Director, Actuary

Arch Insurance Group Inc.•Jersey City, NJ

7d•$130,000 - $180,000

About The Position

The Director, Actuary provides actuarial support to the P&C Programs Insurance Business Unit and reports to the VP, Actuarial Pricing. The role leads a team of actuaries partnering with the business to deliver actuarial insights, develop actionable strategies, monitor execution, and assess business health through leading indicators. The position supports profitability reviews and new submission analyses, portfolio monitoring and reporting, actuarial studies, and the development and maintenance of pricing and book-monitoring tools. It also partners with Strategic Analytics teams to deploy advanced analytics and automation that support more profitable underwriting.

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 key business drivers and disciplines in underwriting, products, reinsurance, claims, and financials.
Strong programming skills, such as Python, SQL, or VBA, for building tools and conducting advanced research.
Leadership experience and ability to act 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 and partner with business teams to deliver actuarial insights, develop actionable strategies, monitor execution, and assess business health.
Review products using actuarial concepts and techniques to evaluate portfolio profitability, including detailed segmentation analysis and new submission analyses.
Monitor portfolio rate changes, pricing adequacy, and underwriting mix changes on new and renewal business to guide Program Managers and inform decisions.
Conduct analyses and research to improve pricing parameters, methodologies, and segmentations and 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 support profitable underwriting.
Take ownership of strategic initiatives and influence business outcomes.

Benefits

Multiple medical plans, plus dental, vision, and prescription drug coverage.
Competitive 401(k) with generous matching.
PTO 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 coverage.
Paid parental leave of up to 10 weeks.
Student loan assistance.
Tuition reimbursement.
Backup child and elder care.
Incentive eligibility, including short- and long-term incentives.
Actuarial exam program with flexibility and support to study and pass; raises of up to $75,000 available.