Actuarial Analyst

Arch Insurance Group Inc.•Jersey City, NJ

3d•$133,474 - $135,000•Hybrid

About The Position

Arch Insurance Group, Inc. seeks an Actuarial Analyst in Jersey City, New Jersey. The role focuses on analyzing portfolio profitability and segmentation, supporting underwriting decisions on large accounts, benchmarking against industry data, monitoring and reporting performance metrics, developing actuarial tools, and leading product development. The analyst also mentors new team members and interns. This is a hybrid position requiring three days in the office and two days remote from within commuting distance of the office. National travel is required twice per year for department or team meetings, business offsites, and/or conferences. The role is incentive eligible. The stated base salary range is $133,474 to $135,000 per year for Jersey City, New Jersey; total compensation may also include short- and long-term incentives and is subject to relevant factors and potential future modification.

Requirements

Master’s degree in Mathematics, Actuarial Science, Statistics, or a related quantitative field.
At least 2 years of experience in the offered job or a related position within the property and casualty insurance domain, specifically focused on Professional Liability and Cyber.
At least 1 year of programming experience with Python and SQL.
At least 1 year of experience with tools for structuring, accessing, and managing datasets for modeling and risk management, including PowerBI, Microsoft Office tools (Excel, VBA, and PowerPoint), and SQL.
Experience with basic insurance and actuarial ratemaking concepts and their downstream impact, including Profitability Reviews, LDF and Trend Studies, Contingent Commission Calculations, and Rate Filings.
Passed at least 5 actuarial exams, including 2 or more CAS-specific exams.
Able to work in a hybrid model: 3 days in the office and 2 days remote, from within commuting distance of the office.
Able to travel nationally twice per year for department/team meetings, business offsites, and/or conferences.

Responsibilities

Analyze portfolio profitability and identify strong and weak segments.
Present findings and work directly with underwriting to support strategic operations.
Evaluate and monitor underwriting actions and their impact.
Respond to underwriters’ questions and serve as the product’s subject matter expert and primary point of contact.
Partner with underwriters on large accounts or new portfolio submissions, advising on pricing and deal structure.
Research industry metrics through business partner relationships and sources such as consultant reports, competitor filings, and reinsurance market analyses.
Adapt industry data for use as benchmarks against the current portfolio.
Measure and report key performance metrics, including rate change, price adequacy levels, and underwriting mix change.
Lead one monitoring or reporting initiative for the year, ensuring teammates meet deadlines and completed results are reasonable.
Design, program, and maintain pricing tools, dashboards, analytical tools, and actuarial data products; drive innovation without managerial guidance.
Lead development of new products, rating approaches, and filing strategies, including technical pricing developed from scratch or adapted from strategic pricing models.
Mentor new team members and interns, answer questions, provide feedback, and oversee small projects.