Arch Insurance Group Inc.
AVP, Actuarial Pricing
Arch Insurance Group Inc. offers this position to become part of our progressive team. We provide a base salary range of $160,000 to $200,000 per year for the selected candidate.
We are a culture rooted in collaboration, expertise and innovation. Our work is the catalyst that helps others achieve their goals. We enable possibility™.
About the Role You will provide actuarial support to the P&C Programs Insurance Business Unit, including MidCorp programs. This division values actuarial support in both quantitative and qualitative capacities. The AVP Actuary will lead a team of actuaries to partner with business to deliver actuarial insights, develop actionable strategies, monitor executions and use leading indicators to assess business health.
Responsibilities
Profitability Reviews/New Submission Analyses – review products by applying actuarial concepts and techniques to determine portfolio profitability; analyze and dig 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, program 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.
Why Work at Arch
Opportunity – No experience minimums or waiting your turn. Arch has significant growth and many actuaries have been promoted within roles for outstanding performance.
Exam program – Up to $75,000 in raises available, plus flexibility and support to study and pass.
Flat structure – You will present to business unit leaders and senior actuarial executives, and your insights will make a difference.
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 of underwriting, products, reinsurance, claims and financials.
Software Skills – strong programming skills in Python, SQL, VBA for building tools and advanced research.
Leadership – experience as teacher, manager, peer, leader and contributor to a positive culture.
Communication and Partnership – excellent communication, collaboration and relationship‑building skills.
Benefits
Comprehensive benefits package including medical, dental, vision and prescription drug coverage; competitive 401(k) with generous matching; paid time off beginning at 20 days per year; up to 12 paid company holidays plus 2 paid days of volunteer time; basic Life and AD&D insurance, short and long‑term disability; paid parental leave up to 10 weeks; student loan assistance; tuition reimbursement; backup child and elder care support; and more.
Senior Level Executive
Employment Type Full‑time
Job Function Sales and Business Development
Industries Insurance
Do you like solving complex business problems, working with talented colleagues, and have 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 and join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
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We are a culture rooted in collaboration, expertise and innovation. Our work is the catalyst that helps others achieve their goals. We enable possibility™.
About the Role You will provide actuarial support to the P&C Programs Insurance Business Unit, including MidCorp programs. This division values actuarial support in both quantitative and qualitative capacities. The AVP Actuary will lead a team of actuaries to partner with business to deliver actuarial insights, develop actionable strategies, monitor executions and use leading indicators to assess business health.
Responsibilities
Profitability Reviews/New Submission Analyses – review products by applying actuarial concepts and techniques to determine portfolio profitability; analyze and dig 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, program 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.
Why Work at Arch
Opportunity – No experience minimums or waiting your turn. Arch has significant growth and many actuaries have been promoted within roles for outstanding performance.
Exam program – Up to $75,000 in raises available, plus flexibility and support to study and pass.
Flat structure – You will present to business unit leaders and senior actuarial executives, and your insights will make a difference.
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 of underwriting, products, reinsurance, claims and financials.
Software Skills – strong programming skills in Python, SQL, VBA for building tools and advanced research.
Leadership – experience as teacher, manager, peer, leader and contributor to a positive culture.
Communication and Partnership – excellent communication, collaboration and relationship‑building skills.
Benefits
Comprehensive benefits package including medical, dental, vision and prescription drug coverage; competitive 401(k) with generous matching; paid time off beginning at 20 days per year; up to 12 paid company holidays plus 2 paid days of volunteer time; basic Life and AD&D insurance, short and long‑term disability; paid parental leave up to 10 weeks; student loan assistance; tuition reimbursement; backup child and elder care support; and more.
Senior Level Executive
Employment Type Full‑time
Job Function Sales and Business Development
Industries Insurance
Do you like solving complex business problems, working with talented colleagues, and have 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 and join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
#J-18808-Ljbffr