Responsibilities:
- Work in close collaboration with underwriting, pricing, claims and finance to develop a common view of the business. Work in partnership with the various stakeholders to identify emerging trends that could impact results and propose corrective action in a timely manner
- Provide proactive insights, identify the drivers and ensure that the reserve analyses reflect any changes in the portfolio to minimize volatility and avoid surprises.
- Apply innovative approaches and leading-edge tools to analyze the business. Seek opportunities to leverage advanced analytics to provide greater insights. Ensure the quality of the data and its consistent application in the reserving process
- Establish a governance framework that ensures reserve guidelines are applied consistently across North American operations, complying with internal operational control requirements and all other external regulatory and audit requirements
- Lead the NAIC requirements related to and on behalf of the Arch Insurance U.S. Appointed Actuary's responsibilities including managing regulatory support and communication
- Independently manage external third-party consulting
- g analyses streams and communication as well as external and internal audit framework and communication
- Lead financial reporting related to GAAP and Statutory financials on behalf of the reserving & loss analytics team
- Prioritize the work to ensure the reserving and loss analytics function is delivering analyses that is of greatest benefit to the organization.
Skills/Experience:
Level and role are flexible for a talented candidate with long-term fit and potential. Candidates will be evaluated on:
- A minimum of 15 years' experience in progressively complex actuarial roles within the property and casualty insurance industry
- A minimum of 10 years' experience within a Reserving function
- Associate or Fellow of the Casualty Actuarial Society
- Leadership: Strength and experience as a teacher, manager, peer, leader and contributor to a positive culture
- Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuity
- Software skills: Excel, Word, PowerPoint, Power BI expected; basic database and programming skills are a big plus.
- Excellent verbal and written communication skills. Able to communicate complex technical concepts to a wide range of audiences including executive leadership and the board.
- Proven expertise leading and developing actuarial teams. This individual will have experience developing high performing teams with strong technical skills and business acumen.
- Experience presenting to executive management and external stakeholders.
- Demonstrated experience providing proactive guidance and sought-out insights to business leaders, executive management, and other stakeholders.
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.
$129,500 - $201,066/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.
Click here to learn more on available benefits.
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14400 Arch Insurance Group Inc.
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.