Arch Capital Group Ltd. - Jersey City, NJ
posted 4 months ago
As a Senior Actuarial Analyst at Arch Capital Group, you will play a pivotal role in providing actuarial support to the Property and Casualty (P&C) Programs Insurance Business Unit. This division places a high value on actuarial expertise, utilizing both quantitative and qualitative methods to enhance decision-making processes. In this position, you will serve as a key liaison between the actuarial team and business partners, ensuring that actuarial insights are effectively communicated and integrated into business strategies. Reporting directly to the AVP of Actuarial Pricing, you will have the opportunity to influence profitability and operational efficiency through your analyses and recommendations. Your responsibilities will include conducting profitability reviews and new submission analyses, where you will apply actuarial concepts and techniques to assess portfolio profitability. This involves a deep dive into detailed segmentations to identify trends and opportunities for improvement. Additionally, you will monitor and report on portfolio rate changes, pricing adequacy, and underwriting mix changes for both new and renewal business. This critical information will guide Program Managers in making informed decisions that align with the company's strategic goals. You will also engage in actuarial studies, performing analyses and research aimed at refining pricing parameters and segmentation strategies. This work is essential for identifying profitable opportunities within the market. Innovation is a cornerstone of our team, and you will be expected to design, program, and maintain essential tools that facilitate pricing and book monitoring. Your contributions will not only enhance the efficiency of our operations but also support the overall growth of the organization. At Arch, we pride ourselves on offering a dynamic work environment where opportunities for advancement are abundant. There are no rigid experience minimums, and your performance will be recognized and rewarded. Our exam program provides up to $75,000 in raises, along with the flexibility and support necessary for you to study and succeed in your actuarial exams. You will have the chance to present your insights directly to business unit leaders and senior actuarial executives, making a tangible impact on the organization.