Senior Actuarial Analyst – Reserving & Loss Analytics
| Company | Arch Capital Group |
|---|---|
| Location | Chicago, IL, USA, New York, NY, USA, St Paul, MN, USA |
| Salary | $86300 – $134012 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior |
Requirements
- Prior experience in a corporate or business unit reserving function required.
- Sound knowledge of actuarial techniques and standards, as well as other business operations including financial, underwriting, claims, etc.
- 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) preferred.
- Ability to establish and build effective relationships within the organization.
- Experience presenting results / findings to senior management a plus.
- A critical thinker who will challenge others in a respectful manner and will be open to being challenged.
- A detail-oriented person who can be committed to both quality as well as accuracy.
Responsibilities
- Assist with the Arch Quarterly Reserving process (i.e. Arch reserve analyses and reports, including discussions with claims, underwriters, senior management, and outside consultants and auditors)
- Assist with and/or lead the development of new reserving techniques, as well as new ways to examine the data while leveraging external and internal information, and helping improve and expand visuals to support findings and provide insight to senior management.
- 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 with GAAP and SAP Financial Reporting (e.g. actuarial opinions, actuarial reports, statutory statements, and 10-Q/K reporting)
- Assist in developing a discussion supporting the quarterly result and the drivers behind it.
- Assist with Quarterly Underwriting Year, NPV, and ROE analyses.
Preferred Qualifications
- Demonstrated programming skills (such as SQL, R or Python) preferred.
- Experience presenting results / findings to senior management a plus.