VP, Reserving Innovation & Data

Arch Insurance Group Inc. • Jersey City, NJ

3d • Hybrid

About The Position

The Reserving Innovation & Data team is an exciting new opportunity within the broader Reserving and Loss Analytics team at Arch. Its mission is to elevate how data and analytics are leveraged across Reserving. The team will serve as both a center of expertise and a catalyst for innovation, efficiency, and more sophisticated analytics across the entire Reserving team. The VP, Reserving Innovation & Data, will play a critical role in shaping this function. They will provide technical strategic leadership, champion best data practices, and optimize resource utilization to deliver scalable, high-quality data/analytical solutions. They will be a key member of the Actuarial Reserving and Loss Analytics leadership team helping to advance our data and analytics capacities across the entire team. The VP will have the opportunity to drive the identification and evaluation of the needs of the Reserving team and craft the Reserving Innovation & Data team to elevate reserving innovation at Arch.

Requirements

• 10+ years Property and Casualty experience in Actuarial and/or data related functions
• 5+ years managing a team

Nice To Haves

• Demonstrated experience building data expertise and tools to support analytics/research/actuarial functions in an insurance company setting
• Strong proficiency with SQL as well as Python or other coding language
• Experience with an orchestration tool like Airflow
• Experience with cloud technologies like Snowflake
• Ability to operate independently - managing tasks and engaging people across the team
• Exceptional collaboration and relationship building skills
• Comfortable handling ambiguous concepts and breaking down complex problems into manageable pieces
• Strong data manipulation skills for analytics
• Resilient problem solving and critical thinking skills
• Exceptional verbal and written communication skills, with the ability to tailor messaging for technical and non-technical audiences, including senior executives
• Flexibility - able to meet changing requirements and priorities

Responsibilities

• Partner with Reserving leadership to define and execute a data and analytics strategy that enhances reserving insights, efficiency, and decision-making
• Own data quality initiatives across the reserving department
• Support enterprise-wide data initiatives
• Own and develop strategies to improve the efficiency and analytics of the department as a whole, including ResQ implementation, Reserving process improvements, booking tool development and integration, and more
• Serve as the primary liaison between Reserving and the IT, Enterprise Data, and related teams
• Lead and mentor mid-level and junior team members to develop best-in-class solutions that solve complex business challenges in partnership with strategic stakeholders
• Explore modern technologies and data sources with curiosity and creativity
• Provide the appropriate documentation of sources and technical solutions
• Prioritize competing priorities across portfolios and resources
• Build strong partnerships with peers across the organization to support strategic goals
• Continuously advance team capabilities and workflows

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 plus 2 paid days of Volunteer Time Offer
• basic Life and AD&D Insurance as well as Short and Long-Term Disability
• Paid Parental Leave of up to 10 weeks
• Student Loan Assistance and Tuition Reimbursement
• Backup Child and Elder Care

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: Associate degree