AVP, Actuarial Pricing

Arch Capital Group • New York, NY

211d • $129,500 - $201,066

About The Position

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
• In-depth understanding and knowledge of key business drivers and disciplines in underwriting, products, reinsurance, claims, and financials.
• Strong programming skills, such as Python, SQL, VBA for building tools and advanced research
• Thought leader and innovator, strength and experience as a teacher, manager, peer, leader and contributor to a positive culture.
• 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: 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 for growth and promotion based on performance
• Exam program with up to $75k of raises available, and flexibility and support for studying
• Flat structure allowing for direct presentation to business unit leaders and senior actuarial executives

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree