Pricing Actuary

4 weeks ago

Jersey City, United States Bernard Nickels & Associates Full time

Role: Director, Pricing Actuary

Status: Perm

Location: Jersey City, NJ

Salary: $200,000


Job Summary

Seeking a motivated actuarial candidate to join a dynamic Reserving and Loss Analytics team. This is a unique dual-purpose role. Reserving-related and claim analytics engagements account for a portion of the role, with focus on E&S Casualty and the Canada book of business. Additionally, this role will have explicit focus on the Corporate Actuarial function, including management of regulatory communication, NAIC Statement of Actuarial Opinion processes, external and internal audit framework, third-party reserve analyses on behalf of the Arch Insurance Group, SOX compliance, as well as US GAAP and Statutory reporting requirements in closer partnership with both Arch Insurance Group Finance organization and Arch Capital Group Actuarial and Finance organizations.


This position will require application of the latest actuarial approaches to ensure appropriate reserve adequacy and reporting, as well as innovative thinking to help drive newly developed strategic vision and leverage available data, industry information, foundational analytics for critical decision making, and help with development of analytical tools and insights.


The ideal candidate will have strong analytical, technical and communication skills, be committed to developing strong business acumen, and most importantly, will work well in a team environment in close partnership with Pricing Actuarial, Underwriting, Claim, IT, Finance, and other functions.


Organization and prioritization skills are crucial to this role, given its dual-purpose nature. The candidate will need to balance multiple tasks and coordinate with other members of the time to help with resources as needed.


This position offers a challenging role, opportunities for growth and advancement, a competitive compensation package, solid benefits, in a dynamic and forward-looking actuarial team. Depending on the candidate, this position may include management of 1-2 staff members.


Education and Experience

The successful candidate will have the following requirements:

  • Prior experience in a corporate or business unit reserving function strongly preferred.
  • Experience with programming (such as SQL, R or Python) preferred.
  • Ability to lead projects and get work done in collaboration with others.
  • Ability to establish and build effective relationships within the organization.
  • Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbal and in writing.
  • Experience presenting results / findings to senior management a plus.
  • A critical thinker who will challenge others in a respectful manner and will be open to being challenged.
  • An individual who is a quick self-study and has the ability to balance multiple tasks simultaneously. Adaptable, flexible, and thrives in a fast-paced and ever-evolving environment.
  • A detail-oriented person who can be committed to both quality as well as accuracy.
  • Intellectually curious – willing to ask questions and challenge assumptions.
  • An understanding and appreciation of the peaks and valleys in the work flow required of a dynamic reserving and loss analytics function that combines both corporate reserving responsibility as well as insight driven reserving studies.
  • Associate or Fellow of the Casualty Actuarial Society preferred (non-credentialed candidates with strong prior experience will be considered)
  • 5+ years of experience
  • Reserving experience and/or Corporate Actuarial experience is strongly preferred
  • Management experience a plus


Profitability Reviews

Assist with Quarterly Underwriting Year, NPV, and ROE analyses as needed.


Audit, Compliance, & Financial Reporting

  • Assist in developing a discussion supporting the quarterly result and the drivers behind it
  • Assist with developing tools, metrics, dashboards to inform and support the quarterly result and drivers behind it
  • Assist with GAAP and SAP Financial Reporting (e.g. actuarial opinions, actuarial reports, statutory statements, and 10-Q/K reporting)
  • Communicate and coordinate with third parties regarding independent reserve analyses
  • Assist and/or lead SOX compliance efforts
  • 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℠.


Education and Experience

The successful candidate will have the following requirements:

  • Prior experience in a corporate or business unit reserving function strongly preferred.
  • Experience with programming (such as SQL, R or Python) preferred.
  • Ability to lead projects and get work done in collaboration with others.
  • Ability to establish and build effective relationships within the organization.
  • Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbal and in writing.
  • Experience presenting results / findings to senior management a plus.
  • A critical thinker who will challenge others in a respectful manner and will be open to being challenged.
  • An individual who is a quick self-study and has the ability to balance multiple tasks simultaneously. Adaptable, flexible, and thrives in a fast-paced and ever-evolving environment.
  • A detail-oriented person who can be committed to both quality as well as accuracy.
  • Intellectually curious – willing to ask questions and challenge assumptions.
  • An understanding and appreciation of the peaks and valleys in the work flow required of a dynamic reserving and loss analytics function that combines both corporate reserving responsibility as well as insight driven reserving studies.
  • Associate or Fellow of the Casualty Actuarial Society preferred (non-credentialed candidates with strong prior experience will be considered)
  • 5+ years of experience
  • Reserving experience and/or Corporate Actuarial experience is strongly preferred
  • Management experience a plus

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