Join to apply for the AVP, Reserving & Loss Analytics role at Arch Insurance Group Inc.
Base pay range
$160,000.00 / yr - $200,000.00 / yr
Job Summary
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℠. This leadership role will own reserving and loss analytics and results management for the Programs’ book of business as well as lead multiple key processes across the Reserving and Loss Analytics department. The role requires a comprehensive line of business focus (Auto, GL, Prop, and WC) as well a close partnership with Pricing and Underwriting on industry trends, underwriting actions, and more. This role is a unique opportunity to enhance the loss analytics of the highly visible Programs’ book as well as drive improvements and efficiencies across the Reserving and Loss Analytics organization.
Responsibilities
- Own Reserving and Loss Analytics for the highly visible Programs’ book of business.
- Work in close collaboration with underwriting, pricing, claims and finance to develop a common view of the business, 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, leverage advanced analytics for greater insights, and ensure data quality and consistency in the reserving process.
- Prioritize the work to ensure the reserving and loss analytics function delivers analyses that are of greatest benefit to the organization.
- Assume an active leadership role within Arch’s actuarial community, keeping abreast of new reserving methodologies, trends, product or tort reforms and other external issues.
Qualifications
A minimum of 10 years’ experience in progressively complex actuarial roles within the property and casualty insurance industry.A minimum of 5 years’ experience within a Reserving function.Associate or Fellow of the Casualty Actuarial Society.Leadership : proven strength as a teacher, manager, peer, leader and contributor to a positive culture.Analytical and quantitative skills : strong theoretical foundation, high work quality, productivity, creativity, and ingenuity.Software skills : expert Excel, PowerPoint, Word; expert SQL, preferred Power BI, Snowflake, Python.Self‑sufficient with competence to progress and build comprehensive reserving models and analytic solutions.Excellent verbal and written communication skills; able to convey complex technical concepts to executive leadership and board members.Proven expertise leading and developing actuarial teams; experience building high‑performing teams with strong technical skills and business acumen.Experience presenting to executive management and external stakeholders.Demonstrated experience providing proactive guidance and sought‑out insights to business leaders, executive management, and other stakeholders.Location‑Based Salary
NYC / JC : $160,000 - $200,000 / yearChicago / Hartford / St. Paul : $153,000 - $193,000 / yearBenefits
Multiple medical plans plus dental, vision and prescription drug coverage.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, short and long‑term disability.Paid parental leave up to 10 weeks.Student loan assistance and tuition reimbursement.Backup child and elder care.Additional benefits available.#J-18808-Ljbffr