What are the responsibilities and job description for the Director, Actuarial Pricing position at Arch Reinsurance Company (U.S.)?
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 assure profitability of business written
- Contributing 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
- Performing underwriting audits of client files
- Report and present work including trend studies, rate monitoring and ad hoc requests from senior management
- Frequent contact with underwriting, claims, and finance departments
Required Skills/Experience
- Reinsurance experience, or similar experience, is strongly desired; reinsurance pricing experience is a plus
Desired Skills/Experience
- FCAS, ACAS or near completion level or equivalent designation
- Proficient in MS Excel, and an ability to create pricing tools to support day-to-day underwriting work flow. Programming skills and proficiency in MS Access is a plus
- Ability to organize and prioritize a demanding workload
- Strong interpersonal and communicate on 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
The Company
Arch Re is a well-capitalized, leading diversified insurer that focuses on supplying significant capacity to the global reinsurance marketplace. We have the worldwide reach, agility and resources to support ceding companies capitalizing on changing market conditions and new opportunities in various lines and geographic areas around the globe. Our business strategy keeps operational controls tight and costs low, helping to maximize efficiencies for our broker partners. A subsidiary of Arch Capital Group Ltd., Arch Re has been recognized by clients around the globe for providing expert underwriting, skilled claims management, outstanding service and world-class product offerings.
Arch Capital Group Ltd. is a Bermuda-based company which provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. Arch offers competitive pay and a comprehensive benefits package. Additionally, Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. We seek talent that thinks innovatively, values collaboration and will go the extra mile to serve our customers and develop our company.