Director of Actuarial Pricing & Profitability

Position Summary

You will provide actuarial support to the P&C Programs Insurance Business Unit. This division highly values actuarial support, in both quantitative & qualitative capacities. The Director Actuary will lead a team of actuaries to partner with business to deliver actuarial insights, develop actionable strategies, monitor executions and leading indicators to assess business health.

• Profitability Reviews/New Submission Analyses:
  Review products by applying actuarial concepts and techniques to determine portfolio profitability; analyzing and digging into detailed segmentations
• Monitor and Reporting:
  Monitor portfolio rate change, pricing adequacy and underwriting mix change on new and renewal business to guide Program Managers and make informed decisions
• Actuarial Studies:
  Analyses and research to improve pricing parameters, methodologies and segmentations to better identify profitable opportunities.
• Tool Building:
  Our team thrives on innovation. You will design, program, and maintain critical tools used in pricing, and book monitoring
• Partnering with Strategic Analytics:
  Our actuaries and predictive modeling teams work closely together to deploy advanced analytics and automation tools to help our businesses underwrite more profitably.

• P&C Actuarial qualifications: ACAS, FCAS, or similarly qualified professional
• 6+ years of relevant experience, demonstrated ability in actuarial and quantitative analysis and statistical concepts
• Business Acumen:
  In-depth understanding and knowledge of key business drivers and disciplines in underwriting, products, reinsurance, claims, and financials.
• Software skills:
  Strong programming skills, such as Python, SQL, VBA for building tools and advanced research
• Leadership:
  Thought leader and innovator, strength and experience as a teacher, manager, peer, leader and contributor to a positive culture. Takes ownership of strategic initiatives and ability to influence business outcomes
• Communication and Partnership:
  Excellent communication, collaboration, and relationship-building skills

• Opportunity:
  No experience minimums or waiting your turn. Arch has a lot of opportunity because of our growth and entrepreneurialism, and many Arch actuaries have been promoted within current roles in recognition of outstanding performance.
• Exam program:
  Up to $75k of raises available, and flexibility and support so you can study and pass.
• Flat structure:
  You will present to business unit leaders and senior actuarial executives, and your insights will make a difference.

Base salary range $130,000 - $180,000/year. Position is incentive eligible. Total individual compensation (base salary, short & long-term incentives) offered will take into account factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs.

• Medical, 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
• Additional benefits: comprehensive benefits package; more available.