Senior Actuarial Analyst

Arch Insurance Group Inc. • Morristown, NJ

2d • Onsite

About The Position

The position is in the Actuarial Reserving department. The employee would assist in reserving all lines of business, financial reporting, and special projects. Special projects include pattern reviews, line of business studies, retrocession submissions, and opportunities to improve processes. Frequent collaboration with underwriting, claims, legal, and finance departments would occur.

Requirements

• 10 years of Actuarial experience
• At least 5 Actuarial exams preferable
• Excellent quantitative, analytical and problem-solving skills
• Strong verbal and written communication skills
• Proficiency in MS Office products
• Programming knowledge (VBA, SQL, or others) strongly preferable
• Ability to work efficiently independently and in a group setting
• Ability to manage time effectively, prioritize tasks, and consistently meet deadlines

Responsibilities

• Coordinate and maintain detail loss development triangles for all lines of business
• Develop and monitor multiple loss development factors
• Become expert on one or more lines of business for reserving and annual assumption review
• Analyze loss characteristics
• Manage complex problems and develop innovative approaches without supervision
• Build and refurbish tools and models to streamline business processes and workflows
• Direct and complete large projects, utilizing resources from multiple disciplines
• Operate as an effective team member by supporting projects that support the broader actuarial team
• Support the centralized regulatory services group as needed for product initiatives and filings
• Preparing financial statements and reports
• Serve as liaison for groupwide strategy initiatives
• Assist in annual planning and budget process
• Help develop AI capabilities to improve process efficiency and sophistication
• Maintaining SOX control documentation

Benefits

• multiple medical plans plus dental, vision and prescription drug coverage
• a competitive 401k with generous matching
• PTO beginning at 20 days per year
• up to 12 paid company holidays per year
• 2 paid days of Volunteer Time Offer
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed