Actuarial Assistant, Pricing (hybrid)

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

The primary role will be to provide actuarial support to the P&C Programs Insurance Business Unit. This division highly values actuarial support, in both quantitative & qualitative capacities. The actuarial assistant will have the opportunity to lead as a liaison representing the actuarial team with business partners.

• 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 help Program Managers make informed decisions
• Actuarial Studies: Analyses and research to improve pricing parameters and segmentation to better identify profitable opportunities
• Tool Building: Designing, programming, maintaining, and supporting tools used in pricing, and book monitoring
• New Product Support/Rate Plan Improvement: Collaborate with Underwriters to create and revise rating plans; develop state specific support for insurance departments
  
  

Why work at Arch:

• 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.
  
  

Key Evaluation Criteria

The successful candidate will have the following preferred requirements:

• Demonstrated interest in actuarial science and insurance; no experience required.
• Interest in and ability to complete the actuarial exams and achieve professional property & casualty actuarial credentials.
• Software skills: Proficient w. Excel/Word/ PowerPoint; basic knowledge of R or Python & SQL preferred
• Communication: both oral and written communication skills including presentations and marketing
• Leadership: Able to lead discussion with cross-functional team.
• Collaboration: Able to effectively collaborate with cross-functional business partners
• Efficiency: Strong productivity and organizational skills
• Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuity & problem-solver
  
  

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.

$73,800 - $110,262/year

• 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 talent community to share your preferences directly with Arch’s Talent Acquisition team.

14400 Arch Insurance Group Inc.