Director, Actuarial Pricing

Arch Insurance Group Inc. • Morristown, NJ

11d

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℠. The Position The Director, Actuarial Pricing will assist in pricing and underwriting a book of North American P&C reinsurance. Lines supported will include GL, Auto, Umbrella, WC, Property, and Professional Lines. The individual will be a member of the actuarial team and will assist in coordinating all stages of the pricing and underwriting process. This position requires a thorough knowledge of actuarial modeling techniques as well as being proficient in MS Excel.

Requirements

• FCAS, ACAS or near completion level or equivalent designation
• 8+ years of applicable actuarial experience
• Proficient in MS Excel, and an ability to create pricing tools to support day-to-day underwriting work flow.
• Ability to organize and prioritize a demanding workload
• Strong interpersonal and communicate on skills and the ability to work with management at a senior level
• Some travel and the ability to work overtime as needed is expected for this position
• College or university degree, preferably with a quantitative major

Nice To Haves

• Reinsurance experience a strong plus but not required
• Programming skills (e.g. Python, R, SQL) a plus

Responsibilities

• Assess and analyze reinsurance treaties (quota share, excess of loss, aggregate, structured, multi-year and others) with actuarial techniques
• Structure terms and assure profitability of business written
• Contributing to LOB studies and assumption/parameter updates including developing ownership and expertise over a subset of lines that ARC writes
• Develop and enhance pricing tools/models
• Performing underwriting audits of client files
• Report and present work including trend studies, rate monitoring and ad hoc requests from senior management
• Frequent contact with underwriting, claims, and finance departments

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

What This Job Offers

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