Actuarial Analyst - Mid (Insurance)

Arch Global Services (Philippines) Inc.; Cebu City; Hybrid; PHP 800,000 - 1,200,000; Full time

Job summary

A leading actuarial services firm is seeking an Actuarial Analyst to join their MidCorp Pricing team in Cebu City. This role entails conducting pricing analysis for insurance products and requires a Bachelor's degree in a quantitative discipline along with 3-5 years of experience in casualty actuarial work. The firm offers a hybrid work environment, promoting growth and collaboration among teams.

Qualifications

• 3-5 years of casualty actuarial work experience.
• Knowledge of insurance and actuarial concepts.
• Strong Excel skills.

Responsibilities

• Conduct actuarial pricing analysis for products.
• Prepare loss ratings for large accounts.
• Build tools for rate indications and segmentation studies.

Skills

Analytical skills

Communication skills

Programming languages knowledge (SQL, SAS, Python, VBA)

Detail orientation

Time management skills

Teamwork

Education

Bachelor’s degree in quantitative discipline

Job description

Hybrid - Cebu 3-5 Yrs Exp Bachelor Full-time

Job Description

Why Work at Arch

• Opportunity: We’re looking for future leaders. Arch’s entrepreneurial culture offers many development opportunities for actuaries.
• Growth: Arch’s premium has doubled in the past five years. Learn a broad variety of actuarial techniques while helping us expand current businesses and build new ones.
• Flat structure: You will collaborate with business unit colleagues and senior actuarial executives. Your insights will influence strategy.

Your Role

We are seeking a detail-oriented Actuarial Analyst to join our MidCorp Pricing team. The ideal candidate will leverage their analytical and technical skills to support actuarial pricing for our Middle Market insurance products, including Commercial Auto, General Liability, Property, and Workers’ Compensation.

• Conduct actuarial pricing analysis for middle market products, industries, and state
• Prepare loss ratings for large accounts to support underwriting profitability
• Build and enhance tools for rate indications, segmentation studies, and other actuarial analyses
• Query, validate, and analyze data to monitor key performance indicators

Job Description (continued)

• Actuarial studies – parameter selection, book profitability, segmentation
• Loss rating analysis – large account pricing
• Monitoring and reporting – price monitors, benchmarks
• Tool development – programming and testing tools such as pricing models and dashboards
• Ad-hoc analysis requests from actuaries or business units

Qualifications

• Curiosity, motivation, and ability to self-teach
• Pride of ownership – detail oriented, committed to accuracy and quality
• Knowledge of computer programming languages such as SQL, SAS, Python, and VBA is beneficial
• Understanding of insurance and actuarial concepts and methodologies
• Strong analytical, database, and Excel skills
• Strong written, oral and interpersonal communication skills
• Strong prioritization and time management skills
• Strong team player with leadership attributes
• Hours will be 9am-6pm US Eastern Time with potential to switch to earlier shift after one year

Additional Information

• Bachelor’s degree with a concentration in a quantitative discipline such as actuarial science, statistics, computer science, mathematics, economics, or operations research
• 3 to 5 years of casualty actuarial work experience
• 2 to 4 casualty actuarial experience

Working Location

If the position requires you to work overseas, please be vigilant and beware of fraud. If you encounter an employer who has the following actions during your job search, please report it immediately: withholds your ID, requires you to provide a guarantee or collects property.

Please refer to the job description for more details.