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Job 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 Senior Actuarial Analyst will have the opportunity to lead as a liaison representing the actuarial team with business partners. This role reports to the AVP, Actuarial Pricing.

• 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 and segmentation to better identify profitable opportunities 

• Tool Building: Our team thrives on innovation. You will design, program, and maintain critical tools used in pricing, and book monitoring

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.

Key Evaluation Criteria

• Most Senior Actuarial Analysts have 4-8 years of experience and demonstrated success on actuarial exams, but strong performers have been recognized as early as 2 years.

• This role highly values strong software/programming skills, such as Python and SQL, for building underwriting tools and advanced research projects.

• Superior communication skills are important for partnering with underwriters and presenting to business leaders.

Arch Insurance Group, part of Arch Capital Ltd, is a specialty insurer built around talent intensive businesses. We prioritize niche focus, underwriting expertise, flexibility, diversification and disciplined cycle management. We work creatively to provide new value and solutions to our clients and distribution partners. Arch highly values actuaries and actuarial expertise. Many senior executives and business unit leaders are actuaries by training. Learn more about Arch at https://www.archgroup.com/about/

For individuals assigned or hired to work in California, Colorado, Hawaii, 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 - $148,902/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.