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Senior Actuarial Analyst, Reserving & Loss Analytics

Job in Springfield, Sangamon County, Illinois, 62777, USA
Listing for: Arch Insurance Group Inc.
Full Time position
Listed on 2026-05-31
Job specializations:
  • Finance & Banking
    Risk Manager/Analyst, Financial Analyst
Salary/Wage Range or Industry Benchmark: 100000 - 150000 USD Yearly USD 100000.00 150000.00 YEAR
Job Description & How to Apply Below

Summary

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.

Responsibilities
  • Reserving & Loss Analytics
    • Assist with the Arch Quarterly Reserving process, including reserve analyses and reports, discussions with claims, underwriters, senior management, and external consultants and auditors.
    • Lead the development of new reserving techniques and innovative ways to examine data, leveraging external and internal information, and improve visualizations to support findings for senior management.
    • Conduct quarterly in-depth analysis for several business divisions, including discussions around assumptions and uncertainty, and present findings to executives while developing ongoing forecast processes.
    • Collaborate closely with business division leaders, pricing actuarial, and claims to identify loss trends and emerging issues that could impact results and develop proposals for timely corrective action.
  • Financial Reporting
    • Assist with GAAP and SAP Financial Reporting, including actuarial opinions, actuarial reports, statutory statements, and 10‑Q/K reporting.
    • Support discussions that explain the quarterly results and their drivers.
  • Profitability Reviews
    • Assist with Quarterly Underwriting Year, NPV, and ROE analyses.
Qualifications
  • Prior experience in a corporate or business unit reserving function.
  • Sound knowledge of actuarial techniques and standards, and understanding of related business operations including finance, underwriting, and claims.
  • Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing.
  • Proficiency in programming languages such as SQL, R, or Python is preferred.
  • Ability to establish and build effective relationships within the organization.
  • Experience presenting results or findings to senior management is a plus.
  • Critical thinker who challenges others respectfully and is open to being challenged.
  • Detail-oriented, committed to quality and accuracy.
  • Ability to work well in a team environment in close partnership with Pricing Actuarial, Underwriting, Claims, IT, Finance, and other functions.
Salary and Benefits

$100,000 - $150,000 per year, incentive eligible.

  • Total individual compensation (base salary, short‑ and long‑term incentives) will consider geographic location, scope & responsibilities, qualifications, talent availability, specialization, and business needs. This range may be modified in the future.
  • Comprehensive benefits package including multiple medical plans, dental, vision, and prescription drug coverage; competitive 401(k) 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 Off; basic Life and AD&D Insurance;
    Short and Long‑Term Disability;
    Paid Parental Leave up to 10 weeks;
    Student Loan Assistance and Tuition Reimbursement;
    Backup Child and Elder Care; and more.
Location

14400 Arch Insurance Group Inc.

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Position Requirements
10+ Years work experience
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