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Job Summary

Vice President, Reserving and Loss Analytics

• P&C Programs and E&S Property Reserving

• CAT Results and Loss Analytics

• Reserving & Loss Analytics Technology and Modernization

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.

This new leadership role has oversight of P&C Programs, E&S Property, and Catastrophe loss analytics and results management. You will also be responsible for leading the development and improvement of models and tools used by the Reserving & Loss Analytics team. This role will be highly visible and have an extremely leveraged effect across the organization. This hands-on and engaged leader will develop a capable team and provide proactive insights and counsel Arch Insurance Group leadership and the business that extends well beyond the analysis of reserves as well as provide technical solutions

The Reserving and Loss Analytics team provides an independent assessment of the balance sheet and portfolio of risks, ensuring the adequacy and accuracy of the reserves as well as communicate the quarterly reserve analyses to the Company’s executive leadership, auditors, and regulators. This individual will report to the Deputy Chief Actuary and will be instrumental in continuing to build a best-in-class Reserving & Loss Analytics organization that is providing an accurate, transparent, and independent view of the business.

Responsibilities

• Lead the modernization of the actuarial reserving platform, booking process diagnostic framework, reserving internal database capabilities, and parameter studies data flow framework. Leverage Actuarial Enterprise Data team and Actuarial IT capabilities and resources as well as the buildout and roll out of the Enterprise Data Strategy

• Lead the continued third party reserving software implementation, engagement, and process management

• Partnering with leaders in the actuarial department to identify key priorities for developing new models and improving existing frameworks

• Lead a team of 3 to 6 actuarial professionals with consistent execution on the reserving quarterly responsibilities, loss analytics needs, and proactively challenge processes across Arch actuarial landscape

• Co-lead and develop the larger reserving & loss analytics team that is technically sound and commercial-minded. Be an inclusive leader committed to promoting diversity, equity, and inclusion. Oversee the development of talent and succession planning

• 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

• Partner with the finance organization to provide accurate, timely and granular analyses to support the quarterly financial reporting process. This individual will also provide input on ongoing financial forecast and plan process

• Collaborate with the global actuarial organization and the business units to share knowledge

• Seek opportunities to continuously improve and simplify processes

• Prioritize the work to ensure the reserving and loss analytics function is delivering analyses that is of greatest benefit to the organization

• Assume an active leadership role within Arch’s actuarial community and keep abreast of new reserving methodologies, trends and product/ tort reforms and other external issues

Experience

Level and role are flexible for a talented candidate with long-term fit and potential. Both VP and AVP level candidates are considered. Candidates will evaluated on:

• Fierce about execution and delivery

• Self-sufficient with competence to progress and build comprehensive reserving models and analytic solutions

• Software skills: Excel (expert), Word, PowerPoint; SQL (expert), Power BI (preferred), database and programming skills, Snowflake knowledge (preferred), Python knowledge (preferred)

• 10+ years’ experience in progressively senior but technical and hands-on actuarial roles within the property and casualty insurance industry

• A minimum of 5 years’ experience working in a reserving or loss analytics function and team

• A university degree in a quantitative discipline

• Fellow of the Casualty Actuarial Society

• Leadership: Strength and experience as a teacher, manager, peer, leader and contributor to a positive culture

• Efficiency: productivity and organizational skills

• Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuity

• Professionalism including oral and written communication skills including presentations and marketing

• A well-rounded actuary with deep knowledge of a wide range of commercial and specialty lines as well as reinsurance

• Excellent verbal and written communication skills. Able to communicate complex technical concepts to a wide range of audiences including executive leadership and the board.

• A successful track record managing a sophisticated reserving team at a large insurer or reinsurer

• 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

• Strong business judgment and ability to operate with ambiguity

• Demonstrated experience effecting change and gaining buy-in

• Demonstrated experience providing proactive guidance and sought-out insights to business leaders, executive management, and other stakeholders

• Adaptable, flexible, and thrives in a fast paced and ever evolving environment

• A strong desire to have an impact to achieve the best outcome for the Company and add value across the organization

• Intellectually curious. Willing to ask questions and challenge assumptions.

• A problem-solver who seeks to understand the underlying drivers of the results

• Encourages the open exchange of ideas and respect for other points of view. Yet, will have the confidence to take a stand on issues and push back when appropriate while executing with efficiency and drive for results in a timely manner.

• A transparent communicator. Knows how and when to keep others informed

• A change agent who can drive change through an organization and lead adoption of new processes and tools

• An inclusive leader with a keen interest in developing team members and invested in their success

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.

$200,300 - $310,914/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.