Arch Insurance Group Inc.
AVP, Actuarial Pricing
Arch Insurance Group Inc., Minneapolis, Minnesota, United States, 55400
Overview
Base pay range: $129,500.00/yr - $201,066.00/yr. This range is provided by Arch Insurance Group Inc.. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Your Role
This is a rare opportunity to help build a Marine insurance business from the ground up. You’ll play a pivotal role in shaping pricing strategy, developing tools, and establishing actuarial foundations for both Ocean and Inland Marine lines. Whether you bring direct Marine experience or have led the development of a new business unit in another line, we’re looking for someone who thrives in a fast-moving, entrepreneurial environment. You’ll manage one direct report and work closely with a broader team of actuaries, underwriters, and business partners to deliver insights, develop pricing strategies, and monitor portfolio performance. Key Responsibilities
Collaborate to Build a New Marine Business Unit. Lead actuarial efforts to establish and grow the Marine portfolio, including pricing frameworks, monitoring tools, and strategic input. Partner with underwriting and leadership to shape the direction of the business. Tool Development. Design, build, and maintain Excel-based pricing and monitoring tools to support Marine underwriting and portfolio management. Excel will serve as a stepping stone—part of your role will be to help evaluate, recommend, and implement a more strategic long-term solution for pricing infrastructure and analytics. Profitability Reviews & New Business Analysis. Evaluate Marine products using actuarial techniques to assess portfolio profitability and identify opportunities for improvement. Actuarial Research & Methodology. Conduct studies to refine pricing methodologies, segmentations, and assumptions specific to Ocean and Inland Marine exposures. Team Leadership & Partnership. Manage one direct report and collaborate with a broader team of actuaries. Foster a culture of innovation, shared learning, and cross-functional teamwork. Monitoring & Reporting. Track rate changes, pricing adequacy, and underwriting mix for new and renewal business. Provide actionable insights to Marine underwriters and leadership. Why Join Us
Build Something New: Be part of launching a Marine business from scratch. Opportunity: Rapid growth and entrepreneurial culture mean your contributions are visible and valued. Career Development: Robust exam support and advancement opportunities. Flat Structure: Present directly to senior leaders and influence key decisions. Innovation Culture: Be part of a team that values creativity and continuous improvement. Key Qualifications
Credentials: FCAS preferred; ACAS or equivalent actuarial designation accepted. Experience: 8+ years in P&C actuarial roles; most AVPs have 8–12 years or more of experience. Technical Skills: Advanced Excel and VBA required; familiarity with Python or SQL a plus. Business Acumen: Strong understanding of insurance products, underwriting, and claims. Leadership: Experience managing or mentoring others and working cross-functionally. Communication: Strong interpersonal and presentation skills. Compensation & Locations
For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible. NYC, JC: $129,500 - $201,066 Chicago, Hartford: $116,600 - $180,959 St. Paul: $100,400 - $155,826 Total compensation (base salary, short & long-term incentives) will consider factors including location, scope & responsibilities, qualifications, and business needs. The pay range above may be modified in the future. Arch is committed to helping employees succeed through our comprehensive benefits package that includes medical plans, dental, vision, prescription drug coverage; a 401k with generous matching; PTO starting at 20 days per year; up to 12 paid holidays per year plus 2 paid Volunteer Time Off; life and disability insurance; paid parental leave; student loan assistance and tuition reimbursement; backup child and elder care; and more. Click here to learn more about available benefits. Do you like solving complex business problems, working with talented colleagues and having an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert by creating an account and opting in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team. 14400 Arch Insurance Group Inc. Referrals increase your chances of interviewing at Arch Insurance Group Inc. by 2x
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Base pay range: $129,500.00/yr - $201,066.00/yr. This range is provided by Arch Insurance Group Inc.. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Your Role
This is a rare opportunity to help build a Marine insurance business from the ground up. You’ll play a pivotal role in shaping pricing strategy, developing tools, and establishing actuarial foundations for both Ocean and Inland Marine lines. Whether you bring direct Marine experience or have led the development of a new business unit in another line, we’re looking for someone who thrives in a fast-moving, entrepreneurial environment. You’ll manage one direct report and work closely with a broader team of actuaries, underwriters, and business partners to deliver insights, develop pricing strategies, and monitor portfolio performance. Key Responsibilities
Collaborate to Build a New Marine Business Unit. Lead actuarial efforts to establish and grow the Marine portfolio, including pricing frameworks, monitoring tools, and strategic input. Partner with underwriting and leadership to shape the direction of the business. Tool Development. Design, build, and maintain Excel-based pricing and monitoring tools to support Marine underwriting and portfolio management. Excel will serve as a stepping stone—part of your role will be to help evaluate, recommend, and implement a more strategic long-term solution for pricing infrastructure and analytics. Profitability Reviews & New Business Analysis. Evaluate Marine products using actuarial techniques to assess portfolio profitability and identify opportunities for improvement. Actuarial Research & Methodology. Conduct studies to refine pricing methodologies, segmentations, and assumptions specific to Ocean and Inland Marine exposures. Team Leadership & Partnership. Manage one direct report and collaborate with a broader team of actuaries. Foster a culture of innovation, shared learning, and cross-functional teamwork. Monitoring & Reporting. Track rate changes, pricing adequacy, and underwriting mix for new and renewal business. Provide actionable insights to Marine underwriters and leadership. Why Join Us
Build Something New: Be part of launching a Marine business from scratch. Opportunity: Rapid growth and entrepreneurial culture mean your contributions are visible and valued. Career Development: Robust exam support and advancement opportunities. Flat Structure: Present directly to senior leaders and influence key decisions. Innovation Culture: Be part of a team that values creativity and continuous improvement. Key Qualifications
Credentials: FCAS preferred; ACAS or equivalent actuarial designation accepted. Experience: 8+ years in P&C actuarial roles; most AVPs have 8–12 years or more of experience. Technical Skills: Advanced Excel and VBA required; familiarity with Python or SQL a plus. Business Acumen: Strong understanding of insurance products, underwriting, and claims. Leadership: Experience managing or mentoring others and working cross-functionally. Communication: Strong interpersonal and presentation skills. Compensation & Locations
For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible. NYC, JC: $129,500 - $201,066 Chicago, Hartford: $116,600 - $180,959 St. Paul: $100,400 - $155,826 Total compensation (base salary, short & long-term incentives) will consider factors including location, scope & responsibilities, qualifications, and business needs. The pay range above may be modified in the future. Arch is committed to helping employees succeed through our comprehensive benefits package that includes medical plans, dental, vision, prescription drug coverage; a 401k with generous matching; PTO starting at 20 days per year; up to 12 paid holidays per year plus 2 paid Volunteer Time Off; life and disability insurance; paid parental leave; student loan assistance and tuition reimbursement; backup child and elder care; and more. Click here to learn more about available benefits. Do you like solving complex business problems, working with talented colleagues and having an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert by creating an account and opting in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team. 14400 Arch Insurance Group Inc. Referrals increase your chances of interviewing at Arch Insurance Group Inc. by 2x
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