Actuarial Analyst

Arch Capital Group Ltd. • Greensboro, NC

39d • Hybrid

About The Position

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™. Position Summary The Actuarial Analyst provides analytical and developmental support to Actuarial management and other departments in the areas of loss reserving, pricing, forecasting and statutory reporting. The incumbent performs a variety of tasks that require strong quantitative skills, problem solving ability, analytical programming and knowledge and experience in actuarial science.

Requirements

• Basic knowledge of the practices and procedures of actuarial science.
• Advanced analytical programming skills (e.g.. SAS, SQL, Python)
• Robust mathematical skills, highly proficient in probability and statistical analysis.
• Excellent interpersonal and communication skills to work effectively with internal and external contacts and to present technical information to senior management.
• Effective organizational skills with the ability to create implement and monitor projects of varying difficulty.
• Required knowledge and skills would typically be acquired through a Bachelor's degree with completion of at least 2 Actuarial exams, and 0-2 years of job-related experience.

Nice To Haves

• Experience with an actuarial internship preferred.

Responsibilities

• Supports Loss Reserving and Statutory Reporting functions. Performs reserve analyses and/or reserve reporting for multiple business segments, including assumed and ceded loss reserves.
• Creates monthly and quarterly reserve reports for management and assists in the presentation of these reports.
• Translates forecasting model output into data suitable for reporting and analysis. Assists in the quarterly analysis of Arch's Realistic Disaster Scenario forecast.
• Produces periodic reports monitoring the accuracy, stability and sensitivity of company forecasting and reserving models. Communicates results to model developers and management.
• Develops ad hoc reports and data. Distributes information both internally and externally as needed.
• Assists in the design, development and updates of new actuarial methodologies and data reporting systems.
• Develops checking procedures to determine data accuracy and maintains accurate records of work product.
• Seeks to increase automation and efficiency of reserving and/or forecasting tools and reporting.
• Helps identify and develop creative ways to analyze reserves.
• Supports transition to the next generation of forecasting and/or reserving models.

Benefits

• Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Insurance Carriers and Related Activities