AVP, Actuarial Pricing
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℠. Your Role You will provide actuarial support to the P&C Programs Insurance Business Unit including MidCorp programs. This division highly values actuarial support, in both quantitative & qualitative capacities. The AVP Actuary will lead a team of actuaries to partner with business to deliver actuarial insights, develop actionable strategies, monitor executions and leading indicators to assess business health.
Requirements
- P&C Actuarial qualifications: ACAS, FCAS, or similarly qualified professional
- 8+ years of relevant experience, demonstrated ability in actuarial and quantitative analysis and statistical concepts
- Business Acumen: In-depth understanding and knowledge of key business drivers and disciplines in underwriting, products, reinsurance, claims, and financials.
- Software skills: Strong programming skills, such as Python, SQL, VBA for building tools and advanced research
- Leadership: Thought leader and innovator, strength and experience as a teacher, manager, peer, leader and contributor to a positive culture. Takes ownership of strategic initiatives and ability to influence business outcomes
- Communication and Partnership: Excellent communication, collaboration, and relationship-building skills
Responsibilities
- Profitability Reviews/New Submission Analyses: Review products by applying actuarial concepts and techniques to determine portfolio profitability; analyzing and digging into detailed segmentations
- Monitor and Reporting: Monitor portfolio rate change, pricing adequacy and underwriting mix change on new and renewal business to guide Program Managers and make informed decisions
- Actuarial Studies: Analyses and research to improve pricing parameters, methodologies and segmentations to better identify profitable opportunities.
- Tool Building: Our team thrives on innovation. You will design, program, and maintain critical tools used in pricing, and book monitoring
- Leadership: Identify and nurture future leaders, provide them with regular coaching and opportunities to lead.
Benefits
- Opportunity : No experience minimums or waiting your turn. Arch has a lot of opportunity because of our growth and entrepreneurialism, and many Arch actuaries have been promoted within current roles in recognition of outstanding performance.
- Exam program : Up to $75k of raises available, and flexibility and support so you can study and pass.
- Flat structure: You will present to business unit leaders and senior actuarial executives, and your insights will make a difference.
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Executive
Education Level
No Education Listed
Number of Employees
1,001-5,000 employees
