Arch Capital Group Ltd.

Director, Actuary (Hybrid)

Arch Capital Group Ltd.$130K — $180K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • P&C Actuarial qualifications: ACAS, FCAS, or similarly qualified professional
  • 6+ years of relevant experience in actuarial and quantitative analysis
  • In-depth understanding of underwriting, products, reinsurance, claims, and financial drivers
  • Strong programming skills in Python, SQL, and VBA
  • Proven leadership ability as a thought leader and innovator
  • Excellent communication and collaboration skills

Responsibilities

  • Review products for portfolio profitability using actuarial concepts
  • Monitor portfolio rate changes and pricing adequacy for informed decisions
  • Conduct actuarial studies to improve pricing methodologies
  • Provide premium recommendations for large new and renewal accounts
  • Design and maintain critical actuarial tools for pricing and monitoring
  • Collaborate with predictive modeling teams to enhance underwriting profitability

Benefits

  • Comprehensive medical plans including dental, vision, and prescription drug coverage
  • Competitive 401k with generous matching contributions
  • Generous PTO starting at 20 days per year and 12 paid holidays
  • Paid Volunteer Time off (2 days)
  • Paid Parental Leave up to 10 weeks
  • Student Loan Assistance and Tuition Reimbursement
  • Backup Child and Elder Care assistance
Full Job Description
Position Summary:

You will provide actuarial support to the P&C Programs Insurance Business Unit. This division highly values actuarial support, in both quantitative & qualitative capacities. The Director 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.

Responsibilities and Accountabilities:

  • Profitability Reviews/New Submission Analyses: Review products by applying actuarial concepts and techniques to determine portfolio profitability; analyzing 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. 
  • Large Account Pricing: Provide actuarial premium recommendation on large new and renewal accounts.
  • Tool Building: Our team thrives on innovation. You will design, program, and maintain critical tools used in pricing, and book monitoring
  • Partnering with Strategic Analytics: Our actuaries and predictive modeling teams work closely together to deploy advanced analytics and automation tools to help our businesses underwrite more profitably.

Required Skills and Abilities:
  • P&C Actuarial qualifications: ACAS, FCAS, or similarly qualified professional
  • 6+ 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

#LI-LH1

#LI-Hybrid

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.

$130,000 - $180,000/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 to learn more on available benefits.

About Arch Capital Group Ltd.

Arch Capital Group Ltd. is a Bermuda-based public limited liability company which writes insurance, reinsurance and mortgage insurance on a worldwide basis. Arch Capital Services Inc. provides support and expertise to entities across ACGL to help them operate effectively and efficiently. Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. Arch Capital Group Ltd. is a Bermuda-based public limited liability company which writes insurance, reinsurance and mortgage insurance on a worldwide basis. Arch Capital Services Inc. provides support and expertise to entities across ACGL to help them operate effectively and efficiently. Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth.
Learn more about Arch Capital Group Ltd.
Size
4,000 employees
Market Cap
$23.1 billion
Industry
Net Income
$1.4 billion
5 Year Trend
+16.3%
Revenue
$8.3 billion

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