Vista previa generada por IA
Actuarial Director, Reserving & Loss Analytics – senior role at Arch Insurance Group, hybrid in St. Paul, MN
Lead reserving, loss analytics and M&A integration, managing a small team and driving data‑driven insights for the company
Actuarial Director, Reserving & Loss Analytics (Hybrid)
Location: St. Paul, MN United States of America
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℠.
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.
Arch Insurance Company is seeking a motivated actuarial candidate to join a dynamic Reserving & Loss Analytics team. This leadership role will assist with reserving, loss analytics, and results management for the recently acquired Middle Market and Entertainment Business Divisions. You will also be responsible for co‑leading the ongoing M&A integration efforts on behalf of the Reserving & Loss Analytics team. This role will also provide support for the overall Financial Close and Loss Analytic functions within the team. This role will be highly visible and have an extremely leveraged effect across the organization. This hands‑on professional will build solutions, develop analyses, while helping grow 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.
The Reserving & Loss Analytics team provides an independent assessment of the balance sheet and portfolio of risks, ensuring the adequacy and accuracy of the reserves as well as communicating the quarterly reserve analyses to the Company’s executive leadership, auditors, and regulators. This individual will be instrumental in continuing to build a best‑in‑class Reserving & Loss Analytics organization that provides an accurate, transparent, and independent view of the business.
This position will require application of the latest actuarial approaches to ensure appropriate reserve adequacy and reporting, as well as innovative thinking to help drive newly developed strategic vision and leverage available data, industry information, foundational analytics for critical decision making, and help with development of analytical tools and insights. This position will also be instrumental in managing the actuarial activities associated with the fronting arrangement on the recently acquired book of business.
Organization and prioritization skills are crucial to this role, given its dual‑purpose nature. The candidate will need to balance multiple tasks and coordinate with other members of the team to help with resources as needed.
Job Responsibilities
- Partnering with leaders in the actuarial department to identify key priorities for developing new models and improving existing frameworks
- Work 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 manner
- Lead projects across the Reserving & Loss Analytics Team and get work done in collaboration with others
- Provide proactive insights, identify the drivers and ensure that the reserve analyses reflect any changes in the portfolio to minimize volatility and avoid surprises
- Apply 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 process
- Partner 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 process
- Collaborate with the global actuarial organization and the business units to share knowledge
- Assume an active leadership role within Arch’s actuarial community and keep abreast of new reserving methodologies, trends and product/ tort reforms and other external issues
- Potential to manage a small team of direct reports
- Managing the fronting arrangement for the acquired business on behalf of the Reserving & Loss Analytics Team
Required Skill and Abilities
Software skills: Excel (expert), Word, PowerPoint; Power BI (preferred), database and programming skills required such as SQL (expert), Snowflake knowledge (preferred), Python knowledge (preferred)
Self‑sufficient with competence to progress and build comprehensive reserving models and analytic solutions to improve the financial close process
Leadership: Strength and experience as a teacher, manager, peer, leader and contributor to a positive culture
Efficiency: productivity and organizational skills
Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuity
A well‑rounded actuary with deep knowledge of a wide range of commercial and specialty lines as well as reinsurance
A successful track record managing a complex workload and demonstrated ability to work well with other departments and outside parties
Experience presenting to executive management and external stakeholders
Strong business judgment and ability to operate with ambiguity.
Demonstrated experience affecting change and gaining buy‑in.
Demonstrated experience providing proactive guidance and sought‑out insights to business leaders, executive management, and other stakeholders.
A transparent communicator. Knows how and when to keep others informed.
A change agent who can drive change through an organization and lead adoption of new processes and tools
An inclusive leader with a keen interest in developing team members and invested in their success
Desired Skills and Abilities
Prior experience in P&C Reserving or Corporate Actuarial preferred
Excellent verbal and written communication skills. Able to communicate complex technical concepts to a wide range of audiences including executive leadership and the board
Adaptable, flexible, and thrives in a fast paced and ever evolving environment
A strong desire to have an impact to achieve the best outcome for the Company and add value across the organization
Intellectually curious. Willing to ask questions and challenge assumptions
A problem‑solver who seeks to understand the underlying drivers of the results
Encourages the open exchange of ideas and respect for other points of view. Yet, will have the confidence to take a stand on issues and push back when appropriate while executing with efficiency and drive for results in a timely manner
Education and Experience
A university degree in a quantitative discipline
Fellow of the Casualty Actuarial Society (strong ACAS candidates will be considered)
7+ years’ experience in progressively senior but technical and hands‑on actuarial roles within the property and casualty insurance industry
A minimum of 3 years’ experience working in a reserving or loss analytics function and team preferred
Compensation & Benefits
#LI-LH1
#LI-HYBRID
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.
$130,000 - $180,000/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.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
14400 Arch Insurance Group Inc.