AVP – Actuarial Reserving – Loss Analytics – Middle Market
| Company | Arch Capital Group |
|---|---|
| Location | Chicago, IL, USA, Kansas City, MO, USA, Hartford, CT, USA, New York, NY, USA, St Paul, MN, USA |
| Salary | $129500 – $201066 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior, Expert or higher |
Requirements
- 10+ years’ experience in progressively senior but technical and hands-on actuarial roles within the property and casualty insurance industry
- A minimum of 5 years’ experience working in a reserving or loss analytics function and team
- A university degree in a quantitative discipline
- Fellow of the Casualty Actuarial Society (strong ACAS candidates will be considered)
- Software skills: Excel (expert), Word, PowerPoint; SQL (expert), Power BI (preferred), database and programming skills, Snowflake knowledge (preferred), Python knowledge (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.
- A successful track record managing a sophisticated reserving team at a large insurer or reinsurer
- Proven expertise leading and developing actuarial teams. This individual will have experience developing high performing teams with strong technical skills and business acumen.
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
- Seek opportunities to continuously improve and simplify processes.
- Prioritize the work to ensure the reserving and loss analytics function is delivering analyses that is of greatest benefit to the organization.
- 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.
Preferred Qualifications
- Fierce about execution and delivery
- Self-sufficient with competence to progress and build comprehensive reserving models and analytic solutions
- 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
- Professionalism including oral and written communication skills including presentations and marketing
- Experience presenting to executive management and external stakeholders
- Strong business judgment and ability to operate with ambiguity
- Demonstrated experience effecting change and gaining buy-in
- Demonstrated experience providing proactive guidance and sought-out insights to business leaders, executive management, and other stakeholders
- 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
- 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.