Director, Actuary

Arch Capital Group•Jersey City, NY

2d•Onsite

About The Position

The Director 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. This division highly values actuarial support, in both quantitative & qualitative capacities. Arch Insurance Group, part of Arch Capital Ltd, is a specialty insurer built around talent intensive businesses. We prioritize niche focus, underwriting expertise, flexibility, diversification and disciplined cycle management. We work creatively to provide new value and solutions to our clients and distribution partners. Arch highly values actuaries and actuarial expertise. Many senior executives and business unit leaders are actuaries by training.

Requirements

ACAS, FCAS, or similarly qualified professional
6+ 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.
Takes ownership of strategic initiatives and ability to influence business outcomes
Excellent communication, collaboration, and relationship-building skills

Nice To Haves

No experience minimums or waiting your turn.
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.

Responsibilities

Review products by applying actuarial concepts and techniques to determine portfolio profitability; analyzing and digging into detailed segmentations
Monitor portfolio rate change, pricing adequacy and underwriting mix change on new and renewal business to guide Program Managers and make informed decisions
Analyses and research to improve pricing parameters, methodologies and segmentations to better identify profitable opportunities
Provide actuarial premium recommendation on large new and renewal accounts
Design, program, and maintain critical tools used in pricing, and book monitoring
Partner with Strategic Analytics teams to deploy advanced analytics and automation tools to help our businesses underwrite more profitably
Present to business unit leaders and senior actuarial executives, and ensure insights make a difference.