Job Title

OverviewAVP, Corporate Actuarial, Reserving & Loss Analytics role at Arch Insurance Group Inc.Arch Insurance Group is seeking a motivated actuarial candidate to join a dynamic Reserving and Loss Analytics team. This leadership role will assist with reserving, loss analytics, and results management for Middle Market Business Divisions. You will also be responsible for co-leading the M&A integration efforts on behalf of the Reserving & Loss Analytics team, with a primary focus on the Corporate Actuarial function (NAIC Statement of Actuarial Opinion processes, statutory reporting, etc.). This role will also provide support for the overall Corporate Actuarial function within the team, and lead Loss Analytic analyses. This hands-on professional will build solutions, develop analyses, while helping build a capable team to provide proactive insights and counsel Arch Insurance Group leadership and the business that extends well beyond the analysis of reserves as well as provide technical solutions.ResponsibilitiesPartnering with leaders in the actuarial department to identify key priorities for developing new models and improving existing frameworksWork 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 mannerLead projects across the Reserving & Loss Analytics Team and get work done in collaboration with othersProvide proactive insights, identify the drivers and ensure that the reserve analyses reflect any changes in the portfolio to minimize volatility and avoid surprisesApply 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 processPartner with the finance organization to provide accurate, timely and granular analyses to support the quarterly financial reporting process. This individual will also provide input on ongoing financial forecast and plan processCollaborate with the global actuarial organization and the business units to share knowledgeAssume an active leadership role within Arch’s actuarial community and keep abreast of new reserving methodologies, trends and product/ tort reforms and other external issuesRequired Skills and AbilitiesSoftware skills: Excel (expert), Word, PowerPoint; SQL (expert), Power BI (preferred), database and programming skills, Snowflake knowledge (preferred), Python knowledge (preferred)Self-sufficient with competence to progress and build comprehensive reserving models and analytic solutionsLeadership: Strength and experience as a teacher, manager, peer, leader and contributor to a positive cultureEfficiency: productivity and organizational skillsAnalytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuityA well-rounded actuary with deep knowledge of a wide range of commercial and specialty lines as well as reinsuranceA successful track record managing a sophisticated reserving team at a large insurer or reinsurerProven expertise leading and developing actuarial teams. This individual will have experience developing high performing teams with strong technical skills and business acumenExperience presenting to executive management and external stakeholdersStrong business judgment and ability to operate with ambiguityDemonstrated experience effecting change and gaining buy-inDemonstrated experience providing proactive guidance and sought-out insights to business leaders, executive management, and other stakeholdersA transparent communicator. Knows how and when to keep others informedA change agent who can drive change through an organization and lead adoption of new processes and toolsAn inclusive leader with a keen interest in developing team members and invested in their successDesired Skills and AbilitiesPrior experience in Corporate Actuarial (NAIC Statement of Actuarial Opinion, Regulatory Interaction) preferredExcellent verbal and written communication skills. Able to communicate complex technical concepts to a wide range of audiences including executive leadership and the boardAdaptable, flexible, and thrives in a fast paced and ever evolving environmentA strong desire to have an impact to achieve the best outcome for the Company and add value across the organizationIntellectually curious. Willing to ask questions and challenge assumptionsA problem-solver who seeks to understand the underlying drivers of the resultsEncourages the open exchange of ideas and respect for other points of view, yet has the confidence to take a stand on issues and push back when appropriate while executing with efficiency and drive for results in a timely mannerEducation and ExperienceA university degree in a quantitative disciplineFellow of the Casualty Actuarial Society (strong ACAS candidates will be considered)10+ years’ experience in progressively senior but technical and hands-on actuarial roles within the property and casualty insurance industryA minimum of 5 years’ experience working in a reserving or loss analytics function and teamCompensationArch Insurance Group provided pay range: This range is provided by Arch Insurance Group Inc. Base pay range: $129,500.00/yr - $201,066.00/yr. Range may vary by location and is incentive eligible. For NYC/Jersey City: $129,500 - $201,066/yr; Chicago/Hartford: $116,600 - $180,959/yr; St. Paul: $100,400 - $155,826/yr. Total compensation will consider location, scope, qualifications and business needs. The above pay range may be modified in the future. #J-18808-Ljbffr