Director, Actuary
About The Position
As a Director, Actuary, reporting to the VP, Actuarial Pricing, you will provide actuarial support to the P&C Programs Insurance Business Unit. You will lead a team of actuaries partnering with the business to deliver actuarial insights, develop actionable strategies, and monitor execution and leading indicators to assess business health. The division values actuarial support in both quantitative and qualitative capacities. The role includes reviewing products and detailed segmentations to assess portfolio profitability; monitoring rate changes, pricing adequacy, and underwriting mix on new and renewal business; conducting research to improve pricing parameters, methodologies, and segmentations; and designing, programming, and maintaining tools for pricing and book monitoring. You will also work with Strategic Analytics teams to deploy advanced analytics and automation that support more profitable underwriting. Arch describes opportunities for advancement, support for actuarial exam study and passage, and a relatively flat structure in which you will present insights to business unit leaders and senior actuarial executives. The position is incentive eligible.
Requirements
- ACAS, FCAS, or similarly qualified professional.
- At least 6 years of relevant experience.
- Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
- In-depth understanding of business drivers and disciplines in underwriting, products, reinsurance, claims, and financials.
- Strong programming skills, such as Python, SQL, and VBA, for building tools and conducting advanced research.
- Leadership experience and strength as a teacher, manager, peer, leader, and contributor to a positive culture.
- Excellent communication, collaboration, and relationship-building skills.
Responsibilities
- Lead a team of actuaries supporting the P&C Programs Insurance Business Unit.
- Partner with the business to deliver actuarial insights and develop actionable strategies.
- Monitor execution and leading indicators to assess business health.
- Review products using actuarial concepts and techniques to determine portfolio profitability, including detailed segmentation analysis.
- Monitor portfolio rate changes, pricing adequacy, and underwriting mix changes on new and renewal business to guide Program Managers and inform decisions.
- Conduct actuarial analyses and research to improve pricing parameters, methodologies, and segmentations and better identify profitable opportunities.
- Design, program, and maintain tools used in pricing and book monitoring.
- Partner with Strategic Analytics and predictive modeling teams to deploy advanced analytics and automation tools that help businesses underwrite more profitably.
- Take ownership of strategic initiatives and influence business outcomes.
Benefits
- Multiple medical plans
- Dental coverage
- Vision coverage
- Prescription drug coverage
- Competitive 401(k) with generous matching
- Paid time off beginning at 20 days per year
- Up to 12 paid company holidays per year
- Two paid days of Volunteer Time Off
- Basic Life and AD&D Insurance
- Short- and Long-Term Disability
- Paid Parental Leave of up to 10 weeks
- Student Loan Assistance
- Tuition Reimbursement
- Backup Child and Elder Care
- Actuarial exam program with up to $75,000 of raises available and flexibility and support for studying and passing exams
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What This Job Offers
Job Type
Full-time
Career Level
Director
Education Level
No Education Listed
