Actuarial Analyst

Arch Capital Group•Jersey City, NJ

2d•Hybrid

About The Position

Arch Insurance Group, Inc. is seeking an Actuarial Analyst in Jersey City, New Jersey. The role focuses on actuarial analysis and pricing for Professional Liability and Cyber insurance, partnering closely with underwriters to assess portfolio profitability, price large deals, develop products, and monitor business performance. The position also develops and maintains pricing and monitoring tools, researches industry benchmarks, and mentors new actuaries and interns. This is a hybrid role requiring three days in the office and two days remote, with the employee residing within commuting distance of the office. National travel is required twice per year for department or team meetings, business offsites, and/or conferences. The position is incentive eligible, with a stated annual base salary range of $133,474 to $135,000 for Jersey City, NJ. Total compensation may also include short- and long-term incentives. Arch describes a comprehensive benefits package that includes medical, dental, vision, and prescription drug coverage; a 401(k) with matching; paid time off; paid company holidays; paid volunteer time; life and disability insurance; paid parental leave; student loan assistance; tuition reimbursement; and backup child and elder care.

Requirements

Master’s degree in Mathematics, Actuarial Science, Statistics, or a related quantitative field.
At least 2 years of experience in the job offered or a related position within the P&C 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 using tools to structure, access, and manage datasets for modeling and risk management, including PowerBI, Microsoft Office tools (Excel, VBA, 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.
Ability to work in a hybrid arrangement, with three office days and two remote days, while residing within commuting distance of the office.

Responsibilities

Analyze portfolio profitability and identify strong and weak segments; present findings and work with underwriting to guide strategic operations.
Evaluate and monitor underwriting actions and their impact; answer underwriter questions and serve as the product subject matter expert and primary point of contact.
Partner with underwriters on large accounts and new portfolio submissions, advising on pricing and deal structure.
Research and use business-partner relationships to identify relevant industry metrics, including consultant reports, competitor filings, and reinsurance market analyses, and adapt the data into portfolio benchmarks.
Measure and report key performance metrics, including rate change, price adequacy levels, and underwriting mix change; lead one monitoring initiative for the year and ensure deadlines and results are reasonable.
Design, program, and maintain pricing tools, dashboards, analytical tools, and actuarial data products to improve pricing and book monitoring.
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 by answering questions, providing feedback, and overseeing small projects.
Travel nationally twice per year for department or team meetings, business offsites, and/or conferences.