Arch

  • Actuarial Analyst

    Job Locations US-NJ-Jersey City
    Job ID
    2018-2153
    # of Openings
    1
    Category
    Actuarial
  • Overview

    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.

    Responsibilities

    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.

    Qualifications

    The successful candidate will have the following preferred requirements:

     

    1. 2-5 Actuarial Exams, as well as an ambition to attain Fellowship
    2. Demonstrated superior verbal and written skills in prior work experiences
    3. Demonstrated ability to excel in a fast paced environment under tight deadlines
    4. Expert knowledge and successful working experiences with Microsoft Excel. Working knowledge of Access, Sequel, or Cognos would be a plus
    5. An individual who is a quick self-study and has the ability to multi-task
    6. A detail-oriented person that takes pride in work through multiple crosschecks / reasonability checks and is committed to both quality and accuracy
    7. Working experience, either pricing or reserving, in Commercial lines - Executive Assurance, Professional Liability, Healthcare, Property, Casualty, Workers Comp, or Surety is a plus. Industry experiences related to these lines with a solid understanding of the effects of a soft market on the pricing, terms and conditions, and shifts in mix of business for these lines is helpful in developing a sixth sense understanding and appreciation of Arch reserving and profitability analyses.
    8. Proven successful team relationships with actuaries and non-actuaries
    9. Working knowledge of industry data sources (ISO, NCCI, RAA, SAA), with an acute understanding of the strengths and weaknesses of the various industry and peer competitor data emanating from the various data collection and aggregation procedures employed by the various bureaus
    10. An understanding and appreciation of the peaks and valleys in the work flow required of a Corporate Actuarial Team

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