Director, Actuary

Arch Insurance Group Inc.; Hartford (CT); On-site; USD 133,000 - 207,000; Full time

Benefits offered by this job

Medical plans

Dental & Vision

401k with company match

PTO 20 days

Paid holidays

Volunteer Time Off

Life and AD&D Insurance

Short/Long-Term Disability

Paid Parental Leave

Student Loan Assistance

Tuition Reimbursement

Backup Child and Elder Care

Job summary

Arch Insurance Group Inc. is seeking a Director Actuary in Hartford, CT. The role leads a team of actuaries, partnering with business units to deliver insights, develop pricing strategies, and monitor performance.

You will drive profitability analyses, large account pricing, and pricing-tool development, while collaborating with predictive modeling teams to deploy advanced analytics. The position emphasizes leadership, deep actuarial expertise (ACAS/FCAS), and strong programming skills

Qualifications

• 6+ years of relevant actuarial experience with quantitative analysis
• Business acumen in underwriting, products, reinsurance, claims, and financials
• Excellent communication and collaboration skills
• Proficiency in Python/SQL/VBA for tool-building

Responsibilities

• Profitability reviews and new submission analyses to determine portfolio profitability
• Monitor pricing, rate changes, and underwriting mix on new and renewal business
• Actuarial studies to improve pricing parameters and segmentations
• Provide actuarial recommendations on large accounts pricing
• Design, program, and maintain tools used in pricing and monitoring
• Collaborate with Strategic Analytics to deploy advanced analytics and automation tools

Skills

Python

SQL

VBA

Communication & Leadership

Education

ACAS/FCAS

Job description

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.

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.

• 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.

Why work at Arch

• 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.

• Exam program : Up to $75k of raises available, and flexibility and support so you can study and pass.

• Flat structure: You will present to business unit leaders and senior actuarial executives, and your insights will make a difference.

Key Evaluation Criteria

• 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

Arch 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.

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 NJ/NY: $144,000 - $223,700/year

For CT/IL/MN: $133,300 - $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.

14400 Arch Insurance Group Inc.