Director, Actuarial Pricing (Morristown)

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 ensure profitability of business written
• Contribute 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
• Perform underwriting audits of client files
• Report and present work, including trend studies, rate monitoring and ad hoc requests from senior management
• Maintain 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 workflow. Programming skills (e.g. Python, R, SQL) a plus
• Ability to organize and prioritize a demanding workload
• Strong interpersonal and communication 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

Salary

The base salary range is $210,000 - $260,000/year. The above pay range may be modified in the future.

Compensation & Benefits

• 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.
• 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.