
Senior Actuarial Analyst, Reserving & Loss Analytics
Arch Capital Group Ltd.
full-time
Posted on:
Location Type: Hybrid
Location: Chicago • Connecticut • Illinois • United States
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Salary
💰 $100,000 - $150,000 per year
Job Level
About the role
- Assist with the Arch Quarterly Reserving process (i.e. Arch reserve analyses and reports, including discussions with claims, underwriters, finance, senior management, and outside consultants and auditors)
- Assist with and/or lead the development of new reserving techniques, as well as new ways to access and examine the data while leveraging external and internal information, and helping improve and expand visuals to support findings and provide insight to senior management.
- Partner with IT and Enterprise Data teams to bring efficiencies to and modernize our current data processes as well as enhance analytical capabilities.
- Assist with and/or lead quarterly in-depth analysis for several business divisions, the discussions around assumptions and uncertainty, including presentation to executives, development of ongoing forecast process together with input on trend and plan projections.
- Collaborate closely with business division leaders, pricing actuarial, and claims to identify loss trends and emerging issues that could impact results and assist in developing proposals for corrective action in a timely manner.
- Assist in developing a discussion supporting the quarterly result and the drivers behind it.
- Assist with developing tools, metrics, dashboards to inform and support the quarterly results and drivers behind it.
- Assist with GAAP and SAP Financial Reporting (e.g. actuarial opinions, actuarial reports, statutory statements, and 10-Q/K reporting).
- Assist with Quarterly Underwriting Year, NPV, and ROE analyses as needed.
Requirements
- Prior experience in a corporate or business unit reserving function required.
- Additional experience in pricing or reserving for Commercial Professional and/or Financial lines - Executive Assurance, Professional Liability, Healthcare, or Surety is strongly preferred.
- Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbal and in writing.
- Demonstrated programming skills (such as SQL, R or Python) required.
- Ability to lead projects and get work done in collaboration with others.
- Ability to establish and build effective relationships within the organization.
- Experience presenting results / findings to senior management a plus.
- A direct and transparent communicator.
- Knows how and when to keep others informed.
- Courage to have open and difficult discussions.
- A critical thinker who will challenge others in a respectful manner and will be open to being challenged.
- An individual who is a quick self-study and has the ability to multi-task.
- A detail-oriented person who can be committed to both quality as well as accuracy.
- Working knowledge of industry data sources (ISO, NCCI, RAA, SAA), with an acute understanding of the strengths and weaknesses of the various industry and peer competitor data emanating from the various data collection and aggregation procedures employed by the various bureaus is a plus.
- An understanding and appreciation of the peaks and valleys in the work flow required of a dynamic reserving and loss analytics function that combines both corporate reserving responsibility as well as insight driven reserving studies.
- ACAS preferred (will consider non-ACAS with strong prior experience)
- 5+ years of experience.
- Reserving experience is strongly preferred.
- Strong technical programming skills - such as SQL, R, Python or similar required.
Benefits
- multiple medical plans plus dental, vision and prescription drug coverage
- 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.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
SQLRPythonGAAP Financial ReportingSAP Financial Reportingactuarial opinionsactuarial reportsstatutory statements10-Q reporting10-K reporting
Soft skills
communicationcollaborationcritical thinkingpresentation skillsrelationship buildingdetail-orientedmulti-taskingtransparencyleadershipself-study
Certifications
ACAS