AVP, Reserving & Loss Analytics (Hybrid)
Company
Arch Capital Services LLC
Location
Greater NYC Area
Type
Full Time
Job Description
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 Possibilityâ„ .
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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 Possibilityâ„ .Â
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.Â
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Responsibilities:Â
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Own Reserving and Loss Analytics for the highly visible Programs’ book of businessÂ
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Work in close collaboration with underwriting, pricing, claims and finance to develop a common view of the business. Work in partnership with various stakeholders to identify emerging trends that could impact results and propose corrective action in a timely manner.Â
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Lead projects across the Reserving & Loss Analytics Team and get work done in collaboration with others.Â
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Provide proactive insights, identify the drivers and ensure that the reserve analyses reflect any changes in the portfolio to minimize volatility and avoid surprises.Â
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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.Â
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Prioritize the work to ensure the reserving and loss analytics function is delivering analyses that is of greatest benefit to the organization.Â
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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.Â
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Skills/Experience:Â
Level and role are flexible for a talented candidate with long-term fit and potential. Candidates will be evaluated on:Â
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A minimum of 10 years’ experience in progressively complex actuarial roles within the property and casualty insurance industryÂ
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A minimum of 5 years’ experience within a Reserving functionÂ
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Associate or Fellow of the Casualty Actuarial SocietyÂ
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Leadership: Strength and experience as a teacher, manager, peer, leader and contributor to a positive cultureÂ
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Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuityÂ
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Software skills: Excel (expert), Word, PowerPoint; SQL (expert), Power BI (preferred), database and programming skills, Snowflake knowledge (preferred), Python knowledge (preferred).Â
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Self-sufficient with competence to progress and build comprehensive reserving models and analytic solutions.Â
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Excellent verbal and written communication skills. Able to communicate complex technical concepts to a wide range of audiences including executive leadership and the board.Â
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Proven expertise leading and developing actuarial teams. This individual will have experience developing high performing teams with strong technical skills and business acumen.Â
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Experience presenting to executive management and external stakeholders.Â
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Demonstrated experience providing proactive guidance and sought-out insights to business leaders, executive management, and other stakeholders.Â
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For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.Â
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For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.
$129,500 - $201,066/year
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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. The above pay range may be modified in the future.
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! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
14400 Arch Insurance Group Inc.
Date Posted
12/15/2024
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