The position is in the Actuarial Reserving department. The employee would assist in reserving all lines of business, financial reporting, and special projects. Special projects include pattern reviews, line of business studies, retrocession submissions, and opportunities to improve processes. Frequent collaboration with underwriting, claims, legal, and finance departments would occur.
Responsibilities
- Coordinate and maintain detail loss development triangles for all lines of business
- Develop and monitor multiple loss development factors
- Analyze loss characteristics
- Solve complex problems and develop innovative approaches with minimal supervision
- Build and refurbish tools and models to streamline business processes and workflows
- Direct and complete large projects, utilizing resources from multiple disciplines
- Operate as an effective team member by supporting projects that support the broader actuarial team
- Support the centralized regulatory services group as needed for product initiatives and filings
- Preparing financial statements and reports and management reports
- Support group strategy initiatives
- Assist in annual planning and budget process
- Help develop AI capabilities to improve process efficiency and sophistication
- Maintaining SOX control documentation
Qualifications
- 3-5 years of Actuarial experience
- At least 3 Actuarial exams preferable
- Excellent quantitative, analytical and problem-solving skills
- Strong verbal and written communication skills
- Proficiency in MS Office products
- Programming knowledge (VBA, SQL, or others) strongly preferable
- Ability to work efficiently independently and in a group setting
- Ability to manage time effectively, prioritize tasks, and consistently meet deadlines
This role is to be located in the Morristown, NJ office location.
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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.
$100,000 - $134,000/year
- Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.
- Arch is committed to helping employees succeed through our comprehensive benefits package that includes 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; and more. Click here to learn more on available benefits.
13100 Arch Reinsurance Company
