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SalaryWith 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℠.
Job Summary
- Lead a team of actuaries to support product development across Arch Insurance business units by preparing actuarial support for rate and rule filings, including indication analysis, impact calculations, competitor research, and state-specific exhibits
- Serve as a lead representative collaborating with other actuarial leaders and cross-functional business partners on product development initiatives by providing filing strategies and being a creative sounding board to businesses
- Develop tools and processes to improve automation, efficiency and quality; research and improve analyses and data sources
- Coordinate and assist in the response to state rate filing objections and help negotiate approvals
- Monitor and initiate bureau filings for rate and rule adoptions; review and interpret insurance regulations, bulletins, and publications to help determine rate impact and compliance risks for business units
- Provide pricing support to help grow small commercial business profitably
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 Directors have 5-10 years of P&C Insurance experience
- P&C Actuarial qualifications: actuaries and non-actuaries are welcome
- Leadership: Strength and experience as a teacher, manager, peer, leader and contributor to a positive culture
- Experience: knowledge of P&C Insurance products and filings in admitted lines, and engaging with DOIs
- Efficiency, productivity and organizational skills, including ability to manage a large team
- Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuity
- Superior communication skills are important for partnering with cross-functional business partners
- Software skills: Excel, Word, Power Point expected; database and programming skills are a plus
About Arch Insurance Group
Arch Insurance Group, part of Arch Capital Ltd, is a specialty insurer built around talent intensive businesses. We prioritize niche focus, underwriting expertise, flexibility, diversification and disciplined cycle management. We work creatively to provide new value and solutions to our clients and distribution partners. Arch highly values actuaries and actuarial expertise. Many senior executives and business unit leaders are actuaries by training. Learn more about Arch at
https://www.archgroup.com/about/
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For individuals assigned or hired to work in California, Colorado, Jersey City, NJ; New York State; and/or Washington State, the base salary range is listed below. This range is as of the time of posting. Position is incentive eligible.
$129,500 - $201,066/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 range may be modified in the future
- Clickhereto 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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