Arch Insurance Group Inc.
AVP, Actuarial Pricing
Arch Insurance Group Inc., Jersey City, New Jersey, United States, 07390
AVP, Actuarial Pricing – Arch Insurance Group Inc.
Base Pay Range: $160,000.00/yr - $200,000.00/yr
Location: New York, NY
Your Role
Profitability Reviews/New Submission Analyses: Review products by applying actuarial concepts and techniques to determine portfolio profitability; analysing and digging into detailed segmentations.
Monitor and Reporting: Monitor portfolio rate change, pricing adequacy and underwriting mix change on new and renewal business to guide Program Managers and make informed decisions.
Actuarial Studies: Analyses and research to improve pricing parameters, methodologies and segmentations to better identify profitable opportunities.
Tool Building: Design, programme, and maintain critical tools used in pricing and book monitoring.
Leadership: Identify and nurture future leaders, provide them with regular coaching and opportunities to lead.
Key Evaluation Criteria
P&C Actuarial qualifications: ACAS, FCAS, or similarly qualified professional.
8+ years of relevant experience; demonstrated ability in actuarial and quantitative analysis and statistical concepts.
Business Acumen: In-depth understanding and knowledge of key business drivers in underwriting, products, reinsurance, claims, and financials.
Software skills: Strong programming skills such as Python, SQL, VBA for building tools and advanced research.
Leadership: Thought leader and innovator, strength and experience as a teacher, manager, peer, leader and contributor to a positive culture; takes ownership of strategic initiatives and ability to influence business outcomes.
Communication and Partnership: Excellent communication, collaboration, and relationship‑building skills.
Benefits
Medical plans (including dental, vision, and prescription drug coverage); competitive 401(k) with generous matching.
PTO starting at 20 days per year; up to 12 paid company holidays per year plus 2 paid volunteer days.
Basic Life & AD&D Insurance, Short and Long-Term Disability.
Paid Parental Leave up to 10 weeks; Student Loan Assistance and Tuition Reimbursement.
Backup Child and Elder Care support.
Additional benefits –
Click here to learn more on available benefits.
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Location: New York, NY
Your Role
Profitability Reviews/New Submission Analyses: Review products by applying actuarial concepts and techniques to determine portfolio profitability; analysing and digging into detailed segmentations.
Monitor and Reporting: Monitor portfolio rate change, pricing adequacy and underwriting mix change on new and renewal business to guide Program Managers and make informed decisions.
Actuarial Studies: Analyses and research to improve pricing parameters, methodologies and segmentations to better identify profitable opportunities.
Tool Building: Design, programme, and maintain critical tools used in pricing and book monitoring.
Leadership: Identify and nurture future leaders, provide them with regular coaching and opportunities to lead.
Key Evaluation Criteria
P&C Actuarial qualifications: ACAS, FCAS, or similarly qualified professional.
8+ years of relevant experience; demonstrated ability in actuarial and quantitative analysis and statistical concepts.
Business Acumen: In-depth understanding and knowledge of key business drivers in underwriting, products, reinsurance, claims, and financials.
Software skills: Strong programming skills such as Python, SQL, VBA for building tools and advanced research.
Leadership: Thought leader and innovator, strength and experience as a teacher, manager, peer, leader and contributor to a positive culture; takes ownership of strategic initiatives and ability to influence business outcomes.
Communication and Partnership: Excellent communication, collaboration, and relationship‑building skills.
Benefits
Medical plans (including dental, vision, and prescription drug coverage); competitive 401(k) with generous matching.
PTO starting at 20 days per year; up to 12 paid company holidays per year plus 2 paid volunteer days.
Basic Life & AD&D Insurance, Short and Long-Term Disability.
Paid Parental Leave up to 10 weeks; Student Loan Assistance and Tuition Reimbursement.
Backup Child and Elder Care support.
Additional benefits –
Click here to learn more on available benefits.
#J-18808-Ljbffr