Position is incentive eligible.

$95,900 - $163,000/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 range may be modified in the future
  • Click here to learn more on available benefits


Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn't the right fit but you're interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch's Talent Acquisition team.
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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.