AVP, Reserving & Loss Analytics (Reinsurance)
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℠. 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℠. This leadership role will own reserving and loss analytics and results management for the AINA cessions for various critical reinsurers as well as lead multiple key processes across the Reserving and Loss Analytics department. The role requires a comprehensive line of business focus (Auto, GL, Prop, and multiple specialty lines) as well as a close partnership with Pricing and Finance on industry trends, underwriting actions, and more. This role is a unique opportunity to enhance the loss analytics of our various ceded treaties as well as drive improvements and efficiencies across the Reserving and Loss Analytics organization.
Requirements
- A minimum of 10 years’ experience in progressively complex actuarial roles within the property and casualty insurance industry.
- Knowledge and experience with reinsurance reserving (preferred)
- A minimum of 5 years’ experience within a Reserving function
- Associate or Fellow of the Casualty Actuarial Society
- Leadership: Strength and experience as a teacher, manager, peer, leader and contributor to a positive culture
- Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuity
- Software skills: Excel (expert), Word, PowerPoint; SQL (expert), Power BI (preferred), database and programming skills, Snowflake knowledge (preferred), Python knowledge (preferred).
- Self-sufficient with competence to progress and build comprehensive reserving models and analytic solutions.
- Excellent verbal and written communication skills. Able to communicate complex technical concepts to a wide range of audiences including executive leadership and the board.
- Proven expertise leading and developing actuarial teams. This individual will have experience developing high performing teams with strong technical skills and business acumen.
- Experience presenting to executive management and external stakeholders.
- Demonstrated experience providing proactive guidance and sought-out insights to business leaders, executive management, and other stakeholders.
Responsibilities
- Own Reserving and Loss Analytics for the AINA cessions to our largest reinsurer and broader allocations
- Work in close collaboration with underwriting, pricing, claims and finance to develop a common view of the business.
- Work in partnership with various stakeholders to identify emerging trends that could impact results and propose corrective action in a timely manner.
- Lead projects across the Reserving & Loss Analytics Team and get work done in collaboration with others.
- Provide proactive insights, identify the drivers and ensure that the reserve analyses reflect any changes in the portfolio to minimize volatility and avoid surprises.
- Apply innovative approaches and leading-edge tools to analyze the business. Seek opportunities to leverage advanced analytics to provide greater insights.
- Ensure the quality of the data and its consistent application in the reserving process.
- Prioritize the work to ensure the reserving and loss analytics function is delivering analyses that are of greatest benefit to the organization.
- Assume an active leadership role within Arch’s actuarial community and keep abreast of new reserving methodologies, trends and product/ tort reforms and other external issues.
Benefits
- 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
