Actuarial Director, Pricing (Hybrid) (Chicago)

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.

Position Summary

You will provide actuarial support to the P&C Programs Insurance Business Unit. This division highly values actuarial support in both quantitative and qualitative capacities. The Director Actuary will lead a team of actuaries to partner with business to deliver actuarial insights, develop actionable strategies, monitor executions and leading indicators to assess business health.

Responsibilities and Accountabilities

• 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 guide Program Managers and make informed decisions.
• Actuarial Studies: Analyses and research to improve pricing parameters, methodologies and segmentations to better identify profitable opportunities.
• Tool Building: Design, program, and maintain critical tools used in pricing and book monitoring.
• Partnering with Strategic Analytics: Work closely with the actuarial and predictive modeling teams to deploy advanced analytics and automation tools to help our businesses underwrite more profitably.

Required Skills and Abilities

• P&C Actuarial qualifications: ACAS, FCAS, or similarly qualified professional.
• 6+ years of relevant experience, with demonstrated ability in actuarial and quantitative analysis and statistical concepts.
• Business Acumen: In-depth understanding and knowledge of key business drivers and disciplines in underwriting, products, reinsurance, claims, and financials.
• Software skills: Strong programming skills such as Python, SQL, VBA for building tools and advanced research.
• Leadership: Thought leader and innovator; experience as a teacher, manager, peer, leader and contributor to a positive culture. Takes ownership of strategic initiatives and can influence business outcomes.
• Communication and Partnership: Excellent communication, collaboration, and relationship‑building skills.

Why work at Arch

• Opportunity: No experience minimums or waiting your turn. Arch has significant growth and entrepreneurialism, with many actuaries promoted within current roles for outstanding performance.
• Exam program: Up to $75,000 of raises available, and flexibility and support to study and pass.
• Flat structure: Present to business unit leaders and senior actuarial executives; your insights will make a difference.

$130,000 - $180,000 per 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, 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 a comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401(k) 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 and join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

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