Director, Actuary

McNeil & Co.; New York (NY); On-site; USD 144,000 - 224,000; Full time

Benefits offered by this job

Medical plans

401k with generous match

PTO 20 days

Job summary

Arch Insurance Group, part of Arch Capital Ltd., is seeking an experienced Director Actuary to lead a team of actuaries and deliver pricing insights. The role focuses on profitability analysis, pricing strategies, and analytics partnerships to improve underwriting performance in P&C programs.

Excellent leadership and communication are required. The position offers exposure to strategic pricing, cross-functional partnerships, and a path to senior leadership within a growing unit.

Qualifications

• ACAS, FCAS, or similarly qualified professional with 6+ years of relevant experience
• Strong actuarial and quantitative analysis skills
• Excellent communication and leadership abilities

Responsibilities

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

Skills

Python

SQL

VBA

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 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.

• 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

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.

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14400 Arch Insurance Group Inc. Arch Capital Group Ltd.

Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.

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