Actuarial Analyst

Arch Capital Group • Latham, NY

9d

About The Position

The Actuarial Analyst works under the supervision of the Managing Actuary, providing technical support to actuaries, preparing annual actuarial valuation reports, and unit-testing isolated code in the actuarial valuation system. The role also includes technical administrative duties and routine client communications. The analyst performs valuation work for Defined Benefit plans, contributes to actuarial modeling and analysis, and supports client and company projects. The position encourages process improvement, ongoing actuarial education, responsive client service, and effective collaboration with colleagues.

Requirements

• Bachelor’s or master’s degree in actuarial science, mathematics, statistics, finance, or another major with significant quantitative coursework.
• 0–3 years of pension actuarial background.
• Knowledge of Defined Benefit pension plans and provincial pension and tax legislation.
• At least three actuarial exams passed, or 10 years of relevant quantitative work experience.
• Strong skills or experience in long-term actuarial modeling and exploratory data analysis.
• Ability to communicate complex actuarial concepts clearly in writing and verbally.
• Ability to manage one’s own workflow.
• Motivation, clear thinking under pressure, and strong oral and written communication skills.
• Teamwork, initiative, independence, time management, and organizational skills.
• Expert proficiency in Microsoft Office Suite.

Nice To Haves

• Significant coursework in Mathematics in Life Contingent Risks.
• Pursuing actuarial exams with the goal of obtaining ASA or CERA credentials, with a future goal of becoming an FSA.
• Excellent Visual Basic Application skills for updating macros.
• Excellent Structured Query Language skills for developing and maintaining Access modules.

Responsibilities

• Develop and maintain actuarial models and perform Defined Benefit plan valuations.
• Calculate annual contribution requirements and estimate costs of amending program provisions.
• Prepare annual actuarial reports.
• Assist in developing actuarial assumptions, plan-funding techniques, forms of benefit payment, and program provisions.
• Analyze cost drivers and year-over-year trends for Defined Benefit plans, and notify actuaries of significant issues.
• Prepare annual service fee agreements and data request forms aligned with client provisions by developing complex queries, tables, relationships, database objects, modules, and macro code using MS Access.
• Work with actuaries and other colleagues on special client or company projects.
• Identify process improvements and share information and ideas with management and staff.
• Continue actuarial education through approved programs and training.
• Provide professional, responsive customer service and establish trusting client relationships.
• Participate effectively in projects and establish respectful working relationships with coworkers.
• Provide technical administrative support, routine client communications, and unit-testing of actuarial valuation system code.

Benefits

• Multiple medical plans, plus dental, vision, and prescription drug coverage.
• Competitive 401(k) with generous matching.
• Paid time off beginning at 20 days per year.
• Up to 12 paid company holidays per year.
• Two paid volunteer time-off days.
• Basic life and AD&D insurance.
• Short- and long-term disability coverage.
• Paid parental leave of up to 10 weeks.
• Student loan assistance.
• Tuition reimbursement.
• Backup child and elder care.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level