Company Description

Arch Insurance Group is seeking a motivated aspiring actuary to join our team. Our group supports P&C Programs, MidCorp Programs and Entertainment. The business units provide highly specialized and tailored insurance products in Commercial Auto, General Liability, Property, Workers Compensation and Excess Umbrella.

The role includes portfolio profitability reviews, large account pricing, actuarial parameter studies, building actuarial/underwriting tools as well as monitoring and reporting on strategy executions, emerging trends and leading indicators. This position will require strong database and programming skills, curiosity, quick learning, problem solving, as well as strategic business thinking.

This position is an excellent opportunity for a new actuarial candidate looking for intellectual and professional challenges, learning actuarial skills and understanding various products in P&C insurance.

The position provides a competitive compensation package, good benefits, and a superb study program in a supportive, collaborative, and innovative culture that highly values actuarial insight. Many of our C-suite, senior management and business unit leaders are credentialed actuaries.

Job Descriptio

nThe primary role will be to provide actuarial support to the P&C Programs Insurance Business Unit. This division highly values actuarial support, in both quantitative & qualitative capacities. The actuarial assistant will have the opportunity to lead as a liaison representing the actuarial team with business partners

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Job Functio

• nsProfitability Reviews/New Submission Analys
• esReview products by applying actuarial concepts and techniques to determine portfolio profitability; analyzing and digging into detailed segmentatio
• nsMonitor and Reporti
• ngMonitor portfolio rate change, pricing adequacy and underwriting mix change on new and renewal business to help Program Managers make informed decisio
• nsActuarial Studi
• esAnalyses and research to improve pricing parameters and segmentation to better identify profitable opportuniti
• esTool Buildi
• ngDesigning, programming, maintaining, and supporting tools used in pricing, and book monitori
• ngNew Product Support/Rate Plan Improveme
• ntCollaborate with Underwriters to create and revise rating plans; develop state specific support for insurance departmen

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Qualificati

onsRequired Skil

• ls:Software skills: Proficient in SQL, Excel/Word/ PowerPoint and experience w. Python preferr
• ed.Communication: both oral and written communication including presentations and market
• ingLeadership: Able to lead discussion with cross-functional te
• am.Collaboration: Able to effectively collaborate with cross-functional business partn
• ersEfficiency: Strong productivity and organizational skills. Ability to deliver high quality work product in an efficient mann
• er.Project Management: Strong project managem
• entAnalytical and quantitative skills: theoretical and analytical problem-solver with creativ
• ityDemonstrated interest in actuarial science and insurance; no experience requir
• ed.Interest in and ability to complete the actuarial exams and achieve professional property & casualty actuarial credentia

ls.
Additional Informa

tionBachelor’s degree with a concentration in a quantitative discipline such as actuarial science, statistics, computer science, mathematics, economics, or operations rese

Please refer to job description.