Senior Actuarial Analyst, Reserving & Loss Analytics

Arch Insurance Group Inc.•Jersey City, NJ

1d•Hybrid

About The Position

Arch Insurance Company is seeking a motivated actuarial candidate to join a dynamic reserving and loss analytics team. Reserving-related engagements account for the majority of the role, with the remainder dealing with financial reporting, profitability studies, and claim analytics engagements. This position will require application of the latest actuarial approaches to ensure appropriate reserve adequacy and reporting, as well as innovative thinking to help drive newly developed strategic vision and leverage available data, industry information, foundational analytics for critical decision making, and help with development of analytical tools and insights. The ideal candidate will have strong analytical and communication skills, committed to developing strong business acumen, and most importantly, will work well in a team environment in close partnership with Pricing Actuarial, Underwriting, Claim, IT, Finance, and other functions. This position offers a challenging role, opportunities for growth and advancement, a competitive compensation package, solid benefits, in a dynamic and forward looking actuarial team.

Requirements

Prior experience in a corporate or business unit reserving function required.
Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, claims, etc.
Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbal and in writing.
Ability to establish and build effective relationships within the organization.
A critical thinker who will challenge others in a respectful manner and will be open to being challenged.
A detail-oriented person who can be committed to both quality as well as accuracy

Nice To Haves

Demonstrated programming skills (such as SQL, R or Python) preferred.
Experience presenting results / findings to senior management a plus.

Responsibilities

Assist with the Arch Quarterly Reserving process (i.e. Arch reserve analyses and reports, including discussions with claims, underwriters, senior management, and outside consultants and auditors)
Assist with and/or lead the development of new reserving techniques, as well as new ways to examine the data while leveraging external and internal information, and helping improve and expand visuals to support findings and provide insight to senior management.
Assist with and/or lead quarterly in-depth analysis for several business divisions, the discussions around assumptions and uncertainty, including presentation to executives, development of ongoing forecast process together with input on trend and plan projections.
Collaborate closely with business division leaders, pricing actuarial, and claims to identify loss trends and emerging issues that could impact results and assist in developing proposals for corrective action in a timely manner.
Assist with GAAP and SAP Financial Reporting (e.g. actuarial opinions, actuarial reports, statutory statements, and 10-Q/K reporting)
Assist in developing a discussion supporting the quarterly result and the drivers behind it.
Assist with Quarterly Underwriting Year, NPV, and ROE analyses.