Arch Insurance Group Inc.
AVP, Actuarial Claim Analysis & Insights
Arch Insurance Group Inc., Hartford, Connecticut, us, 06112
AVP, Actuarial Claim Analysis & Insights
Arch Insurance Group Inc. is seeking an AVP, Actuarial Claim Analysis & Insights. This leadership role within the Corporate Actuarial and Loss Analytics Department will gather and analyze objective claims data and subjective inputs to derive actionable insights for Actuarial and Claims Executives. The role participates in Claims and Actuarial strategy development, influences change across the organization, and supports development of the Claims Analysis function by building data/analytical capabilities and leveraging technologies and processes in coordination with the Arch Insurance North America Actuarial and Claims teams. This leader will begin as an individual contributor with potential to build a team as the function expands. Responsibilities And Accountabilities
Provide executive-level support directly to the Actuarial and Claims executives. Become an expert in both Claims and Actuarial data. Partner with Claims and Actuarial to identify drivers of financial and actuarial data to ensure alignment and influence change. Act as the intermediary between claims and pricing/reserving actuaries to enhance communication and collaboration. Communicate complex actuarial concepts clearly to non-actuarial stakeholders in an actionable way. Required Skills And Abilities
Provide an advanced level of expertise in the claim loss analytics space through a strong understanding of claim handling practices and the ability to derive insight critical to positively influencing work in pricing, reserving, claims outcomes, and underwriting decision making. Understand and measure existing and proposed changes to the claims handling processes and provide valuable insights regarding the impact on loss trends, case adequacy, financial results, and parameter studies. Examples include reserving, extensive loss management and claim coding practices, etc. Apply innovative approaches and leading-edge tools to analyze the business. Seek opportunities to leverage advanced analytics to provide greater insights. Ensure the quality of the data and its consistent application in the reserving process. Assume an active leadership role within Arch’s actuarial community and keep abreast of new methodologies, trends and product/tort reforms and other external issues. Desired Skills And Abilities
10+ years of experience in data transformation, business intelligence and analytics with progressive hands-on roles Claims experience preferred. Experience building out an analytics capability and accountability framework across data & analytics. Strong understanding of claims case reserving practices, general claims policies and procedures, as well as how these impact actuarial diagnostics and projections. Experience working closely with the Claims organization to develop an advanced understanding and providing insights around how Claims practices can impact reserve adequacy, development patterns as well as production metrics. Proven ability to dissect complex business issues, perform research and analysis, and synthesize conclusions into a value-maximizing strategy. Excellent verbal and written communication skills. Able to communicate complex technical concepts to a wide range of audiences including executive leadership and the board. Knows how and when to keep others informed. Education And Experience
Advanced knowledge of analytic tools (Python, R, SQL), data visualization (Tableau, Qlik, Power BI), as well as data manipulation (SQL, Python, Snowflake, etc). Sufficient software skills in Excel, Word, and PowerPoint A university degree in a quantitative discipline. Fellow of the Casualty Actuarial Society preferred. Base pay range
$129,500.00/yr - $201,066.00/yr Compensation by Location
NYC/JC: $129,500 - $201,066/yr Chicago/Hartford: $116,600 - $180,959/yr St. Paul: $100,400 - $155,826/yr Seniority level
Executive Employment type
Full-time Job function
Finance and Sales Industries
Insurance
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Arch Insurance Group Inc. is seeking an AVP, Actuarial Claim Analysis & Insights. This leadership role within the Corporate Actuarial and Loss Analytics Department will gather and analyze objective claims data and subjective inputs to derive actionable insights for Actuarial and Claims Executives. The role participates in Claims and Actuarial strategy development, influences change across the organization, and supports development of the Claims Analysis function by building data/analytical capabilities and leveraging technologies and processes in coordination with the Arch Insurance North America Actuarial and Claims teams. This leader will begin as an individual contributor with potential to build a team as the function expands. Responsibilities And Accountabilities
Provide executive-level support directly to the Actuarial and Claims executives. Become an expert in both Claims and Actuarial data. Partner with Claims and Actuarial to identify drivers of financial and actuarial data to ensure alignment and influence change. Act as the intermediary between claims and pricing/reserving actuaries to enhance communication and collaboration. Communicate complex actuarial concepts clearly to non-actuarial stakeholders in an actionable way. Required Skills And Abilities
Provide an advanced level of expertise in the claim loss analytics space through a strong understanding of claim handling practices and the ability to derive insight critical to positively influencing work in pricing, reserving, claims outcomes, and underwriting decision making. Understand and measure existing and proposed changes to the claims handling processes and provide valuable insights regarding the impact on loss trends, case adequacy, financial results, and parameter studies. Examples include reserving, extensive loss management and claim coding practices, etc. Apply innovative approaches and leading-edge tools to analyze the business. Seek opportunities to leverage advanced analytics to provide greater insights. Ensure the quality of the data and its consistent application in the reserving process. Assume an active leadership role within Arch’s actuarial community and keep abreast of new methodologies, trends and product/tort reforms and other external issues. Desired Skills And Abilities
10+ years of experience in data transformation, business intelligence and analytics with progressive hands-on roles Claims experience preferred. Experience building out an analytics capability and accountability framework across data & analytics. Strong understanding of claims case reserving practices, general claims policies and procedures, as well as how these impact actuarial diagnostics and projections. Experience working closely with the Claims organization to develop an advanced understanding and providing insights around how Claims practices can impact reserve adequacy, development patterns as well as production metrics. Proven ability to dissect complex business issues, perform research and analysis, and synthesize conclusions into a value-maximizing strategy. Excellent verbal and written communication skills. Able to communicate complex technical concepts to a wide range of audiences including executive leadership and the board. Knows how and when to keep others informed. Education And Experience
Advanced knowledge of analytic tools (Python, R, SQL), data visualization (Tableau, Qlik, Power BI), as well as data manipulation (SQL, Python, Snowflake, etc). Sufficient software skills in Excel, Word, and PowerPoint A university degree in a quantitative discipline. Fellow of the Casualty Actuarial Society preferred. Base pay range
$129,500.00/yr - $201,066.00/yr Compensation by Location
NYC/JC: $129,500 - $201,066/yr Chicago/Hartford: $116,600 - $180,959/yr St. Paul: $100,400 - $155,826/yr Seniority level
Executive Employment type
Full-time Job function
Finance and Sales Industries
Insurance
#J-18808-Ljbffr