Director, Actuary (Hybrid)

Arch Capital Group•Jersey City, NJ

4d•Hybrid

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℠. Position Summary: You will provide actuarial support to the P&C Programs Insurance Business Unit. This division highly values actuarial support, in both quantitative & qualitative capacities. 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.

Requirements

P&C Actuarial qualifications: 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

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 and predictive modeling teams to deploy advanced analytics and automation tools to help our businesses underwrite more profitably.