Your RoleYou will provide actuarial support to the Entertainment Business Unit. This division highly values actuarial support, in both quantitative & 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 leading indicators to assess business health.
- Profitability Reviews: Review products including Auto, GL, Property, Inland Marine, Workers Comp, Umbrella by applying actuarial techniques to determine portfolio profitability; analyzing and digging into detailed segmentations.
- Large Account Pricing: Provide actuarial premium recommendation on large new and renewal accounts.
- Monitor and Reporting: Monitor portfolio rate change, pricing adequacy and underwriting mix change on new and renewal business to help Program/Underwriting Managers make data-driven decisions.
- Actuarial Studies: Analyses and research to improve pricing parameters, methodologies and segmentations to better identify profitable opportunities and improve mix.
- Tool Building: Our team thrives on innovation. You will 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.
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 and disciplines 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
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.
For JC, NYC: $160,000 - $224,000/year
For Chicago, Hartford, St. Paul: $153,000 - $207,000/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.
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! Simply create an account and opt 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.
