Actuarial Director, Reserving & Loss Analytics (Hybrid)

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. 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.

Job Responsibilities

• Partnering with leaders in the actuarial department to identify key priorities for developing new models and improving existing frameworks
• Work in close collaboration with underwriting, pricing, claims and finance to develop a common view of the business. Work in partnership with the various stakeholders to identify emerging trends that could impact results and propose corrective action in a timely manner
• Lead projects across the Reserving & Loss Analytics Team and get work done in collaboration with others
• Provide proactive insights, identify the drivers and ensure that the reserve analyses reflect any changes in the portfolio to minimize volatility and avoid surprises
• Apply innovative approaches and leading‑edge tools to analyze the business. Seek opportunities to leverage advanced analytics to provide greater insights. Ensure the quality of the data and its consistent application in the reserving process
• Partner with the finance organization to provide accurate, timely and granular analyses to support the quarterly financial reporting process. This individual will also provide input on ongoing financial forecast and plan process
• Collaborate with the global actuarial organization and the business units to share knowledge
• Assume an active leadership role within Arch’s actuarial community and keep abreast of new reserving methodologies, trends and product/ tort reforms and other external issues
• Potential to manage a small team of direct reports
• Managing the fronting arrangement for the acquired business on behalf of the Reserving & Loss Analytics Team

Required Skill And Abilities

• Software skills: Excel (expert), Word, PowerPoint; Power BI (preferred), database and programming skills required such as SQL (expert), Snowflake knowledge (preferred), Python knowledge (preferred)
• Self‑sufficient with competence to progress and build comprehensive reserving models and analytic solutions to improve the financial close process
• Leadership: Strength and experience as a teacher, manager, peer, leader and contributor to a positive culture
• Efficiency: productivity and organizational skills
• Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuity
• A well‑rounded actuary with deep knowledge of a wide range of commercial and specialty lines as well as reinsurance
• A successful track record managing a complex workload and demonstrated ability to work well with other departments and outside parties
• Experience presenting to executive management and external stakeholders
• Strong business judgment and ability to operate with ambiguity
• Demonstrated experience affecting change and gaining buy‑in
• Demonstrated experience providing proactive guidance and sought‑out insights to business leaders, executive management, and other stakeholders
• A transparent communicator. Knows how and when to keep others informed
• A change agent who can drive change through an organization and lead adoption of new processes and tools
• An inclusive leader with a keen interest in developing team members and invested in their success

Desired Skills And Abilities

• Prior experience in P&C Reserving or Corporate Actuarial preferred
• Excellent verbal and written communication skills. Able to communicate complex technical concepts to a wide range of audiences including executive leadership and the board
• Adaptable, flexible, and thrives in a fast paced and ever evolving environment
• A strong desire to have an impact to achieve the best outcome for the Company and add value across the organization
• Intellectually curious. Willing to ask questions and challenge assumptions
• A problem‑solver who seeks to understand the underlying drivers of the results
• Encourages the open exchange of ideas and respect for other points of view. Yet, will have the confidence to take a stand on issues and push back when appropriate while executing with efficiency and drive for results in a timely manner

Education And Experience

• A university degree in a quantitative discipline
• Fellow of the Casualty Actuarial Society (strong ACAS candidates will be considered)
• 7+ years’ experience in progressively senior but technical and hands‑on actuarial roles within the property and casualty insurance industry
• A minimum of 3 years’ experience working in a reserving or loss analytics function and team preferred

Compensation & Benefits

Base salary range: $130,000 – $180,000 per year. Total individual compensation (base salary, short & long‑term incentives) will take into account 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 a 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&DD 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.

14400 Arch Insurance Group Inc.