Director, Actuarial Pricing

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℠.

The Position

The Director, Actuarial Pricing will assist in pricing and underwriting a book of North American P&C reinsurance. Lines supported will include GL, Auto, Umbrella, WC, Property, and Professional Lines. The individual will be a member of the actuarial team and will assist in coordinating all stages of the pricing and underwriting process. This position requires a thorough knowledge of actuarial modeling techniques as well as being proficient in MS Excel.

Job Responsibilities

• Assess and analyze reinsurance treaties (quota share, excess of loss, aggregate, structured, multi-year and others) with actuarial techniques
• Structure terms and assure profitability of business written
• Contributing to LOB studies and assumption/parameter updates including developing ownership and expertise over a subset of lines that ARC writes
• Develop and enhance pricing tools/models
• Performing underwriting audits of client files
• Report and present work including trend studies, rate monitoring and ad hoc requests from senior management
• Frequent contact with underwriting, claims, and finance departments

Desired Skills/ Experience

• FCAS, ACAS or near completion level or equivalent designation
• 8+ years of applicable actuarial experience
• Reinsurance experience a strong plus but not required
• Proficient in MS Excel, and an ability to create pricing tools to support day-to-day underwriting work flow. Programming skills (e.g. Python, R, SQL) a plus
• Ability to organize and prioritize a demanding workload
• Strong interpersonal and communicate on skills and the ability to work with management at a senior level
• Some travel and the ability to work overtime as needed is expected for this position

Education

• College or university degree, preferably with a quantitative major

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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.

$210,000 - $285,000/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.

• Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. 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.

13100 Arch Reinsurance Company