Hamilton

Hartford CT

Jersey City NJ

Latham NY

Part Qualified

Associate

Qualified

Senior Actuary

Pensions

Property & Casualty

Reserving

Reporting

Risk

Modelling

Coding

Pricing

Valuation

Excel

Power BI

<div>Arch Capital Group is a global leader in providing specialty insurance, reinsurance, and mortgage insurance solutions. They focus on risk management, innovation and value creation, offering unique market opportunities. Actuaries at Arch Capital Group are involved in sophisticated risk analysis and pricing, contributing to the company's strategic approach to underwriting and financial stability.</div>

Arch Capital Group

With a company culture rooted in collaboration, expertise, and innovation, we aim to promote progress and inspire our clients, employees, investors, and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. This position is intended for a candidate seeking growth opportunity in a dynamic organization.The Actuarial Assistant is responsible for providing actuarial support to the Actuarial Pricing unit, including but not limited to: rate filings, model testing, actuarial report production, data calls, database management, and basic analysis. Some actuarial experience, preferably in pricing, is preferred but not required. This position reports to the Associate Actuary who will provide general supervision, but project work will be done for multiple actuaries throughout the Actuarial Pricing unit.The Actuarial Assistant will also be part of the company's Early Career Program. The Early Career Program Actuarial Track is a one-year training program geared toward ambitious college graduates looking to launch a high-performing career with a world-wide insurance leader. During the one-year program, Actuarial Assistants receive specialized training that can position them for career advancement and valuable industry certifications.Job ResponsibilitiesAs the Actuarial Assistant develops skills and gains experience, on-the-job responsibilities will include but are not limited to:<ul><li>Provide general support and assist US Actuarial Pricing team;</li><li>Understanding of insurance and actuarial concepts and methodologies;</li><li>Strong analytical, database, and spreadsheet skills;</li><li>Detail-oriented and organized, with focus on documentation;</li><li>Good written, oral, and interpersonal communication skills;</li><li>Able to perform independently and meet deadlines, with guidance from supervisor.</li></ul>Required Skills<ul><li>In addition to knowledge of mathematics, minimum qualifications include Excel skills to develop and use spreadsheets and databases.</li><li>Knowledge of computer programming languages, such as Visual Basic for Applications, Access, SAS, or SQL is a plus.</li></ul>Required Education<ul><li>Bachelor's Degree in Mathematics, Actuarial Science, or an equivalent field.</li></ul>For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Position is incentive eligible. $73,800 - $95,800/year.<ul><li>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.</li></ul>Do you like solving complex business problems, working with talented colleagues, and have an innovative mindset? Arch may be a great fit for you.

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.Responsibilities:<ul><li>Work in close collaboration with underwriting, pricing, claims and finance to develop a common view of the business. Work in partnership with the various stakeholders to identify emerging trends that could impact results and propose corrective action in a timely manner.</li><li>Provide proactive insights, identify the drivers and ensure that the reserve analyses reflect any changes in the portfolio to minimize volatility and avoid surprises.</li><li>Apply innovative approaches and leading-edge tools to analyze the business. Seek opportunities to leverage advanced analytics to provide greater insights. Ensure the quality of the data and its consistent application in the reserving process.</li><li>Establish a governance framework that ensures reserve guidelines are applied consistently across North American operations, complying with internal operational control requirements and all other external regulatory and audit requirements.</li><li>Lead the NAIC requirements related to and on behalf of the Arch Insurance U.S. Appointed Actuary's responsibilities including managing regulatory support and communication.</li><li>Independently manage external third-party consulting analyses streams and communication as well as external and internal audit framework and communication.</li><li>Lead financial reporting related to GAAP and Statutory financials on behalf of the reserving &amp; loss analytics team.</li><li>Prioritize the work to ensure the reserving and loss analytics function is delivering analyses that is of greatest benefit to the organization.</li></ul>Skills/Experience:Level and role are flexible for a talented candidate with long-term fit and potential. Candidates will be evaluated on:<ul><li>A minimum of 15 years' experience in progressively complex actuarial roles within the property and casualty insurance industry.</li><li>A minimum of 10 years' experience within a Reserving function.</li><li>Associate or Fellow of the Casualty Actuarial Society.</li><li>Leadership: Strength and experience as a teacher, manager, peer, leader and contributor to a positive culture.</li><li>Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuity.</li><li>Software skills: Excel, Word, PowerPoint, Power BI expected; basic database and programming skills are a big plus.</li><li>Excellent verbal and written communication skills. Able to communicate complex technical concepts to a wide range of audiences including executive leadership and the board.</li><li>Proven expertise leading and developing actuarial teams. This individual will have experience developing high performing teams with strong technical skills and business acumen.</li><li>Experience presenting to executive management and external stakeholders.</li><li>Demonstrated experience providing proactive guidance and sought-out insights to business leaders, executive management, and other stakeholders.</li></ul>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. $129,500 - $201,066/year.<ul><li>Total individual compensation (base salary, short &amp; long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope &amp; responsibilities of the role, qualifications, talent availability &amp; specialization as well as business needs. The above pay range may be modified in the future.</li></ul>Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you.

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.Job SummaryThe Actuarial Analyst will work under the supervision of the Managing Actuary. Responsibilities will include technical support to the actuaries such as preparing annual actuarial valuation reports and performing unit-testing to ensure the correctness of isolated codes in the actuarial valuation system. The Actuarial Analyst will also handle technical administrative duties and routine client communications.Responsibilities<ul><li>Perform valuation duties by developing/maintaining actuarial models; this includes actuarial valuations of Defined Benefit plans, calculations of annual contribution requirements, cost estimates of amending program provisions and preparing annual reports.</li><li>Assist in developing actuarial assumptions, techniques of plan funding, forms of benefit payment, and program provisions.</li><li>Analyze cost drivers and year-over-year trends of Defined Benefit plans; provide proper notification of significant issues that should be brought to the attention of actuaries.</li><li>Produce annual service fee agreements and data request forms aligned with client provisions by developing complex queries, tables, relationships, database objects, module and macro code using MS Access.</li><li>Work with actuaries and other Penflex colleagues for special client or company related projects.</li><li>Take initiative to improve processes and disseminate information and ideas to Penflex management and other staff as needed.</li><li>Continue actuarial education through approved programs and training.</li><li>Establishes trusting client relationships and delivers professional and responsive customer service.</li><li>Participates effectively on projects as measured by feedback from others and actual results.</li><li>Establishes respectful working relationships with coworkers.</li></ul>Education and Experience<ul><li>Bachelor’s or master’s degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work.</li><li>0-3 years of pension actuarial background.</li><li>Knowledge of Defined Benefit pension plans and provincial pension and tax legislation.</li><li>Minimum of 3 actuarial exams passed, or 10 years relevant quantitative work experience.</li><li>Significant coursework in Mathematics in Life Contingent Risks is preferred.</li><li>Pursuing actuarial exams with the goal of becoming an ASA or CERA credentials with future goal of becoming FSA preferred.</li><li>Expert proficiency in Microsoft Office Suite; Excellent skills in Visual Basic Application to update macros and Structured Query Language to develop/maintain Access modules are highly preferred.</li><li>Strong skills/experience in long-term actuarial modeling and exploratory data analysis.</li><li>Ability to write/communicate complex actuarial concepts in an understandable manner.</li><li>Ability to manage own workflow.</li><li>High energy with an ability to think clearly under pressure.</li><li>Must be motivated with good oral and written communication skills.</li><li>Dedicated team player, who demonstrates initiative and independence.</li><li>Time management and organizational skills are a must.</li></ul>For individuals assigned or hired to work in California, Colorado, Jersey City, NJ; New York State; and/or Washington State, the base salary range is listed below. This range is as of the time of posting. Position is incentive eligible.$55,000 - $75,000/year

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.Job Summary<ul><li>Lead a team of actuaries to support product development across Arch Insurance business units by preparing actuarial support for rate and rule filings, including indication analysis, impact calculations, competitor research, and state-specific exhibits</li><li>Serve as a lead representative collaborating with other actuarial leaders and cross-functional business partners on product development initiatives by providing filing strategies and being a creative sounding board to businesses</li><li>Develop tools and processes to improve automation, efficiency and quality; research and improve analyses and data sources</li><li>Coordinate and assist in the response to state rate filing objections and help negotiate approvals</li><li>Monitor and initiate bureau filings for rate and rule adoptions; review and interpret insurance regulations, bulletins, and publications to help determine rate impact and compliance risks for business units</li><li>Provide pricing support to help grow small commercial business profitably</li></ul>Why Work at Arch<ul><li>Arch highly values actuaries: Arch’s CEO, CFO, President and many business unit leads are actuaries. They will both cross-examine you, and highly value your insights.</li><li>Flat structure: You will present to the CEO and other executive management and your insights will make a difference.</li><li>Opportunity: No experience minimums, or waiting your turn. Arch has a lot of opportunity because of our growth and entrepreneurialism, and many Arch actuaries have been promoted within current roles in recognition of outstanding performance.</li><li>Culture: 92% of Arch employees are proud to work for Arch. We love the positive attitudes and collaborate environment, and proudly recommend Arch to friends and former colleagues.</li></ul>Key Evaluation Criteria<ul><li>Most Directors have 5-10 years of P&amp;C Insurance experience</li><li>P&amp;C Actuarial qualifications: actuaries and non-actuaries are welcome</li><li>Leadership: Strength and experience as a teacher, manager, peer, leader and contributor to a positive culture</li><li>Experience: knowledge of P&amp;C Insurance products and filings in admitted lines, and engaging with DOIs</li><li>Efficiency, productivity and organizational skills, including ability to manage a large team</li><li>Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuity</li><li>Superior communication skills are important for partnering with cross-functional business partners</li><li>Software skills: Excel, Word, Power Point expected; database and programming skills are a plus</li></ul>About Arch Insurance GroupArch Insurance Group, part of Arch Capital Ltd, is a specialty insurer built around talent intensive businesses. We prioritize niche focus, underwriting expertise, flexibility, diversification and disciplined cycle management. We work creatively to provide new value and solutions to our clients and distribution partners. Arch highly values actuaries and actuarial expertise. Many senior executives and business unit leaders are actuaries by training. Learn more about Arch at <a href="https://www.archgroup.com/about/">https://www.archgroup.com/about/</a>For individuals assigned or hired to work in California, Colorado, Jersey City, NJ; New York State; and/or Washington State, the base salary range is listed below. This range is as of the time of posting. Position is incentive eligible.$129,500 - $201,066/year

Actuarial jobs at Arch Capital Group