What are the responsibilities and job description for the AVP, Actuarial Pricing - Professional Liability and Cyber position at Arch Capital Group Ltd.?
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℠.
Your Role
Lead the actuarial pricing team for all professional liability business including cyber insurance.
- Business Leader: The primary role will be to provide Actuarial support to the Professional Liability division, working closely with BU leadership, our catastrophe modeling team, and strategic analytics to shape the book of business. You’ll be creating new actuarial analyses and insights that provide actionable information to BU leaders to guide strategy.
- Technical Pricing: Continue to improve technical pricing by developing accurate assessments of risk; this will include both refining the current structure as well as finding new predictors and building new models.
- Profitability Reviews: Provide insight to BU leadership and senior executives on the current health of the book, including finding meaningful differentiation between different products and segments.
- Focus on an exciting variety of specialty products like cyber insurance and professional liability for lawyers, real estate agents, insurance agents, design and construction firms, and so much more, including Arch underwritten and MGU-administered insurance programs.
Why work at Arch:
- Arch highly values actuaries: Arch’s CEO, CFO, President and many business unit leads are actuaries. They will both cross-examine you, and highly value your insights.
- Flat structure: You will present to the CEO and other executive management and your insights will make a difference.
- 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.
- Culture: 92% of Arch employees are proud to work for Arch. We love the positive attitudes and collaborate environment, and proudly recommend Arch to friends and former colleagues.
Key Evaluation Criteria
- Most AVPs are qualified actuaries (generally ACAS/FCAS) with 10 to 20 years of experience, but exceptional performers have been recognized as early as 7 years.
- Superior communication is a critical skill, as core responsibilities will be managing the BU relationship and presenting to senior executives.
- The ideal candidate will have strong technical actuarial skills, able to build and refine actuarial studies and tools, including experience with rater development in Excel/Python or other platforms.
If curious to learn more, apply or reach out to LaToya Harrington (
lharrington@archinsurance.com
), Ellen Raushel (eraushel@archinsurance.com
).
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.
$129,500 - $201,066/year (NYC/JC)
- 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.
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
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to share your preferences directly with Arch’s Talent Acquisition team.Salary : $129,500 - $201,066
