Arch Insurance Group is seeking a motivated actuarial candidate to join a dynamic reserving and loss analytics team in Jersey City. Reserving-related engagements account for roughly 60% of the role, with the remainder dealing with financial reporting and profitability. This position will require application of the latest actuarial approaches to ensure appropriate reserve adequacy and reporting, as well as innovative thinking to help drive strategic vision and leverage data, industry information, foundational analytics for optimal business processing and critical decision making, and help with development of analytical tools and insights.
The ideal candidate will have strong analytical skills, superior communication skills, strong business acumen, and most importantly, will work well in a team environment in close partnership with Underwriting, Claim, IT, Finance, and other functions.
This position offers a challenging role, opportunities for growth and advancement, a competitive compensation package, a supportive and rewarding study program, good benefits, and a dynamic and forward looking actuarial team.
The following duties and responsibilities are expected in this position:
A.) Reserving & Loss Analytics
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 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.
B.) Financial Reporting
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.
C.) Profitability Reviews
Assist with Quarterly Underwriting Year, NPV, and ROE analyses.
The successful candidate will have the following preferred requirements: